From: International Business Times:
Better Place unveils tech to switch EVs batteries
Better Place is a company building a network of charging stations, and more interestingly, battery replacement stations for upcoming standardized EVs using lithium ion batteries. This is the kind of scheme that has a very high fixed cost for deployment, but potentially low variable costs downstream, and only works if it has a lot of EVs over which to spread the initial cost of deployment, and therefore needs patient capital. The whole scheme, led by Shai Agassi a software entrepreneur, and plans to deploy initially in Israel, which has obvious reasons for wanting to switch from Oil to electric.
A video of the battery replacement (say for a long trip that would deplete the standardized battery technology they propose where it is faster to replace than recharge) is below