Project Better Place founder Shai Agassi says of his electric vehicle initiative that his company will turn profit; and he believes that to be an asset. Agassi says this kind of model can work only if it's profitable. A model which isn't profitable and only subsidized by the government will fail. Better Place was founded four years ago. Since then Better Place has raised considerable funds, they have even surpassed 100,000 electrical kilometers in Israel with no fuel.
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