fisker

fisker

Fisker Inc.

Electric automaker Fisker has revealed that it’s developing its third vehicle—an electric sports car codenamed Project Ronin.

Read more Show less
Image from Shutterstock

The Biden administration on Monday announced a new $3.1 billion plan to ramp up electric vehicle battery production in the U.S. The effort comes as supply constraints have hindered automakers’ ability to secure EV battery components—potentially slowing down the administration’s goal of having zero-emission cars make up 50% of automotive market share by 2030.

Read more Show less
Courtesy of Fisker

Sign up for dot.LA’s daily newsletter for the latest news on Southern California’s tech, startup and venture capital scene.

As inflation and Russia’s invasion of Ukraine causes gas prices to creep north of $7 per gallon in some parts of Los Angeles, more drivers are considering electric vehicles as an alternative. But for many EV manufacturers, supply chain challenges and production delays are gridlocking their ability to capitalize on the rising demand.

Even before this year’s stark rise in gas prices, consumers had begun buying more electric and hybrid vehicles, which accounted for 6.2% of all new vehicle purchases in the U.S. last year (up from 4.2% in 2020), according to auto industry research firm Edmunds.

Read more Show less
Trending