Fisker Inc. (NYSE: FSR) has stated its aim to produce a climate neutral vehicle by 2027. In line with its environmental, social and governance strategy, Fisker says it will not purchase offsets to achieve this goal.
The company seeks to utilise only climate neutral materials in products and use only climate neutral services to support the business.
To achieve a climate neutral vehicle, Fisker will continuously analyse, study, measure and innovate all five phases of a vehicle life cycle. These include sourcing, manufacturing, logistics, use phase and end-of-life recycling and reuse.
Enhancing this effort is the company’s proprietary product development system known as Fisker-Flexible Platform Adaptive Design (FF-PAD), which drives continuous improvements across critical areas of product development. Fisker is working closely with manufacturing partners Magna and Foxconn to support this initiative.
Earlier this year, Fisker and China’s Foxconn signed a framework agreement supporting joint development and manufacturing related to Project ‘PEAR’ (Personal Electric Automotive Revolution), a program to develop a new breakthrough electric vehicle. This new segment vehicle will be jointly developed and sold under the Fisker brand into global markets including North America, Europe, China, and India.
Fisker Chairman and CEO, Henrik Fisker, says: “We plan to radically disrupt the mobility industry by setting an ambitious goal for ourselves: to produce a climate neutral vehicle by 2027. We put people and the planet at the forefront of our mission, ensuring a cleaner future for all. The company recognizes the challenges of producing and delivering products without creating greenhouse gas (GHG) emissions. The supply chains of suppliers and logistics partners may contain offsets to achieve climate neutrality.”
He adds: “As Fisker develops its emissions-free products, the company will endeavor to promote a circular economy by sourcing recycled materials and remanufactured components – and work to utilize public charging points running on 100% renewable energy. We will prioritize partners with stated pledges to achieve climate neutrality. We already deployed cross-company teams focused on sourcing climate positive materials and critical components such as aluminum, steel, electronics and lithium-ion batteries from companies with carbon-neutral commitments.”
Fisker intends to start production in Europe on its first vehicle, the Ocean electric SUV, in Q4 2022 and will unveil a production-intent prototype of the vehicle at the Los Angeles Auto Show later this year.
Keyword: Fisker Inc. Targets Production And Delivery of a Climate Neutral Vehicle By 2027