RE:Eric Nutall post: This is Eriks first cycle, we have heard a lot of this before.... the media is fascinated by the subject, oils death has been called many times in the last 50 yrs. Yet we just keep using more... in 2005 a book was written called "The End of Oil" . The MSM were fascinated with it, experts told us it was inevitable, the price of oil would destroy demand, always a new twist on a an old story, likely go back and find those themes written about every cycle. This generation is pretty naive to it all.
In the late 1970's gov'ts went headlong into solar, that failed, some EV's were produced, GM had a couple. Other companies produced EV's then, quite a few hit the market, none sold well. Reality is GM has a history of producing failed EV products way back to 1912. EV's actually dominated the roads back in the early 1900's until the evolution to the IC engine which was more convenient and much, much cheaper. By the 1930's the IC engine dominated the market.
In the 1960's GM brought back EV's with their Electrovair, a electrified Chevrolet Corvair, then again in 1977 with the Electrovette which was a EV version of the Chevy Chevette. In 1990 GM introduced a new EV the Impact.The Impact’s systems were tested in converted Geo Storms and Lumina APVs, the HX-3 hybrid-electric show car, Opel Astra wagons (Impuls I and II) and the Chevrolet S-Series pickup truck prototype. The EV1 was marketed shortly there after and sold as a lease vehicle only, didn't do well. In 2007 GM introduced the Volt, lately the Bolt, the Hummer. The Volt was discontinued, the Bolt hasn't been selling well, now the fire issue is likely to hurt sales even more. Hummer went the way of the dodo bird once already, now re-imagined again. A long of history of failed projects with EV's at GM. I've been thru the GM private museum of concept cars, a few of them are stored there.
The mindset before the last bull really took off from Oct 2003.