Word: denmark
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Overall, Canada was ranked 19th worldwide, trailing the United States and the overall leaders—Sweden, Denmark and Japan...
...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 highways where depleted batteries can be swapped for fresh ones on long trips. (They're called "switching stations.") This isn't pie-in-the-sky stuff, either - Better Place announced last week that it had raised $350 million to support the venture, one of the largest rounds of venture capital...
...cars until 2012 - a tax break of at least $40,000 for early buyers - and to provide drivers with free parking in downtown Copenhagen. Not only that, but the company has signed a deal with Renault to supply 100,000 cars - the company's new Fluence ZE model - to Denmark and Israel by 2016. (See the history of the electric...
...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 be more electric cars sold in Denmark than combustion-engine cars. "We've managed our business in a responsible way and the Danish government has said we want to support this," he tells TIME. But he knows there's also an inherent risk in being first, particularly when it involves...
...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 yet to be made. "If we don't get a clarification, then we at Renault want to focus on other countries for the first electric cars," head of Renault Denmark, Henrik Bang, told the Berlingske Tidende newspaper last month. Renault has since reaffirmed its commitment to the project, and Denmark...