You ever wonder what is holding back the development of All Electric Vehicles? I’d point to battery technology. Specifically it has a lot to do with battery technology. Large nickel metal hydride (NiMH) batteries to be exact.
Here’s some interesting history:
“In 1994, General Motors acquired a controlling interest in Ovonics’s battery development and manufacturing, including patents controlling the manufacturing of large nickel metal hydride (NiMH) batteries. In 2001, Texaco purchased GM’s share in GM Ovonics. A few months later, Chevron acquired Texaco. In 2003, Texaco Ovonics Battery Systems was restructured into Cobasys, a 50/50 joint venture between Chevron and Energy Conversion Devices (ECD) Ovonics. Chevron’s influence over Cobasys extends beyond a strict 50/50 joint venture. Chevron holds a 19.99% interest in ECD Ovonics. Chevron also maintains veto power over any sale or licensing of NiMH technology. In addition, Chevron maintains the right to seize all of Cobasys’ intellectual property rights in the event that ECD Ovonics does not fulfill its contractual obligations.” via Wikipedia
Much of what holds up the development of Electric Cars is patents that are held by one of the world’s largest oil companies.