creativforce

Battery Wars

Texaco is right.

Battery Wars

Thank you for one of the most interesting articles I have read on the subject. Everyone who has followed the plight of the electric car since the late nineties has wondered "Who Stole the Electric Car?" As an investor in ENER during those heady days of the electric revolution with the EV1 in California, I thought I would soon be rich as ENER ramped up production of the NIMH battery. When Shell (who later sold to Chevron) initially bought into the company, I assumed the huge infusion of cash ENER needed would soon be on the way. As we know this was the beginning of the end. CA mysteriously repealed their zero emissions requirement, and the stock price at ENER went to hell for a decade. Cobasys has been a joke and their leaky batteries have seemed like intentional screw ups. Last year Mercedes had to sue them for failure to deliver and GM who built one of the most remarkable cars of the 20th century (EV1) can't get access to the batteries they helped test and develop.

So now we learn that the NIMH battery revolution failed, not because of oil company interference, and a deep, abiding faith in the profit power of planned obsolescence at GM ... but because Toyota cornered the market on lanthanum? The story just keeps getting weirder and weirder.

It would make more sense if oil money paid everyone involved to keep the technology on ice for a decade...just think of the billion$ the lack of an electric alternative has saved Big Oil until now!!

Lockheed Martin also makes most of their money on war in the middle east, providing the funds to keep EESTOR locked up for another decade or two seems like money well spent to me.

It's not that I want to believe in conspiracies, but any detective will tell you to follow the money. So rather than all these back room dealings we suspect, we now must believe that it all comes down to profound stupidity at GM. Well, I guess that's not too hard to believe either.