Australia Signs Up To Electric Car Project

Australia should have its first electric cars on the road within four years, after domestic power company AGL and finance company Macquarie Capital reached an agreement with the Better Place project. Under the terms of the agreement, Macquarie will raise AUD1bn to fund an electric car network in Melbourne, Sydney and Brisbane, while AGL will power the network. Better Place founder Shai Agassi told local press that the three major cities should each have networks of between 200,000 and 250,000 charging stations in homes and public places by

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