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Polestar (PSNY) strengthened its financial position in Q4 as the Swedish EV maker enters an exciting year with two new electric vehicle launches.

The company’s fourth-quarter earnings are a breath of fresh air compared to most upcoming EV makers we’ve covered, with narrowing losses and surging revenues.

Polestar Q4 financial results

Polestar released its fourth quarter earnings and full-year 2022 earnings results Thursday, March 2 before market opening, highlighting a solid end to the year with slimming losses and higher-than-expected sales.

After beating its goal and delivering 51,491 cars last year, the Swedish EV marker reported revenue of $2.5 billion last year, up 84% from 2021 and exceeding Wall Street expectations of $2.4 billion.

Perhaps, more importantly, Polestar cut its losses in half last year (a rarity these days) with a net loss of $465 million, compared to over $1 billion in 2021.

Polestar says a higher gross profit of $118.5 million was due to rising Polestar 2 sales and lower fixed manufacturing costs.

Polestar-Q4-2022-earnings
Polestar Q4 and full-year 2022 earnings (Source: Polestar)

In Q4, revenue swelled to $985.2 million on the back of Polestar’s first fully electric car. The company ended the year with nearly $1 billion in liquidity as it moves to expand its presence globally.

CEO Thomas Ingenlath expects the momentum to continue with an “exciting year” ahead in 2023, as he explained on the company’s earnings call.

A big year for Polestar

Polestar aims for 80,000 vehicle deliveries in 2023, an increase of around 60% from this past year.

The company launched a major update to the 2024 Polestar 2 with a new high-tech front end, more powerful electric motors and batteries, and additional rear-wheel-drive.

Polestar continues building its brand in the US, but as Ingenlath explains on the company’s earnings call, although you may not see as many Polestar vehicles in the US as brands like Rivian or Lucid, the brand is global and can be found in places these EV makers have not entered yet.

Polestar has an advantage over other upcoming EV markers like Rivian with the “agility of a startup” and “stability of established players” from parent companies Volvo and Geely.

Rather than building costly new electric vehicle manufacturing plants like other startups, Polestar can convert existing factories, such as the one opened by Volvo in Ridgeville, SC, where the Polestar 3 will be built.

The Polestar 3, the company’s first electric SUV, debuted in October with over 300 miles range. The electric SUV is expected to play a key role in expanding the Polestar brand, with deliveries expected by the end of the year.

In addition, Polestar is launching an electric performance SUV coupe this year, the Polestar 4, poised to take on top EVs in the segment like the Tesla Model Y.

Next year, Polestar will follow it up with an electric performance 4-door GT, the Polestar 5.

Polestar stock is up over 20% following its Q4 release after falling over 50% in the past 12 months as investors digest the news.

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Amid affordability crisis, White House unveils its plan to raise your fuel costs

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Amid affordability crisis, White House unveils its plan to raise your fuel costs

The White House formally announced its plan to hike US fuel costs by $23 billion today, in the form of a new proposed rule cutting fuel efficiency requirements.

Update 12/3: This article has been updated to reflect the formal announcement of the proposed rule.

Since the beginning of this year, the occupants of the White House have been on a mission to raise costs for Americans.

This mission has encompassed many different moves, most notably through unwise tariffs.

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But another effort has focused on changing policy in a way that will raise fuel costs for Americans, adding to already-high energy prices.

The specific rollback today focuses on a rule passed under President Biden which would save Americans $23 billion in fuel costs by requiring higher fuel economy from auto manufacturers. By making cars use less fuel on average, Americans would not only save money on fuel, but reduce fuel demand which means that prices would go down overall.

The effort to roll back this rule was initially announced on the first day that Sean Duffy started squatting in the head office of the Department of Transportation. Duffy notably earned his transportation expertise by being a contestant on Road Rules: All Stars, a reality TV travel game show.

Then in June, Duffy formally reinterpreted the Corporate Average Fuel Economy (CAFE) standard, claiming falsely that his department does not have authority to regulate fuel economy.

