I finally saw the film, and it was quite compelling. The film probably was not totally objective, but it brought up many issues that the viewer can continue to investigate on his own.
I remember when the EV1 was on the market, there were ads in the paper for $499/month leases and also news stories about how demand for the vehicle was lacking. The film tries to portray that GM engineered a marvel of a vehicle, but management wanted the vehicle to fail, to demonstrate that there is no market for electric cars. The oil industry, CARB (California Air Resources Board), and the federal government are also assigned blame. Fuel cells and hydrogen fuel are portrayed as inefficient.
It still bothers me that GM took back all the EV1's and crushed them, unlike Toyota with the RAV4 EV and Ford with the Ranger EV. Toyota and Ford eventually relented to the leasees and let them keep them. Imagine if GM continued to develop the vehicles, especially in the current climate of $3+ a gallon gasoline. The film points out that Toyota and Honda started investing heavily in hybrid research because that was where GM was heading. The irony was that it was no longer a priority for GM as they put their focus on hydrogen.
The film ended on a positive note, showing a few seconds of upcoming electric vehicles, including the Tesla and the Venturi Fetish.
I remain a huge fan of electric cars, and I would like my next vehicle to be either a pure electric (powered by my roof's solar panels) or a plug-in hybrid, because these seem to be right around the corner. These vehicles aren't quite mainstream yet, but the technology is now here. It's just a matter of efficiencies of scale to get prices reasonable.