Better Place sees electric cars on roads in 2011

Better Place said on Sunday it expects at least 45,000 electric cars on Israeli roads in the next five years, starting in 2011.

The company, which is building a network of charging stations for electric cars in Israel, Denmark and Australia, said it had signed up 92 corporate fleet owners in Israel to rotate in electric vehicles when leases expire in coming years.

"That's one-third of the fleet and half the fleet cars," Shai Agassi, Better Place's founder and chief executive, told Reuters after an event to open a center in Israel to showcase the prototype cars and its electric technology.

He noted that the top 280 fleets in Israel comprise some 100,000 cars.

"By 2020 there will be more electric cars sold per year than gas cars," Agassi said.

For further information: Reuters