Fisker (FSR) pushes release of Pear EV until 2025
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Gov. Abbott signs annual EV tax bill into law
May 16, 2023 2:44 PM EDTTexas Governor, Greg Abbot signed Senate Bill 505 into law over the weekend, requiring electric vehicle owners to pay $400 to register a new electric vehicle, on top of other fees. Renewing registration will cost $200.
The purpose of the fee is to guarantee that owners of electric vehicles contribute their fair portion towards highway expenses, typically funded by a 20 cent-per-gallon gas tax paid by owners of gasoline-powered and hybrid vehicles.
The bill passed a vote in the... More
Fisker (FSR) gains following announced production ramp
May 15, 2023 2:07 PM EDTShares of sustainable electric automaker, Fisker (NYSE: FSR) are trading up 3.61% after the EV company released a press release Monday detailing the next phase of EV production as it accelerates its global launch of the electric Fisker Ocean SUV.
Today, Fisker is beginning to gradually ramp-up production, and will continue throughout May and has set a goal to... More
Polestar (PSNY) slashes production guidance and announces job cuts
May 11, 2023 10:00 AM EDTSwedish electric automaker, Polestar Automotive (NASDAQ: PSNY) on Thursday lowered its 2023 production guidance and announced that the company would cut headcount by 10%, citing a delayed production start for its Polestar 3 and a challenging environment for the industry.
The electric vehicle company now expects to produce between 60,000 and 70,000 cars this year, versus... More
