We’re a bit late on this one but if you missed it, Thursday saw the unveiling of an exciting $1 billion plan to help make the Bay Area the nation’s electric-car capital.

According to San Jose Mercury News, the plan is to distribute electric vehicles much the way telecoms distribute cell-phones. Customers will subscribe to drive a certain number of miles and get an electric vehicle at a discounted price. Better Place, the company coming up with the idea, will own the battery.