Henrik Fisker announced plans for what could be the world's first "climate neutral" vehicle, a car that will be built with the lowest-possible effect on the environment — from how the parts are sourced and assembled to the way it's charged and recycled.

The creator of eponymously named Fisker Inc. says the vehicle will be rolled out by 2027. That would edge out a promise made by Volvo Cars-owned Polestar in April to produce a climate neutral car by 2030.

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Los Angeles provides one of the best models for creating incentives to encourage people to buy electric cars — even if those various programs and qualifications can be confusing to navigate.

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Fisker Inc. is charging ahead with plans to get its first electric vehicle into production by the end of next year amid increased competition from startups and established automakers, despite ballooning losses.

The Manhattan Beach-based startup automaker posted losses of $176.8 million in the first quarter of 2021, compared to $1.13 million in the first quarter of 2020.

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