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Posts Tagged ‘EV1’

Used EV1 Sells for Almost Half a Million Dollars

Oct 30

Written by: Aaron Turpen

Published on October 30th, 2008 in Electric Cars

GM EV1 Electric Car

Who Killed the Electric Car? General Motors, of course, that’s what the movie said. Right? Well, those GM EV1s are now quite the collector’s item. Most of them were returned to General Motors and destroyed, since they were leased (not owned) and at the end of the lease, they were still GM’s property. Because the car was a financial failure and because the oil crunch of the 80s was very much over, there wasn’t much call to continue making an electric car. So GM discontinued the series.

Read More: Used EV1 Sells for Almost Half a Million Dollars

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