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One country, however, appears to be better prepared than the others: Denmark. The biggest Danish power company has partnered with a California start-up company, Better Place, to build a nationwide grid to support electric cars, composed of thousands of charging poles in towns and cities and service stations along...
Just as importantly, the Danish government is firmly behind the project. Late last year, it promised not to impose the normal vehicle-registration tax of 180% on electric cars until 2012 - a tax break of at least $40,000 for early buyers - and to provide drivers with free parking in...
Jens Moberg, the head of Better Place Denmark, says the company is aiming to have the first cars on the road in Denmark by the second half of 2011. Within one year, he expects the number of vehicles to be "in the thousands," and by 2020, he believes there will...
Indeed, the chances of failure are high. Already, Better Place has run into problems with Renault over Denmark's promised tax exemptions. Last year, the former Climate and Energy Minister, Connie Hedegaard, suggested the government might extend the tax break until 2015, but months later, a decision on that has...
Still, the charging network is incredibly expensive to build. Better Place's system hinges on the switching stations, which make electric cars viable for long-distance trips and thus, more attractive to potential buyers. Here's how it works: after consumers buy their cars, the company provides them with batteries...