The Australian auto industry is set for an eco-overhaul, with Shai Agassi planning to launch his sustainable electric car network down under. Better Place works under 3 ventures: The introduction of charging zones for short distance drivers in the metro area; battery switching stations for long journeys; and software aids to automate the service.

With plans already underway in Denmark and Israel, Agassi has recently partnered with AGL Energy Ltd. and financial advisor Macquarie Capital Group to raise AUD$1 billion for Australia’s own electric car network. All going well, the Better Place should be up and running in Australia by 2012.

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