Better Place is building a network of electric car battery changing stations throughout Israel. The idea is to make changing a spent electric battery as easy as pulling into the gas station for gasoline. Here, Better Place CEO Shai Agassi is shown in front of a cutaway model of an electric car at the company's showroom in Tel Aviv earlier this month.
It looks like a bright new car wash, but it's a battery swapping station for electric cars in Israel. When a vehicle pulls up, it is slowly pulled through a conveyor. The spent battery is taken out and replaced with one that is fully charged. The entire process takes less than five minutes.
Changes in the health insurance industry are at the top of NPR's business news.
The giant insurance company Aetna plans to get a little bigger. It's buying Coventry Health Care for more than $5.5 billion. Now, if you want to know why, consider the changing landscape in which Aetna does business. Medicaid is expanding under President Obama's health care law, Medicare is expanding as Americans grow older, and those government-run plans include many opportunities for private insurance companies.