Blaming “headwinds” in the electric vehicle industry, an electric bus company promoted over and over by Joe Biden has fallen into Chapter 11 bankruptcy.
According to a report from Fox News, the troubled company is Proterra, of California, whose CEO Gareth Joyce claimed, “While our best-in-class EV and battery technologies have set an industry standard, we have faced various market and macroeconomic headwinds, that have impacted our ability to efficiently scale all of our opportunities simultaneously.”
He said his company wants to sharpen “our focus as a leading EV battery technology supplier for the benefit of our many stakeholders”
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