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by therealarmen
4444 days ago
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Better Place failed because swappable batteries don't make sense. The technology is too complex and it would have required a massive leap of faith amongst automakers to adopt the standard from an startup, even one as well-funded as Better Place. I worked in the electric vehicle industry for 4 years, and it was clear early on that the market was moving towards permanent battery storage (not unlike smartphones) with intermittent charging taking place at public locations. Today, the vast majority of EV charging takes place at home. Better Place management did not to listen to the market and the company suffered greatly as a result. If they would have pivoted to building recharge stations or charging networks they just may have had a chance to succeed. |
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