Better Place Chairman Sees Electric Car Tipping Point in 2015

Idan Ofer tells Bloomberg that China will be Better Place's largest market.

Published: 30-Jan-2012

Better Place LLC, a U.S. startup developing charging stations for electric vehicles, predicts the “tipping point” for electric car use will come as soon as 2015, Chairman Idan Ofer said today.

“The fact is that because we are making it convenient for customers and the moment people realize there is no disadvantage to owning an electric car” they will buy the models, Ofer said in an interview with Bloomberg TV in Davos, Switzerland.

Better Place, based in Palo Alto, California, started putting its first cars on the road in Israel this week and expects to go public in the next two years, Chief Executive Officer Shai Agassi said on Jan. 24.

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