this post was submitted on 21 Oct 2024
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*people who were considering whether they wanted a Porsche or a Landrover. Selling Teslas to people who had $80,000 dollars to blow in 2015 is orthogonal wide adoption of EVs.
It's worse than that. California passed a law requiring the big automakers offer a non-fossil fuel vehicle. Most companies stuck electric or hydrogen motors in existing cars to make cheap garbage that technically met the requirements. GM spent half a billion developing the EV1. They released for lease-only in 1996 with a 160 mile range. They estimated a starting MSRP of $34,000 by 1999.
The customers loved them. Then California got rid of the law. And GM canceled the program. Thousands of customers sent checks trying to buy the cars. GM proceeded to revoke all leases, crush the cars, and sell the battery technology to Chevron.