It is now 2015, and our group in Vancouver has owned more than 10, since 1998.
There were frauds, for sure, and a lot of badly-designed and/or badly-made electric bikes, scooters, and cars.
However, the fundamental fact is that manufacturing is done in "batches". A batch of 500 might be made at a profit, and that is a success, not a failure.
The Currie bike company was a success, started by a retired CEO of a weapons-maker who realized what his job was "wrong", and probably started making ebikes to correct his journey in life. I owned several Currie bikes and scooters, all great, and saved me 5X to 10X what I paid for them.
Gen. Wesley Clark was behind Tidalforce, which was an improvement of the Currie folding ebike. It sold thousands and replaced a lot of gasoline, too. Not a failure, in my view.
The defining rule, as to whether it was a fraud, or a sincere effort, is this: Did the company honor its warranty?
From actual experience, here is my "honor roll" i.e. the good guys/proucts, many of whom are no longer around:
- The first owners of Egovehicles.com
- The first owners of Currie (Dr. Malcolm Currie)
- Advanced Motors - DC motors
- BMC motors (India?)
- MAC motors
- Hawker Genesis ultra-high-discharge/charge sealed lead acid batteries
- Soneil battery chargers
- Razor 350W trail motorbike