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Better Place Inc., based in Palo Alto, California, founded by former executive Shai Agassi, SAP AG, has unveiled three taxis and a station for $ 1 million to provide vehicles with new batteries. Taxis cruising the streets of Tokyo for three months to test their safety and reliability, and officials said they then decide to continue or expand the program. Mr Agassi said he hopes other cities will follow.
The company is promoting a system of switchable batteries, under which it will own battery and consumers will pay for miles like a mobile phone user pays for the minutes, at prices yet to be determined. When the batteries are exhausted, the drivers take their car to a battery-changing stations where batteries are exchanged for recharged in 60 seconds....
