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The biggest flops and fizzles in 2024 transportation, from Apple Car to Fisker
Autonomous vehicle technology and electrification startups were once the darlings of the VC and corporate world. The two technologies promised billions of
Meanwhile, AVs had their hypey moment in the VC sun a few years ago before reality hit: It turns out driverless cars are hard, the business model isn’t proven, and those backers might not have the patience for a long-term pre-revenue bet. The year didn’t start off well for Fisker as the EV startup struggled to meet internal sales goals and its Ocean SUV was investigated by federal safety regulators over complaints on brake loss. Kirsten Korosec is a reporter and editor who has covered the future of transportation from EVs and autonomous vehicles to urban air mobility and in-car tech for more than a decade.
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