Republicans in Congress even got into effort to raise your fuel costs, as part of their ~$4 trillion giveaway to wealthy elites included a measure to make CAFE rules irrelevant by setting penalties for violating them to $0. In addition, it eliminated a number of other energy efficiency and domestic advanced manufacturing incentives.

Duffy’s department then told automakers that they would not face any fines retroactively to 2022, which saved the automakers (mostly Stellantis) a few hundred million dollars and cost American consumers billions in fuel costs.

Today, Duffy formally announced the proposed changes to the CAFE rules, lowering the required fuel economy for 2022-2031 model year vehicles, even despite all of the other changes in trying to make the rules unenforceable. The theory behind this would be to make it harder to later enforce the rules, and to allow automakers to get off with more pollution, and to increase fuel demand and fuel prices for longer until a real government returns to power and starts doing its job to regulate pollution.

Specifically, the announcement changes the planned 2031 50.5 mpg target to 34.5 mpg, cutting vehicle efficiency by nearly a third, which will lead to a commensurate increase in your fuel costs.

CAFE targets have been in place since the 1970s. In the last two decades, they helped drive a 30% improvement in average fuel economy, saving an average of $7,000 over the lifetime of an average vehicle – and they did this without increasing vehicle prices.

Rollback supported by auto CEOs who want to increase your costs

Today’s announcement was praised by the CEOs of the Big Three American automakers – GM, Ford, and Stellantis (formerly Chrysler). Ford CEO Jim Farley and Stellantis CEO Antonio Filosa attended the announcement at the White House, along with a manager from GM, though Barra signaled her support while speaking at another event.

Despite both Barra and Farley recently making statements claiming their support for electric vehicles, both cravenly supported the rollback in fuel economy standards that will cost you more money at the pump.

Barra said today that “I’m always going to advocate for one national standard and making sure regulatory requirements don’t get in front of the consumer,” despite the fact that GM lobbied against the single national standard that had been agreed to between Obama and California, and that today’s move only increases the gulf between the federal government and California on auto standards.

And Farley, despite acknowledging that the Chinese are trouncing us on EVs, said today that “we can make real progress on carbon emissions and energy efficiency while still giving customers choice and affordability,” which is detached from reality given that today’s moves will reduce affordability and efficiency and increase carbon emissions.

Their support suggests that their prior commitments to energy efficiency and electrification were not serious, as they are now joining in an effort to increase your fuel costs, just to save themselves a few engineering dollars on having to provide something other than the disgusting, deadly land yachts that are a blight on the nation’s roads and are murdering pedestrians at a 50-year high.

This isn’t the only way the White House is trying to raise your costs

Today’s announcement is just one many efforts currently being undertaken by executive departments to try to raise your fuel costs.

One of the largest is the EPA’s attempt to delete the “Endangerment Finding,” the government’s recognition of the scientific fact that climate change is dangerous to humans. The EPA is undertaking this effort so that it can then eliminate other rules intended to reduce pollution, with the goal of making you more beholden to fossil fuels.

Even the Energy Department’s own numbers, signed off on by oil shill Chris Wright, say that changes sought by the White House will increase gas prices by $.76/gal.

Like most other governmental changes, today’s change will likely go up for public comment, as required by the Administrative Procedures Act. We’ll let you know when it does.


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Hyundai keeps IONIQ 5 EV leases affordable at just $189 a month

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Hyundai keeps IONIQ 5 EV leases affordable at just 9 a month

Hyundai is keeping one of the most affordable EV lease deals alive with the IONIQ 5 still available for just $189 a month through December.

What EV deals does Hyundai offer in December?

It’s hard to find any vehicle available to lease for under $200 a month nowadays. The IONIQ 5 is not only one of the most affordable electric vehicles in the US, but also one of the most efficient, fastest-charging, and overall practical options if you’re looking to go electric.

After a major refresh for the 2025 model year, Hyundai’s electric SUV now features a driving range of up to 318 miles, a sharp new look inside and out, and a built-in NACS port so you can recharge at Tesla Superchargers.

