Well here.

If you have answered
your questions you have

no right up

here to do it.

It's a very expensive again Better Place
has kind of taken the lead on that

they are off their company out
of out of Europe Denmark and

Israel primarily is where their target
markets are in because of the cost of

the batteries being so expensive and

there's some interesting stuff that goes
on in the Guards the taxes actually get

taxed around one hundred to one hundred
ten percent on the cost of the vehicle.

So when you factor in a twenty
five thousand dollar battery.

It really drives the price of the car up
versus you know without the battery their

cars are like twelve thousand dollars so
they actually own the batteries better

place wood and so when you pull off it's
kind of like a ten minute will change.

So you pull up you swap out the batter
you get a new full battery and

you kind of continue by the way and one of
the ways that we partner with those guys

is there's some financing options and
research options and stuff like that.

You know one of the issue that is the all
automakers would have to agree on the same

format battery the same shape and
have to go into the car the same place.

So the amount of standardization
they would have to curve that I'm

all from consumer standpoint makes it in
the broader market not reasonable that

the two areas you may see at a place
like Israel were better place trying it.

Or maybe a fleet you know of a taxi that
service that had you know thousand taxis

and they could all buy the same car that
they want to the battery swap model so

they could keep the fleet
circulating more but

from a consumer market the amount of
standardization every battery is different

that the different chemistries of LEAP
batteries are from a vote battery a small

issue the battery and we differ that on
the compact cars so there's a lot of.

Maybe if you decades out in
consumer market either that or

so some niche places may work.

We're all.

I mean we're actually I mean we personally
G.E. has just gotten into it in July.

You know people in Europe have
been doing it for quite some time

there are a couple of competitors here
in America that have been doing it for

quite some time but the thing that that's
recently happened was the level to

plug the J seven hundred
seventy two plug that might

be talked about it's recently just been
standardized by the automakers and so

that that is kind of like transcended or
kind of set a line in the sand for

the entire industry both
of Europe Asia and America.

So I think when you talk about level two
charging we were right in the beginning

with the rest of the country
we were actually considering

what we do here in America to to with G..

With a G. to kind of set the standard for
the rest of the world over there over

at least until at this point the the U.S.
space with G.M.

Nissan is also not a U.S.
company but a lot of large U.S. presence.

I say right now U.S.

is is probably ahead in terms of a viable
electric vehicle for our market.

You know there's there are Chinese
companies who are getting into this

will probably three or four years old
they can be there are safety standards.

So it's a G.M. And
these are ahead of anybody in the world.

You know there are some small low speed
neighbor vehicle that sort of thing but

they want to watch as they age and China.

You know causes China in the U.S.
I think there's like seven hundred some

vehicles per thousand people you know so
point seven cars for per person and

in the U.S. and things like point
one two five or something like the.

That for each person in China.

So when you Takalani attack
on you know three or

four times as many people in China and
China is working to where

instead of converting from an I.C. engine
fleet to a electric vehicle fleet I think

China really sees what a lot of people's
first cars going to be any of the so

China's putting you know the quote from
earlier about the billions of dollars

spending on like rail is saying the same
thing in the likely to be able market.

So I think you know right.

Today I would say North America
is as advanced as anyone

in the question will be are we
still in three or four years.

It's hard or hard.

It was awfully hard to be there but all

the stories in the inside man your view.

One day you know we haven't
really been bad and

we do it and you see all

around you know that you know
the first part of the two

made I sure hope I hope that's not the
standard you know it is in California and

that's a policy issue right now the reason
is they don't think California goes their

way they have the rate structure and
increasing costs and they want to deed.

They want to discourage electric
consumption but encourage consumption for

vehicles so you create some
That's where policy can drive so

I don't think from consumer standpoint
having to meet on the House that adds We

did a calculation that said if you look at
the cost of that separate meter just on

our side cost of the meter and
all the maintenance and testing it.

You're probably adding you
know fifteen percent to

the cost of the vehicle charging the
vehicle just by requiring another you know

maybe only three hundred
dollars a year too.

Pay for your electricity for your vehicle
and it costs three hundred dollars or

more more than that just and
put in a second second meter.

So hopefully that's not the standard we
think and you can comment of the metrology

meters inside the charging station good
ways with a smart grid using the battery

we think is reasonable the vehicle to
grid which is using it while it's inside

the car to put back on the system is
technically viable there's some question

marks of what are those of the warranty of
the battery in the life of the battery and

things like that for that Second Life
Model when the wind is not good enough for

the car and or the still lot of
capacity left in it using that for

grid storage how to share
the cost of the battery.

We think is worth the value weighting
will be doing to work in that area

are finally getting well since
cars are really even here yet.

We're not that hard long but we're looking
at what would it take to do that one

of this my what's the value that we can
capture kids or one of the business models

for sharing that value with is it with the
battery company owner with the automotive

company of the third party like G.E.
but we do think it's worth looking at if

you can share the cost of the battery
across the big land area and

maybe that lowers the cost
above Wall Street

has never heard of or

Toyota they're already going so

far back story given to them now split at

this tour of nine Hero this being filmed
So basically everybody got a similar

program so they they did a good press
release to get some some coverage of it.

Raising money for a play.

They're doing a test test on there
there's there's quite a few test homes

will have test homes within a few months
and but there are that the editor.

Sure the vehicle into the grid and
into a home energy management system is

we are looking at that gene coming
this rover that there's a number of

people looking at that that
is something with On Star.

If you think about it.

I'm stark and interrupt going to
lock the door store you on stark and

start stop charging you know the gaps that
you see with these electric vehicles that.

Let me buy callously yaps and the things
that you have do with these vehicles.

I think really going to
get people excited and

they'll be a lot of
other value proposition.

Yeah I was a word we were doing some
research up of the Global Research Center

in New York cars to batteries.

You know supplying back to the grid but
there are some issues

I think in regards to the quality
about you know so there's some things

that we're doing testing more I would
use it in your own home versus out.

Yeah exactly.

I mean we were studying it was your or
your own back door or

yeah it's there in
the southeast of the towers.

That's one of the problems we have
is to keep them with that but

as a home reliability.

I think before we say be able to grid
where you send it back to the grid and

instead of the backup generator if you've
got a card or garage they can have power

and you have an allergy to the freezer
cold to use the car that's fun.