{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/the-ev-startup-boom-is-over-companies-are-now-trying-to-avoid-a-bust/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"The EV startup boom is over. Companies are now trying to avoid a bust.","slug":"the-ev-startup-boom-is-over-companies-are-now-trying-to-avoid-a-bust","createdLocal":"2023-03-17 14:31:02.830012","publishDate":"2023-03-16 07:34:44-04:00","feedName":"Autonomous Vehicle News","sourceUrl":{"sourceUrl":"https://www.autonews.com/automakers-suppliers/ev-startups-are-burning-through-cash-can-they-attract-more-investment"},"postSummary":{"childMarkdownRemark":{"html":"<p>The company acknowledged a truck appearing to cruise down a desert road under its own power in a video was not.\nNikola had about seven months' worth of cash to cover operating expenses as of its latest SEC filing.\nNikola started sales of its battery-electric heavy-duty truck last year and expects to start production on hydrogen fuel cell trucks in the second half of 2023.\n\"You had companies' just outright fraud investigations early on, and that didn't help,\" said Robert Bollinger, the founder and CEO of Bollinger Motors.\nBollinger only just revived its original products, two electric off-road vehicles, and is still waiting to start production of a Class 4 truck.</p>"}}}},"pageContext":{"slug":"the-ev-startup-boom-is-over-companies-are-now-trying-to-avoid-a-bust"}}}