Karma Automotive, based in 2014, is a southern California based mostly producer of luxurious electrical vehicles. Headquartered in Irvine, California with a manufacturing facility positioned in Moreno Valley, Karma sells automobiles through its vendor community in North America, Europe, South America and the Middle East. Karma’s Innovation and Customization Center, which opened in 2017 provides world-class engineering, design, customization, and manufacturing companies along with electrification platforms. In 2021 Karma announced the GS-6 Series which include both an extended-range series hybrid EV and their first-ever all-electric vehicle.
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In 2007, there were about 806 million automobiles and light vehicles on the highway, consuming over 980 billion litres of gasoline and diesel gas yearly. The car is a main mode of transportation for many developed economies. The Detroit branch of Boston Consulting Group predicted that, by 2014, one-third of world demand could be in the 4 BRIC markets . Meanwhile, in the developed international locations, the automotive industry has slowed. It is also expected that this development will continue, especially because the youthful generations of individuals now not want to personal a automobile anymore, and like other modes of transport.
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