1914
Henry Ford and inventor of the light bulb, Thomas Edison, worked together to explore options for low-cost electric cars.
Ford and Edison invested over $1.4 million, the equivalent of $34 million today. However, the mass production of the Model T took off, with its low cost of $650 in 1912 (equivalent to $1,750 today) it was much cheaper than any electric vehicle. The inventors found it difficult to create a battery strong enough to power an automobile. These factors wiped out electric vehicles until the 70's.