Better Place is working with GE to finance purchases of batteries for its switching stations and electric car system. But since most EVs come with the batteries built in, the financing won't be a panacea for the pricey new cars.
The electric vehicle industry's major hurdle these days is the exact same piece of hardware that's supposed to power it. Batteries for electric cars can cost up to $10,000 a piece. MOREShelley DuBois, writer-reporter - Nov 9, 2010 12:45 PM ET
It has near-monopoly status and nimble, disruptive competitors. We've seen this movie before.
By Jay R. Galbraith, president and founder, Galbraith Management Consultants
The more I learn about the current situation in software, the more Microsoft's position seems to mirror General Motors' position in the auto industry a few decades ago. Like Microsoft (MSFT) today, GM was an icon in its industry, held a quasi-monopoly, produced eye-popping profits and was often distracted MORENov 6, 2009 9:01 AM ET
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