The way I heard the story was that he made big promises but failed to deliver. 
He had trouble managing money apparently not unlike Nikola Tesla. Here’s an 
article in Forbes that has part of the story.

https://www.forbes.com/forbes/2003/1124/086.html

Sent from my iPhone

> On Feb 18, 2019, at 6:51 AM, Willie via EV <ev@lists.evdl.org> wrote:
> 
> 
> 
>> On 2/18/19 2:42 AM, EVDL Administrator via EV wrote:
>> 
>> I don't think it's unfair to say that Ovshinsky's cashing out to GM may have
>> delayed the introduction of viable mass-production EVs for at least 20
>> years.
> 
> I usually argue a more conservative 10 years.  I think we can consider about 
> 2006 to be the beginning of the lithium era. I often refer to this write up:
> 
> https://en.wikipedia.org/wiki/Patent_encumbrance_of_large_automotive_NiMH_batteries
> https://goo.gl/3MexMM
> 
> To this day, I frequently encounter people that claim EVs were not practical 
> until lithium became available.  It seems GM's FUD of the EV1 era is still 
> trickling down.  With GM's background, I don't see how anyone familiar with 
> the situation can, in good conscious, buy a GM car.
> 
> 
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