The Fisker Karma is an electric vehicle, with on-board range extender, luxury sports sedan that was produced by Fisker Automotive between 2011 and 2012. The vehicle is a series hybrid since the internal combustion engine does not provide propulsion power to the drive wheels. The cars were manufactured at Valmet Automotive in Finland. The United States Environmental Protection Agency (EPA) rated the Karma’s combined city/highway fuel economy at 52 mpg.
Due to a very small cabin interior volume, the EPA rated the Fisker Karma as a subcompact.
After missing its initial late 2009 launch, and after the launch was rescheduled several times, the first deliveries took place in the U.S. in late July 2011, and deliveries to retail customers began in November 2011. Pricing in the U.S. started at US$102,000 for the basic model, and US$116,000 for the top model.Around 1,800 units were delivered in North America and Europe through December 2012.
Production was suspended in November 2012 due to financial difficulties, with about 2,450 Karmas built since 2011. After furloughing its US workers in late March 2013, Fisker Automotive filed for bankruptcy in November 2013, after the U.S. Department of Energy auctioned its debt and sold it to Hybrid Technology LLC for US$25 million