Some electric car companies have begun to change their ownership models. The French automaker Renault, for example, has reduced its prices under a model that has drivers buy the car, but rent the battery separately. The idea of renting out an electric battery separately has inspired an Israeli company, called Better Place, to start building battery swap stations. Although it will cost consumers more per year, the drivers are guaranteed a good battery all the time. They can automatically get a replacement and avoid the need to recharge, in about the same time it takes to fill up with a tank of gas. The company is building a network of such stations in Israel, Denmark, and later this year in Australia.

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