There are still plenty of naysayers when the subject turns to electric cars and whether enough people will buy them. But a downbeat assessment came from an unexpected source recently: Charles Gassenheimer, CEO of lithium ion battery maker Ener1.
Ener1 has owned 31 percent of the Norwegian EV maker Think, which is selling its U.S.-manufactured City EV to fleet users and plans retail sales in a few markets this year. At Ener1's first-quarter earnings conference, Gassenheimer revealed that his company is returning its shares in Think and writing off $73 million.
"No additional funds will be provided to Think by Ener1," he said.