Fisker, an EV startup, has set a moonshot aim of creating a carbon-neutral vehicle by 2027

Fisker, an EV startup, has set a moonshot aim of creating a carbon-neutral vehicle by 2027
2 min read

Fisker Inc., an electric vehicle startup, has set an ambitious aim of producing its first carbon-neutral vehicle by 2027. Fisker has yet to bring a vehicle to market, whether or not it is climate neutral, making this a high objective. According to CEO Henrik Fisker, who laid out the goal as part of a broader presentation to investors on Tuesday, the all-electric Fisker Ocean SUV, which is still on schedule to go into production in November 2022, will not be climate neutral. Instead, another yet-to-be-announced vehicle will be chosen.

During the investor call, Henrik Fisker, a successful entrepreneur best known for designing classic vehicles such as the Aston Martin V8 Vantage, the production launch design of the Aston Martin DB9, and the BMW Z8 roadster, also shared a few more updates. He expects the Ocean to have a range of up to 350 miles, up from the prior estimate of 300 miles. According to an annual report presented to shareholders, the company has received over 14,000 reservations for the Ocean as of March.

Fisker hopes to have four vehicles on the market by 2025 after going public in October through a merger with special purpose acquisition company Apollo Global Management Inc. at a price of $2.9 billion. Fisker indicated on Tuesday that one of them could be a premium car named the "UFO" that will be built on the company's FM29 platform architecture.

Fisker’s roadmap going carbon-neutral

According to Fisker, the company's manufacturing partners, such as automotive contract manufacturer Magna Steyr, have their own climate-neutral ambitions. Fisker has signed a partnership with the manufacturer to manufacture the Fisker Ocean specifically in Europe. Magna has established a goal of being carbon neutral in Europe by 2025 and internationally by 2030. Fisker's other key partner for Project PEAR, the company's second, lower-cost vehicle, has a net-zero emissions objective as well, although it's scheduled for the middle of the century.

Fisker believes to have a plan in place for recycling or repurposing some of its electric vehicle batteries once they've outlived their lifespan in the vehicle. Fisker seeks to extend its leasing programme for the vehicle's expected 15-year lifespan, ensuring that the company will still have a number of vehicles when they reach the end of their lifespans.

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