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Henrik Fisker opens up about EVs

Danish car designer Henrik Fisker is an interesting figure in the automotive world. After heading up design at Aston Martin he created the initial design for the Tesla Model S before launching Fisker Automotive. There, he created the Karma range-extended electric sports car. As we all know, the company eventually went bankrupt, leaving Mr. Fisker's future in question. Now he's back on the scene with his $230,000 supercar, the VLF Force 1, which debuted at the 2016 North American International Auto Show in Detroit. Interestingly the V10-powered Force 1, along with VLF's V8-powered Destino, is a huge departure from the green machines for which Fisker was responsible not too long ago. If that makes you curious as to what's going on inside the talented head of Henrik Fisker, you're not alone. Thankfully, Fisker has opened up to Tech Insider, discussing his thoughts on EVs and the future of the automotive world. While Fisker was part of the EV revolution – in his words, showing that "electric cars can be beautiful and exciting and fun to drive" – mass adoption has been slower than he originally predicted. The field is still too limited, with not much available in terms of what people want to buy. The driving range, too, is a huge obstacle to EV uptake, but that is slowly improving. "The choice for consumers is still fairly limited, but in my mind there's no doubt electric cars are here to stay," says Fisker. "It is going to be a growing segment and it will continue to grow." Fisker, however, is bearish on hybrids, despite their popularity. In his opinion, "electric cars will take over a lot of hybrids quicker than people think now." In an interesting prediction that defies more commonly held beliefs, hybrids don't have a place as a transition to EVs anymore. As infrastructure grows – along with battery capacity – people will "jump straight from gas to electric rather than make the transition to hybrid which is what a lot of car companies are betting on." It's an interesting point of view, to be sure, especially coming from a man who just recently took a pretty big leap from electric cars back to supercars whose fury is fed by fossil fuels. Take a deeper look into the mind of Henrik Fisker in the piece from Tech Insider. Related Video:

Fisker teases electric crossover again and a high-vis turn signal

Elon Musk turns to Twitter when it's time to spread the Tesla news. Henrik Fisker perfers Facebook. The Danish-American designer took to FB once more to tease his coming electric crossover, this time showing a slice of the rear three-quarter. The feature he wants to highlight is the turn signal set into the D-pillar, which "will provide extra safety when you change lanes." There are a fair few other details to glean as well. Starting from the top, a sunroof opening appears mounted quite a bit rearward. The aperture appears small in view of Fisker promising us that pressing a button will open the roof to create "an extended open-air atmosphere;" so we expect there's another opening over the front seats. The belt line catches the eye; we'll see what it does for rear three-quarter visibility from the driver's seat. The pop-out door handles look to be illuminated by thin LED strips, and more such strips look to define the CHMSL on the tailgate spoiler and taillights. And note the curve of that seriously punched-out rear fender, designed to fit the optional 22-inch wheel. Fisker says the full-on reveal comes this December. From that point, it'll be around an 18-month wait for the production version, planned for the latter half of 2021. Many headlining features have been promised, from the "vastly spacious" and "innovative interior with new utility features," the "captivating design touches that have been traditionally reserved for supercars," and an as-yet-unidentified "new radical feature." Beyond the teasers, what we're expecting is a 300-mile range from a lithium-ion battery pack of at least 80 kWh, a single electric motor standard, two when optioned with all-wheel drive, and a price of under $40,000 to start. The electric mover will be one of three affordable EVs coming from Fisker gathered under the $129,000 EMotion flagship electric sedan. Expect more teasers before December.

Why the $142M Fisker sale won't help DOE loan get its $168M back

At the beginning of 2014, it looked like Hybrid Tech Holdings LLC was going to buy the remains of Fisker Automotive for $25 million. Just before that sale was to take place, however, Wanxiang stepped in and an auction was therefore scheduled for the middle of February. After 19 rounds of apparently frantic bidding, Wanxiang drove away the winner with a $149.2-million bid. Despite the massive dollar run-up, the Department of Energy will not be recouping any extra money from its failed loan to Fisker in the Advanced Technology Vehicles Manufacturing Loan Program. Way back in 2010, the DOE made Fisker a loan commitment of $528 million but only ever gave the automaker $192 million before problems were identified and the ATVMP spigot was turned off. The DOE later said it "recouped more than $28 million from the company's accounts," which left $168 million unaccounted for. The DOE thus announced it would hold an auction for the remainder of Fisker's loan obligation, which was decidedly not all of the Fisker remains. That loan sale auction took place in December and was won by Hybrid Tech Holdings for $25 million, which means that the final cost to the DOE was $143 million. The important thing to realize is that the $25 million in cash that made up Hybrid's original bid for the rest of the Fisker assets in the February auction in a Delaware bankruptcy court were the apples to the oranges of the $25 million used to buy the loan obligation in December. Since the DOE did not control - and never wanted to control - the Fisker assets, the DOE didn't get to recoup any more of the $143 million that Fisker owed on the loan despite the higher-than-expected ending price. Clear as mud, right?