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13 Biggest Electric Vehicle Business Failures in American History

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Not an article you want to be featured in. Nonetheless, the new Fisker Inc gets a shout out among the 13 EV failures mentioned in the article. 

Fisker Automotive
> Headquarters: Anaheim, CA
> Years in business: 2007-2014
> Current status: Defunct

Fisker Automotive raised $1.4 billion in private and public investment, including a $529 million Department of Energy loan in 2009. However, it repeatedly missed production deadlines, and production of the Fisker Karma, a luxury plug-in sports car, was suspended in November 2012 after only building about 2,450 units. A year later, the company filed for Chapter 11 bankruptcy protection, and in 2014, Wanxiang Group, China’s largest auto parts company, bought the assets of Fisker Automotive.

The founder of Fisker Automotive, Henrik Fisker, launched Fisker Inc. (NYSE: FSR) in 2016 and the company is collaborating with Foxconn to produce EVs.


Check out the latest episode of All-Things Fisker.

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