(Manhattan Beach, Calif.) The CEO of Fisker electric vehicles announced that the company will begin producing EVs with full gasoline engines in them to avoid bankruptcy.

“Yes, well, after a year-long market study, we discovered that we will sell a lot more of our Ocean and Pear EVs if we include an internal combustion engine in each model,” said CEO Henrik Fisker. “According to our research, we have a 100-percent better chance of moving EVs as long as they burn gasoline.”

“You might say that seems rather obvious, but to us, it was not,” Fisker continued. “We really believed that Americans were — shall we say, gullible enough — to trade in their affordable, reliable, easily refueled gas-powered vehicles for EVs before they could travel long distances with them and with each vehicle costing as much as a house in the 1990s.

“So now that we’ve made this transition, we fully expect to begin selling a lot more EV models that run on gasoline, thereby avoiding what was certainly going to be a bankruptcy filing within the next couple weeks,” Fisker continued. “And that would have been a huge bummer.”