Hyundai slashed prices on the 2026 model year by up to $9,800 to compensate for the loss of the federal tax credit, which expired at the end of September. It’s now one of the few EVs with a starting price under $35,000.

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Hyundai-IONIQ-5-EV-lease-deal
The Hyundai IONIQ 5 (Source: Hyundai)

Although many were worried the savings would disappear, Hyundai is keeping the deals alive with discounts across its entire EV lineup this December.

Hyundai is extending the $189-per-month IONIQ 5 lease offer through January 2, 2026. The deal is for the 2025 Hyundai IONIQ 5 SE Standard Range model with a driving range of 245 miles.

Hyundai-IONIQ-5-interior
Hyundai IONIQ 5 Limited interior (Source: Hyundai)

You can still upgrade to the long-range SE RWD trim, with up to 318 miles of driving range, for just $199 per month. Or, if you’re really looking to get crazy, the souped-up XRT model is on sale for only $289 per month.

Hyundai’s lease offer is for 36 months with $3,999 due at signing. If you’re looking to finance, Hyundai is offering 0% APR financing for up to 60 months on all 2025 IONIQ 5 trims.

Hyundai IONIQ 5 Trim Driving Range (miles) 2025 Starting Price 2026 Starting Price* Price Reduction
IONIQ 5 SE RWD Standard Range 245 $42,600 $35,000 ($7,600)
IONIQ 5 SE RWD 318 $46,650 $37,500 ($9,150)
IONIQ 5 SEL RWD 318 $49,600 $39,800 ($9,800)
IONIQ 5 Limited RWD 318 $54,300 $45,075 ($9,225)
IONIQ 5 SE Dual Motor AWD 290 $50,150 $41,000 ($9,150)
IONIQ 5 SEL Dual Motor AWD 290 $53,100 $43,300 ($9,800)
IONIQ 5 XRT Dual Motor AWD 259 $55,500 $46,275 ($9,225)
IONIQ 5 Limited Dual Motor AWD 269 $58,200 $48,975 ($9,225)
2025 vs 2026 Hyundai IONIQ 5 prices and range by trim

The 2026 Hyundai IONIQ 5 is listed for lease starting at $289 a month, or $299 for the longer-ranger SE RWD model.

Looking for something a little bigger? The IONIQ 9, Hyundai’s three-row electric SUV, is available to lease from $419 per month. The offer is also a 36-month lease, but with $4,999 due at signing.

If you’re thinking about going electric, Hyundai’s EV lineup is a great place to start, offering 300+ miles of driving range, sharp designs, and plenty of new tech. Ready to test drive one for yourself? Use the links below to find IONIQ 5, IONIQ 6, and IONIQ 9 models near you.

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Jackery Black Friday Encore sale with up to 65% power station savings + four exclusive lows, Anker robot mowers, more

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Jackery Black Friday Encore sale with up to 65% power station savings + four exclusive lows, Anker robot mowers, more

We’ve got more ongoing holiday savings in today’s Green Deals, headlined by Jackery’s Black Friday/Cyber Monday Encore Sale with up to 65% discounts and bonus savings on power stations – all starting from $79. And for folks looking to score the brand’s Explorer 1000 v2, 2000 v2, 3000 v2, or 5000 Plus – you can find new low and exclusive prices on those standalone units starting from $327. We also have Anker’s eufy E15 and E18 Robot Lawn Mowers retaining their lowest prices starting from $1,300, as well as other deals from Birdfy, Ninja, Camplux, and more waiting for you below. And don’t forget about the hangover deals from the holiday event and this week that are collected together in our Black Friday/Cyber Monday Green Deals hub, which we will continue to update through the rest of the week, like yesterday’s EcoFlow Cyber Week Sale event, the exclusive $1,620 savings to a new low on the EcoFlow DELTA 3 Ultra power station, and more.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Jackery’s Black Friday/Cyber Monday Encore sale continues up to 65% power station discounts + bonus savings from $79

