The Risk of Buying an EV: What Happens If the Company Goes Bankrupt?

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, discusses a growing concern in the EV market: What happens when an EV company goes bankrupt? Owners of Fisker and Nikola vehicles may never be able to repair their cars, as both companies—and their service networks—have disappeared. Even aftermarket repair shops will likely stop servicing these vehicles over time. The same risk applies to companies like Lucid, which could leave customers stranded if it fails. Before purchasing an EV, buyers should consider the long-term availability of repairs.