https://en.wikipedia.org/wiki/General_Motors_streetcar_conspiracy
Between 1938 and 1950, National City Lines and its subsidiaries, American City Lines and Pacific City Lines—with investment from GM, Firestone Tire, Standard Oil of California through a subsidiary, Federal Engineering, Phillips Petroleum, and Mack Trucks—gained control of additional transit systems in about 25 cities. NCL often converted streetcars to bus operations in that period, although electric traction was preserved or expanded in some locations. Most companies involved were convicted in 1949 of conspiracy to monopolize interstate commerce in the sale of buses, fuel, and supplies to NCL subsidiaries.
Big business killed the GM EV1 electric car in 2002:
In 1990 California mandated that made the production and sale of zero-emissions vehicles (ZEV) a requirement for the seven major automakers selling cars in the United States to continue to market their vehicles in California. GM produced the EV1 car.Oil companies were afraid of losing their monopoly on transportation fuel over the coming decades; while GM feared short-term costs for EV development and long-term revenue loss because EVs require little maintenance and no tuneups. GM cancelled the EV1 program and repossessed the cars, by end of 2002 and the majority of the repossessed EV1s were crushed.
https://en.wikipedia.org/wiki/Who_Killed_the_Electric_Car%3F
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