Following the recent holiday shopping rush, Jackery is giving folks more time to save up to 65% on its power stations with its Black Friday/Cyber Monday Encore Sale, complete with 5% (on orders over $1,500) and 7% (on orders over $2,500) extra savings. One notable deal amongst the bunch is the latest HomePower 3600 Plus Portable Power Station bundled with two 200W solar panels for $1,794.55 shippedafter using the code OFFER5 at checkout for an additional 5% off, beating out Amazon’s pricing by $200. This package would run you $3,699 without any discounts, which we first saw drop to this rate (with the extra savings) during the early and full Black Friday sale events, and otherwise kept above $1,994 the rest of the time since its release in September. You’re getting a combined $1,904 savings back to the best price we have tracked. You’ll also find the standalone HomePower 3600 Plus down at its second-lowest $1,614 pricing with the extra savings code. Head below to get the full lineup of deals while they last through the week.

The Jackery HomePower 3600 Plus power station fits neatly in the gap between the HomePower 3000 station (which released shortly before it) and the most expansive Explorer 5000 Plus station. It boasts a capable starting 3,584Wh LiFePO4 capacity that can be bolstered to 21kWh for greater home backup support, with 10 output ports to deliver up to 3,600W of steady power, maxing out a 7,200W.

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Like its HomePower 3000 counterpart, the new HomePower 3600 Plus brings along an expanded list of recharging methods over older legacy models, starting with the standard AC charging that puts it back to full in 2.5 hours. From there, you have the options to use both AC and DC together, plug it up to a gas generator for bypass charging, charge on the go with a car port, or utilize up to its 1,000W maximum solar input.

***Note: None of the prices below have had the extra savings factored in, so be sure to use the code OFFER5 on orders of $1,500 to $2,499 for an additional 5% savings, while orders over $2,500 can use the code OFFER7 to score 7% extra savings.

Jackery’s HomePower 3600 Plus deals:

Jackery’s Black Friday Encore outdoor adventure deals:

Jackery’s Black Friday Encore appliance backup deals:

Jackery’s Black Friday Encore critical load deals:

Jackery solar panel/expansion battery deals:

Jackery’s transfer switch and other deals:

As I pointed out amongst the bracket, folks looking to score Jackery’s Explorer 1000 v2, 2000 v2, HomePower 3000, or Explorer 5000 Plus power stations on their own can do so at the lowest tracked prices with our exclusive deals here – all starting from $327 for an unknown amount of time longer.

Anker eufy E15 robot lawn mower detecting child and dog

Anker’s RTK eufy E15 & E18 robot lawn mowers with pure vision FSD cameras retain holiday lows starting from $1,300

Over at Amazon, Anker’s official eufy storefront is offering continued Black Friday/Cyber Monday savings on its E15 Robot Lawn Mower at $1,299.99 shipped (beating its direct pricing by $500) and its E18 Robot Lawn Mower at $1,499.99 shipped, which matches its direct pricing. These two advanced robots go for $1,800 and $2,000 directly from the brand, but can more often be found at Amazon down around $1,400 on average (for the E15) and between $1,700 and $1,600 (for the E18). These deals are retaining their recent holiday savings, giving you $100 and $200 markdowns from the going rates ($500 off both MSRPs) for the best continuing prices we have tracked.

If you want to learn more about these two robots, be sure to check out our original coverage of these deals here.

Birdfy smart wooden bird house with camera

Enjoy nesting feathered friends with Birdfy’s camera & iron guard-equipped smart wooden bird house at new $100 low

Through its official Amazon storefront, Birdfy is offering its Wooden Smart Bird House with iron guard and inside camera at $99.99 shippedafter clipping the on-page $50 off coupon, which beats out the brand’s direct pricing by $30. Fetching $150 at full price, this model has seen much fewer discounts than other models we’ve featured at 9to5Toys, with discounts having gone as low as $120 before today. Now, you can pick one up for your yard or as a gift for the birder in your life with $50 savings to a new all-time low price.

If you want to learn more about this smart bird house, be sure to check out our original coverage of this deal here.

Ninja FrostVault cooler with food in lower drawer
two men and woman camping with Camplux portable water heater and shower
Four Jackery power stations side by side

Best Fall EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.

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