NASA and the United States Postal Service have stopped using electric vans made by now-bankrupt EV startup Canoo, despite the former CEO’s claim that he would provide support for the vehicles.NASA purchased three of Canoo’s EVs in 2023 with the intention of using the vans to shuttle astronauts to the launchpad for its Artemis missions to the Moon. The space agency told TechCrunch that Canoo “was no longer able to meet our mission requirements.” As of October, NASA said it is leasing the Airstream-built “Ast ...

The electric vehicle sector has faced severe financial distress over the last two years due to rising costs from inflation and high interest rates, which led to several bankruptcy filings and business closings. Fisker Group Inc., which began deliveries of its Ocean battery-electric crossover SUV in 2023, filed for Chapter 11 bankruptcy on June 17, 2024, shut down, and liquidated its assets. Ideanomics Inc., the parent company of another EV maker Via Motors, on Dec. 4, 2024, filed for Chapter 11 bankruptc ...