By The Editorial Board, June 18, 2024

Fisker Group declared bankruptcy late Monday, the second U.S. electric-vehicle startup to fail in a year. Building a new car company isn’t easy, but Fisker ironically may have been harmed by President Biden’s force-fed EV transition.

The seven-year-old company was Henrik Fisker’s second-go. His previous EV startup, Fisker Automotive, failed in 2013 after burning through some $1.4 billion, including a $192 million U.S. government loan. Problems at a battery supplier were a major culprit. This time Fisker struggled to scale up and compete in a more developed—and saturated—EV market…

Read the rest of the article on the Wall Street Journal


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