Nooooo.
Cliffnotes version is GM bought the rights to the great battery the Ovshinsky's made and then sold it to Texaco a week later.
This is how the oil pigs killed the good battery(s):
In part:
The oil companies simply don't want this to happen. Stan Ovshinsky built a very good battery for the EV-1, but GM bought it and then sold it to the oil companies. Talk about a control paradigm. "Oil companies Fearful of losing business to a competing technology, they supported efforts to kill the ZEV mandate. They also bought patents to prevent modern NiMH batteries from being used in US electric cars". -Reference.
Further Quote- Patent en brance of NiMH batteries
In 1994, General Motors acquired a controlling interest in Ovonics's battery development and manufacturing, including patents controlling the manufacturing of large nickel metal hydride (NiMH) batteries. In 2001, Texaco purchased GM's share in GM Ovonics. A few months later, Chevron acquired Texaco. In 2003, Texaco Ovonics Battery Systems was restructured into Cobasys, a 50/50 joint venture between Chevron and Energy Conversion Devices (ECD) Ovonics.[11] Chevron's influence over Cobasys extends beyond a strict 50/50 joint venture.
and...
Texaco sold the NiMH battery technology to Amoco. GM had a 60% controlling interest in the technology, and announced their sellout of world wide patent rights to Texaco on October 10, 2000. Six days later, Chevron bought out Texaco in a 100 billion dollar merger. Cobasys is Chevron's subsidiary, which effectively killed further development of the NiMH batteries for all-electric cars. Panasonic had developed a "E-95" NiMH battery that was powerful enough to energize an all-electric car at speeds to 80 mph, and with a range of 120 miles. The expected battery life was longer than the life expectancy of the vehicle, and in fact more than 1,000 of Toyota's RAV4 EV units have already surpassed the 100,000 mile mark. Cobasys successfully sued Panasonic for the sum of 30 million dollars, thus killing any further sales of EV-95 batteries. The batteries cannot be sold, or imported, into the US. Cobasys refuses to grant any other company the license to manufacture the EV-95 batteries, and will not even think of producing the EV-95 themselves, unless guaranteed a massive order by an OEM.
The only currently available alternative to a EV-95 NiMH battery is a lithium-ion battery pack, but these typically cost around $14,000, which is about 6 times as expensive as an EV-95, and haven't been around long enough to establish a proven track record.