Volvo cancels its highest-mpg hybrid. Kia could be pondering Mexico for its upcoming reasonably priced EV. FIsker has gone stomach up on the Ocean. And why don’t Individuals drive their EVs extra? This and extra, right here at Inexperienced Automobile Stories.
The American EV startup automaker Fisker filed for chapter Monday after it failed to assemble sufficient new funding to get manufacturing of its Ocean electrical crossover going once more. It’s doable that its liabilities have already neared its whole belongings, as Fisker has adopted an “asset-light” mannequin that concerned contract manufacturing. And sure, that is the second time a Fisker automaker has gone bankrupt.
The Volvo S60 Recharge is the highest-mileage plug-in hybrid in Volvo’s lineup—by electrical miles or mpg—and it’s going away after the 2025 mannequin yr. Whereas Volvo confirmed a number of years in the past that gasoline fashions could be dropped from the South Carolina plant the place it’s constructed, Volvo on Monday dominated out making the S60 an import. It’s unclear, as of but, the place the V60 wagon variants stand.
In line with a report citing inside sources, Kia is contemplating Mexico because the meeting location for its upcoming Kia EV3 electrical SUV—so the compact EV would possibly attain the U.S. market with a worth as little as $30,000 and EV tax credit score eligibility. But it surely’s no carried out deal as of but.
Within the U.S., EVs are pushed fewer miles yearly than gasoline fashions, together with hybrids. It’s not that approach elsewhere on the earth, the place EV drivers are likely to drive extra. Why is the U.S. the outlier?
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