The electric vehicle industry has had a rough week, culminating with news of an investigation by the US Securities and Exchange Commission (SEC) into EV startup Fisker. TechCrunch reported that Fisker received several subpoenas from the SEC, although the specific nature of the investigation remains unclear. Fisker has been struggling since the disastrous launch of its Ocean SUV last year, leading to layoffs and a shift in sales strategy. A Fisker spokesperson declined to comment on the investigation. This setback for Fisker comes amidst other challenges in the EV industry, such as Tesla’s fifth recall of its Cybertruck.
