RIP Polestar
www.telegraph.co.uk
Why Volvo has pulled the plug on its electric car brand
Polestar remains stuck in the red as battery-powered vehicles lose their illustrious shine
The HARD TRUTH about EVs
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RIP Polestar
Why Volvo has pulled the plug on its electric car brand
Polestar remains stuck in the red as battery-powered vehicles lose their illustrious shine
Battery tech is a dead end tech.
Idkw people can’t see this.
Money and power.
Australian Green Insanity using the same emission rule backdoor ban of ICE.
Hertz Global hits the brakes on EV plans with Polestar Automotive
Feb. 05, 2024 7:41 AM ETPolestar Automotive Holding UK PLC (PSNY) StockTSLA, HTZBy: Clark Schultz, SA News Editor
Smith Collection/Gado/Archive Photos via Getty Images
Polestar Automotive Holding UK PLC (NASDAQ:PSNY) fell in early trading on Monday after Financial Times reported that Hertz Global Holdings (HTZ) paused plans to buy tens of thousands of electric vehicles from the automaker this year. Hertz's head of the electric vehicle brand pointed to a collapse in resale values last year as a major factor in the decision to pull back on EV plans.
Of note, Hertz Global (HTZ) agreed in 2022 to buy 65K Polestar cars over five years and to buy 100K Tesla (TSLA) cars in a push to offer customers EV options. However, a collapse in the resale value of EVs and high repair costs has led to Hertz altering its strategies with Polestar (PSNY) and Tesla (TSLA).
Polestar (PSNY) CEO Thomas Ingenlath told the Financial Times that he had been contacted by Hertz’s chief executive Stephen Scherr last autumn to ask whether he could pause their agreement to buy a certain number of EVs throughout 2024 after the company bought 20K electric vehicles from Polestar (PSNY) in the two-year period of 2022 to 2023. Inglenlath confirmed that Polestar (PSNY) agreed to waive Hertz's (HTZ) requirement to buy its allocated number of cars in return for the rental car giant agreeing not to sell current Polestar vehicles held in inventory either too early or too cheaply.
Tesla owner pulled over and ticketed while using VR set.
A user named Dante took to X, previously known as Twitter, to share a video of himself driving a Tesla with the Apple Vision Pro covering his eyes, on Friday, the same day the headset was released.
The brief clip showed Dante driving down a highway, visibly interacting with a screen visible only through the virtual headset, while his hands are off the wheel.
The video abruptly transitioned to Dante being pulled over by the police, with lights flashing behind him as he sits in a parking lot.
A user named Dante took to X, previously known as Twitter, to share a video of himself driving a Tesla with the Apple Vision Pro covering his eyes, on Friday, the same day the headset was released.
The brief clip showed Dante driving down a highway, visibly interacting with a screen visible only through the virtual headset, while his hands are off the wheel.
The video abruptly transitioned to Dante being pulled over by the police, with lights flashing behind him as he sits in a parking lot.
Hertz Global hits the brakes on EV plans with Polestar Automotive
Feb. 05, 2024 7:41 AM ETPolestar Automotive Holding UK PLC (PSNY) StockTSLA, HTZBy: Clark Schultz, SA News Editor
Smith Collection/Gado/Archive Photos via Getty Images
Polestar Automotive Holding UK PLC (NASDAQ:PSNY) fell in early trading on Monday after Financial Times reported that Hertz Global Holdings (HTZ) paused plans to buy tens of thousands of electric vehicles from the automaker this year. Hertz's head of the electric vehicle brand pointed to a collapse in resale values last year as a major factor in the decision to pull back on EV plans.
Of note, Hertz Global (HTZ) agreed in 2022 to buy 65K Polestar cars over five years and to buy 100K Tesla (TSLA) cars in a push to offer customers EV options. However, a collapse in the resale value of EVs and high repair costs has led to Hertz altering its strategies with Polestar (PSNY) and Tesla (TSLA).
Polestar (PSNY) CEO Thomas Ingenlath told the Financial Times that he had been contacted by Hertz’s chief executive Stephen Scherr last autumn to ask whether he could pause their agreement to buy a certain number of EVs throughout 2024 after the company bought 20K electric vehicles from Polestar (PSNY) in the two-year period of 2022 to 2023. Inglenlath confirmed that Polestar (PSNY) agreed to waive Hertz's (HTZ) requirement to buy its allocated number of cars in return for the rental car giant agreeing not to sell current Polestar vehicles held in inventory either too early or too cheaply.
Residual fleet equity value is the most significant asset on a rental company's balance sheet. The upside down hockey stick depreciation curve of EVs is incompatible. How many quarter's earnings will be required to make up for Hertz's EV folly?
The coping is strong on Seeking Alpha, the true believers literally believe that Hertz is lying about how bad EV's are.
Copper theft from EV chargers and wind farms! starting to ramp up. Seattle asking people to stay in car while public charging to deter the thieves! Funny how copper thieves hitting wind farms hasn't made the news.
Electric van maker once valued at £10bn collapses into administration
Arrival appoints EY to find a buyer after shares delisted from Nasdaq following 99.9pc plunge
Tesla owner pulled over and ticketed while using VR set.
A user named Dante took to X, previously known as Twitter, to share a video of himself driving a Tesla with the Apple Vision Pro covering his eyes, on Friday, the same day the headset was released.
The brief clip showed Dante driving down a highway, visibly interacting with a screen visible only through the virtual headset, while his hands are off the wheel.
The video abruptly transitioned to Dante being pulled over by the police, with lights flashing behind him as he sits in a parking lot.
Ok, but an F-35 or even AH-64 style HUD would be cool as hell.
Mr. Bean (actor) blamed by the UK government for 50% drop in forecast market penetration by EV's.
Separately, EU considering repair ban on any ICE 15 years and older.
Separately, EU considering repair ban on any ICE 15 years and older.
How about state troopers? What if their battery is getting low while they are chasing a suspect for some crime? If firetrucks go EV their batteries could run down while a building is still burning. Ambulances could be in a life and death situation and their batteries run down while on the way to a hospital. Any first responders would have a problem while they are out in the bood docks trying to apprehend criminals. EVs inhale excessively (they suck).
Thermoking is definitely an all electric refrigerated unit for box trucks. 40v
They say it’s pairing to an all electric truck
Weird part .. Thermoking wouldn’t tell me the manufacturer of the truck … or the range …
They say it’s pairing to an all electric truck
Weird part .. Thermoking wouldn’t tell me the manufacturer of the truck … or the range …
Most of the Gov, State, and local emergency vehicles, and heavy duty stuff gets to stay just the way they are. YOU have to change your stuff over. The reasons they site to keep their fleet the same, are the exact same reasons we all have.
Don't get me wrong, they sprinkle in a few electric busses, and some other shit. Just to show you they "Care". And speed limiters in cars are coming. So no need for a chase anymore.
MILFORD — The Board of Aldermen voted 14-1 on Monday night to ban electrical vehicle charging stations from underground garages in future developments because of concerns that they are a significant fire hazard.
Arizona regulators vote to repeal state renewable energy target, efficiency rules
Mandate cost ratepayers $2.3 billion: ACC chairman Efficiency rules went into effect in 2010 In a highly unusual move, Arizona utility regulators ordered their staff to draft new rules that would repe
A guy at my health club is really into EVs. He told me last week that he was down to one car and it was an EV, so no more gas stations to worry about. He was proud of this. My reply was "no more road trips, either." It did not seem to occur to him.
