FILE - In this Wednesday, March 23, 2011 file photo, Israeli-American entrepreneur Shai Agassi, founder and CEO of "Better Place", a project developing electric vehicles and a network of charging

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FILE - In this Wednesday, March 23, 2011 file photo, Israeli-American entrepreneur Shai Agassi, founder and CEO of "Better Place", a project developing electric vehicles and a network of charging points, stands at an electric charging station in Kiryat Ekron, central Israel. Better Place announced Sunday, May 26, 2013, that it is shutting down, less than six years after unveiling an ambitious plan that promised to revolutionize the auto industry by reducing the world's dependency on oil. (AP Photo/Sebastian Scheiner, File) less 

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Associated Press
Sun, May 26, 2013 5:55 PM EDT