JERUSALEM (AP) — Israel’s trailblazing electric car company Better Place says it has reached
the end of the road.Thecompany announced Sunday that it was filing for liquidation, marking astunning
end to an ambitious plan aimed at revolutionizing the autoindustry by reducing the world’s dependency on
oil.PerhapsIsrael’s best known clean-tech company, Better Place was developing anationwide network of
charging and battery-swapping stations. But thecompany experienced repeated delays in getting off the
ground andexperienced weak demand for its cars after burning through millions ofdollars.The announcement
comes less than eight months aftercompany founder Shai Agassi was forced out. The project won the
supportof President Shimon Peres, received financial incentives from theIsraeli government and made
Agassi a dynamic celebrity CEO.Copyright 2013 The Associated Press.JERUSALEM (AP) — Israel’s
trailblazing electric car company Better Place says it has reached the end of the road.Thecompany
announced Sunday that it was filing for liquidation, marking astunning end to an ambitious plan aimed at
revolutionizing the autoindustry by reducing the world’s dependency on oil.PerhapsIsrael’s best known
clean-tech company, Better Place was developing anationwide network of charging and battery-swapping
stations. But thecompany experienced repeated delays in getting off the ground andexperienced weak
demand for its cars after burning through millions ofdollars.The announcement comes less than eight
months aftercompany founder Shai Agassi was forced out. The project won the supportof President Shimon
Peres, received financial incentives from theIsraeli government and made Agassi a dynamic celebrity
CEO.Copyright 2013 The Associated Press.