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DATE News (chronologically)
09/25/12
automotive
Fisker Karma meets 2025 Fuel target
Fisker Automotive, the leading manufacturer of luxury Electric Vehicles with extended-range (EVer), today announced that the company's flagship Karma sedan already surpasses its 2025 fuel economy target under Corporate Average Fuel Economy (CAFE) standards - recently finalized by the National Highway Traffic Safety Administration (NHTSA).

"It's a testament to the disruptive power of technology that a premium luxury sedan like the 2012 Fisker Karma beats its fuel economy target for 2025 - today," said Fisker CEO Tony Posawatz. "We applaud NHTSA and the Environmental Protection Agency for their efforts to increase fuel economy and reduce greenhouse gas emissions. With the Karma, we have brought to market the technology that these regulations are designed to encourage, and we're pointing the way for the rest of the industry."

On August 28, NHTSA and EPA finalized fuel economy and greenhouse gas standards for model years 2017 through 2025. The rule sets an average fuel economy target for an automaker's entire fleet of new vehicles, based on the footprint of each individual model in the fleet. For a vehicle of the Karma's size, the fuel economy target for 2025 is 45.6 MPG. Current NHTSA methodology - notably different than the EPA label - assumes the Karma will drive half its miles on gasoline and half on electricity and takes into account the energy consumption of both, giving the Karma an equivalent fuel economy of 47.3 MPG.

"The Karma is way ahead of the curve, and we are pleased that these fuel economy standards demonstrate that," said Henrik Fisker, Executive Chairman. "Regulations must make assumptions about how a car is driven on average, but the appeal of the Karma is that the driver can decide when to drive on electricity and when to drive on gas. The car's performance in the real world is what matters most - and customer feedback so far suggests Karma owners are outperforming the assumptions behind the regulations."

On a recent conference call, Karma owners were asked to report their fuel economy. The results were impressive: the group of over 30 respondents averaged 150 MPG. One customer reported achieving 57 MPG for the previous 5,500 miles of driving, which included weekend trips of over 300 miles, while another averaged over 100 MPG with 5,000 miles on the odometer. One owner reported consuming only 20 gallons of gasoline over the last 3,500 miles - for an average of 175 MPG - and many others reported average fuel economies of well over 200 MPG.

"This is just a small sample of Karma owners, but they demonstrate what we've said all along - the Karma's fuel economy performance depends on how you use it," said Henrik Fisker. "The Karma's technology puts the freedom in drivers' hands. We're thrilled to see from these early reports that Karma customers are relying predominantly on the electric range - plugging in at home and maximizing their zero emission driving - but not compromising on their driving habits."

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