Australia Plans Electric Vehicle Network

A US firm has unveiled plans to build a massive one-billion-dollar charging network to power electric cars in Australia as it seeks cleaner and cheaper options to petrol. Better Place, which has built plug-in stations for electric vehicles in Israel and Denmark, has joined forces with Australian power company AGL and finance group Macquarie Capital to create an Australian network. Under the agreement, Macquarie will raise one billion dollars to build electric-vehicle networks in the country’s largest cities — Melbourne, Sydney and Brisbane — while AGL will power the system with renewable energy