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EV1
It's been said that "No good deed goes unpunished" and the EV1 is a prime example.

GM introduced the EV1 in 1996 as a production version of a 1991 concept car called the Impact. It sold mostly in California, where state regulations at that time required manufacturers to offer a certain number of zero-emission vehicles.

Unlike electric vehicles offered by other automakers, the EV1 was not a retrofitted version of a gas-powered model. It was designed, from the wheels up, to be an electric car. Only two parts were carried over from any existing GM vehicle: The radio and the door handles, said GM engineer John Berisa.

Despite high hopes, the EV1 ended up being a money-loser for GM. The battery packs alone cost about $35,000 each to produce.

Customers leased EV1's on a three-year basis. In 2003, after California changed rules that required the vehicles, GM took the leased vehicles back and stopped the program, along with other car companies.

"The people who were leasing those cars for $350 a month were getting a killer deal," he said. "They just didn't know it."

GM's decision to end the EV1 later made the company infamous as the villain of the documentary, "Who killed the electric car?"

Other car companies had also stopped selling their electric cars but because GM struck a chord with its product, it was stuck with the "killer" distinction.

NEXT: Pontiac Aztek

Last updated June 02 2009: 3:55 PM ET
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