The technology has so far functioned without any flaw or problem in Japan, Wolf said according to the report.
The company led by Shai Agassi, unveiled a battery switching technology on May 12 in Japan, consisting of stations with robots programmed to replace the empty battery of an electric car with a newly fully charged battery in about 1 minute. Conventional recharging stations charge the battery of a vehicle in hours.
Users of this service would need to pay a subscription similar to those cell phone companies offer.
Better Place's strategy views batteries as a separate accessory of the car allowing it to be removed and used in other vehicles. Therefore, the company owns the batteries, not the car.