2023 Fisker Ocean One on 2040-cars

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DOE Secretary Moniz announces $50 million for cleaner vehicles, sees upside in Fisker loan failure

The Washington Auto Show started today with an announcement by US Department of Energy Secretary Ernest Moniz about a new, $50-million boost for the DOE's work on supporting more fuel-efficient vehicles. The $50 million, Moniz said, will support advanced vehicle technologies. $30 million will go towards making plug-in vehicles better and charging more convenient, including extra support for the EV Everywhere Grand Challenge. The DOE said years ago that it would focus on supporting electric vehicles, but Moniz said that he expects the money announced today to support a wide variety of things. This includes advanced batteries, lightweight materials, advanced combustion and better tires, all in an effort to help the auto industry meet the higher fuel economy ratings of 54.5 miles per gallon by 2025. The DOE is "very bullish" on EV sales as costs continue to drop - Secretary Moniz Moniz said that the DOE has played a huge role in getting the national average MPG up to the level it is as today, citing the example that nearly every hybrid on the road has some DOE-supported technology in it with better nickel-metal hydride batteries. Also, since Americans bought nearly 100,000 plug-in vehicles last year, about twice as much as in 2012, Moniz said the DOE feels "very bullish seeing this [EV progress] continue in the years ahead" as costs continue to drop. Not every DOE investment has been a hit, of course, but Moniz is Okay with that. The DOE's broader loan program has worked, he said, adding that a portfolio "probably shouldn't be 100 percent successful." The biggest green-car-related DOE loan failure to date has been Fisker Automotive, which will be sold at auction February 12. Moniz said he didn't want to voice support for one side or the other (Wanxiang Group from China and Hybrid Tech Holdings from Hong Kong), but said that no matter who drives away the winner will not be able to just take the technology to Asia. "What's key for us is that the terms of our loan are respected," he said. "We have technology transfer limitations, so no matter who the winner is, we will be looking at both engineering and manufacturing in the United States. ... Even though our note was sold at a discount, we still may achieve our fundamental goals of seeing engineering and manufacturing continuing in our country." Secretary Moniz Announces Nearly $50 Million to Advance High-Tech, Fuel Efficient American Autos WASHINGTON – At the Washington Auto Show today U.S.

Fisker and Galpin Auto Sport to introduce 'Ultimate American Muscle Car' in LA

Henrik FIsker is stepping back onto the stage at a major auto show. We just aren't exactly sure what he's doing there yet. The mysterious news comes courtesy of the press conference listing for the 2014 Los Angeles Auto Show. It shows Fisker in back-to-back presentations to debut vehicles on November 20 from 11:05 to 11:30 AM. The first is with Galpin Auto Sports, and the second is with Galpin Motors, which seems to indicate two different models. From what Autoblog has learned, the project with GAS is being dubbed the "Ultimate American Muscle Car," but there's no indication about what that means yet. Even less is known about the other model, and Fisker reportedly wants to keep things a secret before the show. While the information is certainly scant at the moment, we're intrigued by the possibilities. Fisker certainly knows how to pen an attractive vehicle – just look at his work on the BMW Z8, his term at Aston Martin and even the Fisker Karma. In addition to that, GAS is no slouch in the performance department, what with vehicles like its 1,058-horsepower GTR1, based on the Ford GT. News Source: LA Auto ShowImage Credit: Peter Foley/Bloomberg via Getty Images LA Auto Show Fisker Performance Henrik Fisker la 2014 galpin

Fisker starts taking reservations for urban EV developed with Foxconn

Fisker has started taking reservations for its second model, an enigmatic electric car known only as Project PEAR for the time being. Developed jointly with Taiwan-based software giant Foxconn, the five-seater will be manufactured in Ohio starting in 2024. PEAR stands for Personal Electric Automotive Revolution, according to the company, and it's presented as a compact model designed for urban environments. Fisker released a sketch to preview the car, though it stressed that it wants to keep full styling-related details under wraps until closer to the official unveiling. Pricing will start at $29,900 before taxes and various government incentives enter the equation. We're told that the PEAR will stand out with "intuitive controls, sporty driving, clever storage, and a focus on industry firsts," but the carmaker stopped short of providing concrete details. Foxconn's involvement should facilitate the task of bringing the PEAR to production; it notably builds the iPhone for Apple in China. The car will be built on a new platform called FP28 internally and designed by both companies. Customers can add their name to the waiting list by sending Fisker a $250 deposit, and the cost of a second reservation drops to $100. Deliveries are scheduled to start in 2024, and more details about the Pear should be announced in the coming months. Fisker and Foxconn jointly plan to build about 250,000 units of the model annually, but keep in mind that Fisker has a habit of not sticking to the timeline it sets. Production of the Ocean crossover was scheduled to start in late 2021 (it should enter production in Graz, Austria, a year late with help from contract manufacturer Magna), and the Emotion sedan unveiled at CES in 2018 and due out in 2019 is still nowhere to be seen. Related Video This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Green Fisker Electric Future Vehicles