Volvo cancels highest-mpg hybrid Kia may be thinking of Mexico for its upcoming affordable electric car. FIsker had a difficult time on the Ocean. And why don’t Americans drive more electric cars? This and more, at Green Car Reports.
American EV startup automaker Fisker filed for bankruptcy Monday after failing to gather enough new investment to resume production of its Ocean electric crossover. It’s possible that its liabilities have nearly equaled its total assets because Fisker has followed an “asset light” model involving contract manufacturing. And yes, this is the second time a Fisker automaker has gone bankrupt.
The The Volvo S60 Recharge is the highest-mileage plug-in hybrid model in Volvo’s lineup—by electric miles or mpg—and it will disappear after the 2025 model year. While Volvo confirmed a few years ago that gasoline models would be phased out of its South Carolina plant, where it built, Volvo on Monday ruled out importing the S60. The location of the V60 wagon variants is currently unknown.
According to the report citing internal sources, Kia is considering Mexico as the assembly location for its car model. Kia EV3 electric SUV is coming soon—so compact EVs could reach the US market for as little as $30,000 and qualify for the EV tax credit. But no deal has been made yet.
United States, Electric vehicles run fewer miles per year than gasoline-powered models, including hybrids. Not so in other parts of the world, where electric vehicle drivers tend to drive than. Why is America the exception?
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