EV startup Fisker sets moonshot goal of making a climate neutral EV by 2027

Electric vehicle startup Fisker Inc. has set a moonshot goal of creating its first climate neutral car by 2027.

Fisker has yet to bring a vehicle to market — climate neutral or not — making this an ambitious target. The all-electric Fisker Ocean SUV, which is still on track to go into production in November 2022, will not be climate neutral, according to CEO Henrik Fisker who laid out the target as part of a broader update Tuesday to investors. Instead, this will be another yet to be announced vehicle.

Henrik Fisker, a serial entrepreneur who rose to fame as the designer behind iconic vehicles like Aston Martin V8 Vantage, the production launch design of the Aston Martin DB9 and BMW Z8 roadster, also provided a few other updates during the investor call. He said the Ocean will have an anticipated range of up to 350 miles, beyond the previously estimated 300 miles. The company has received more than 14,000 reservations for the Ocean as of March, according to an annual report distributed to shareholders.

Fisker, which went public via a merger with special purpose acquisition company Apollo Global Management Inc. in October at a valuation of $2.9 billion, aims to have four vehicles to market by 2025. One of those, Fisker hinted at Tuesday, could be a luxury vehicle which he called the “UFO” that will use the company’s FM29 platform architecture.