Bollinger Motors Shuts Down: EV Industry Struggles

Bollinger Motors, a commercial electric truck maker, has officially shut down operations due to financial struggles, including missed payroll periods. This closure follows a trend of electric vehicle companies filing for bankruptcy amidst high inflation and rising interest rates. Bollinger Motors, founded in 2015, initially planned to release an SUV but shifted focus to commercial electric trucks. Despite this pivot, their financial issues persisted, leading to the recent cessation of all business activities. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.