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That was a full decade ago they went out of business. Perhaps the tech is more viable now for a multitude of reasons.
by SOLAR_FIELDS 3y ago
That was a full decade ago they went out of business. Perhaps the tech is more viable now for a multitude of reasons.
- mike_hock 3y ago> The company's financial difficulties were caused by mismanagement, wasteful efforts to establish toeholds and run pilots in too many countries, the high investment required to develop the charging and swapping infrastructure, and a market penetration far lower than originally predicted by Shai Agassi. In other words, you can't bootstrap this thing on a shoestring budget (relatively speaking). It will work if governments will it into existence. They're also gonna have to will an electrical grid into existence that can support 3-5 times the current load if they want to ban combustion cars.