Legendary car designer Henrik Fisker is releasing an electric car in 2017

2012 Karma Shadow with Henrik Fisker and Bernhard KoehlerFisker AutomotiveHenrik Fisker with the Karma.

Legendary car designer Henrik Fisker is back in the electric car business.

Fisker will release an electric car by the end of 2017, Bloomberg reported. The news doesn’t necessarily come as a surprise, as Fisker told Business Insider in July he was interested in building an electric car, as well as cars with autonomous features.

Per the Bloomberg article, there’s no mention of autonomous features, but Fisker says his new electric car will have a ranger greater than 400 miles.

That’s a pretty tall order considering the longest EV range currently belongs to Tesla, which recently announced an upgrade for its Model S with Ludicrous mode that gets it a range of 315 miles on a single charge. The Chevy Bolt, slated to arrive by the end of 2016, has a range of 238 miles.

But Fisker is claiming the new electric car will have “industry-leading battery life that will potentially match the life of the vehicle.” There’s no word yet on price or what it will look like, but Fisker says it will pave the path for a more affordable, $40,000 electric car in subsequent years — borrowing a page out of the Tesla playbook.

Fisker karmaFisker AutomotiveThe Fisker Karma

Fisker was involved in the initial design phase of the Tesla Model S, later breaking off to create the Fisker Karma — a $100,000 luxury hybrid sedan. When Fisker broke off to design the Karma, Tesla filed a suit alleging he copied some of Tesla’s technological innovations for the Karma.

An arbitrator eventually ruled in favour of Fisker. Fisker’s company behind the Karma, Fisker Automotive, went bankrupt in 2011.

Fisker has also designed for BMW, Ford, and Aston Martin.

In January, he unveiled his $270,000 supercar called the Force 1. That car is being built by VLF Automotive, formerly known as VL automotive before Fisker came onboard to add the F, in Detroit. Force 1 production began in August.

But Fisker’s electric car will be built under the newly minted Fisker Inc.

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