Major Electric Vehicle Company Promoted by Biden Declares Bankruptcy

Proterra, the California-based electric vehicle (EV) company that was touted by President Joe Biden, has filed for bankruptcy.

A battery-powered electric bus made by Proterra drives along a street in Miami, Fla., on Feb. 2, 2023. Joe Raedle/Getty Images

Proterra, the California-based electric vehicle (EV) company touted by President Joe Biden, has filed for bankruptcy.

The company, which made electric buses and parts for EVs, cited “various market and macroeconomic headwinds” in announcing on Aug. 8 that it was filing for Chapter 11 bankruptcy protection.