Dead on arrival? EV startups Struggle as Industry Competition Grows

Douglas McIntyre, editor-in-chief of Climate Crisis 24/7, reports on the bankruptcy of Fisker, a small U.S.-based EV company. Fisker’s Chapter 11 filing highlights the struggles of smaller EV enterprises, which face intense competition from major players like Tesla, Chinese automakers and legacy carmakers such as Ford, GM and Volkswagen. With insufficient capital, companies such as Rivian and Lucid are also at risk of meeting a similar fate.