Electric Car Breakdown

ZAP

Updated Apr. 21, 2017 11:01AM EDT / Published Apr. 24, 2013 8:25AM EDT

Get ready for the finger-pointing. Fisker Automotive, the startup car company that received government loans, is on the brink of bankruptcy. Since receiving a federal loan in 2009 of $529 million, Fisker has repeatedly been in the news for missing production targets, car breakdowns, and repayment deadlines. The failure of Fisker highlights the difficulties of a startup in the competitive car market, as well as the difficulties in persuading the American consumer to buy electric cars.

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Electric Car Breakdown