When Fisker Automotive won heaps of praise from Vice President Joe Biden and a $529 million loan from the U.S. government, officials touted the Karma luxury sedan as getting up to 100 miles a gallon, going 50 miles on a full battery charge and offering "supercar" performance. None of those targets were met — but Fisker's moving ahead, your tax dollars in hand. The news of Fisker's shortfalls in its mileage targets announced yesterday was the latest in a series of misses since designer Henrik Fisker unveiled his concept in 2008.

While the actual electric range and fuel economy numbers of the Karma — 32 miles of electric-only range, a 52 mpg-e overall rating and only 20 mpg when its 2-liter GM turbo engine is on — surprised many, they weren't shocking to auto industry observers who've noted the Karma was not just an expensive electric sedan, but also the largest and heaviest one to date. Early prototypes were hidden with bodies of Chevy Silverado crew cab pickups, and the Karma tips the scale at roughly 5,300 lbs. unloaded, thanks to 22 kWh of batteries stored under the floor.

The figures — along with performance results that now peg the Karma's 0-60 time at an un-supercar 6.3 seconds — were enough to convince one long-awaiting Fisker customer to consider asking for his deposit back on the $97,000 sedan: I ordered this car because I wanted an eco-friendly ride that didn't suck. But this car isn't seeming so eco-friendly right now since my Aston gets the same MPG on gas. Plus, the crappy tires that wear out in a year, and the 0-60 has been downgraded to 6.3 seconds. It just gets worse and worse every day that this drags on... sooo... disappointed.

Fisker, who counts among its early investors and customers former Vice President Al Gore, was able to use its government loan as a selling point to private investors who have since pitched in an additional $500 million; the company is raising an additional $150 million.