The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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gg cox

To: robert b furman who wrote (13025)	10/26/2024 3:42:22 AM
From: elmatador	1 Recommendation Read Replies (1) of 13780

General Motors EV1 The EV1 was a really ambitious project by General Motors. It’s exactly how you’d imagine a ‘90s fully-electric vehicle to look like. The swooping aerodynamic vision of the future. The concept first saw the light of day in 1990, but it wouldn’t be until 1997 that we’d have a road-going production car. This was a time where GM were producing cars like the GMC Syclone which was pretty much the polar opposite of the EV1. Powered by a three-phase induction AC motor driven by a 16.3kWh lead-acid battery, the EV1’s charging time was 15 hours and had a range of 79 miles. That’s not too shabby considering that it was 13 years before any serious mass-produced EV had arrived on the market. It had a 0-60mph time of less than nine seconds. This really was a case of the right car at the wrong time as it was met with some serious protests from GM fans. How dare they try to make a sustainable future? There was a wider positive reaction to the car, but the losses on each car and added loyal customer protests led to GM discontinuing the EV1. However, despite their best efforts, one famous customer and director of The Godfather, Francis Ford Coppola, made GM an offer they couldn’t refuse by hiding his and ended up being able to keep it.

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