6. GM EV1
GM, upon releasing the EV1, was setting a standard for the industry to beat. Sure it had its problems – the batteries were nowhere near advanced enough, and quite simply the infrastructure wasn’t there to support it.
Nonetheless, the EV1 was a step in the right direction that, with some real dedication from GM, had the potential to be just as successful as the Tesla brand, or the Toyota Prius. GM, however, quickly gave up on the EV1.
The company decided it wasn’t worth the time, money or effort to continue the project, and set out to destroy the fledging car. And when we mean destroy – GM bought back almost every single EV1 produced and sent them to the crusher.
Apparently, the costs of supporting the model for the required statutory timeframe was so high that this was a cheaper option…