Polestar invited us up to the hills above Malibu for a drive of its new Single motor RWD Polestar 3, a lower-priced version of the brand’s all-electric SUV.
The RWD Polestar 3 is the new more efficient, longer-range version of the brand’s electric SUV with a lower starting price. It recently started production in the US, and is available now and even being shipped out for export to other markets.
Previous versions of the Polestar 3 were both dual motor – the 489hp Dual motor version and 517hp Dual motor Performance version.
The Single motor version deletes the front motor and uses only the rear motor, with 299hp (the number isn’t exactly half because total horsepower is also a function of the amount of power the battery pack can put out).
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As a result of this, the Single motor version does 0-60 in 7.5 seconds, quite a bit slower than the 4.8 and 4.5 seconds of the other models.
It is however nearly 400lbs lighter after deletion of the front motor, and change to coil spring suspension, rather than air suspension on the upper models – and a lighter weight does have its own performance benefits.
These modifications make the Single motor model much more efficient, with 350 miles of range, compared to 315 miles for the Dual motor and 279 miles for the Performance version. All three models use the same hefty 111kWh battery, with the same 250kW peak DC charging rate, capable of charging from 10-80% in 30 minutes.
Polestar called the Single motor 3 “the most efficient Polestar yet” in its presentation to us, which didn’t sound right for an SUV – but it turns out, it does have the same ~350Wh/mi energy consumption rating as the smaller Polestar 2 and 4.
It also shaves nearly $6k off the price, starting at $67,500, compared to $73,400 for the Dual motor or $79,400 for the Performance model.
But how do those differences feel in the real world?
We had a couple hours with the Single motor car, and only a very short drive up and down PCH with the Dual motor Performance as a quick back-to-back comparison. We didn’t get a chance to charge the cars, or to do any sort of realistic range testing.
But we did definitely feel the huge difference in power between these models.
The Performance version predictably has pretty bonkers levels of power, and will really throw your head back when in performance mode.
The Single motor version is much more sedate by comparison. It still has snappy throttle response like one would expect of an electric car, but power was much weaker, especially at higher speeds.
As a result, merging performance was not as exceptional as in other EVs. One great thing about instant torque is that it makes it very easy to get exactly where you want to be, when you want to be there during merges or lane changes.
Regenerative braking also could be stronger. Less motor power also means less regen capacity, and while Polestar did retune regenerative braking for the Single motor version, it didn’t quite feel strong enough to me. I like very strong off-throttle regen, but found myself hitting the brake pedal much more than I’d have liked. Regen is adjustable, but even on the strongest level, I’d have liked more.
However, perhaps unexpectedly, I might have even liked the feel of the throttle more on the Single motor than the Performance. I’ll attempt to explain why.
One thing that Dual motor vehicles often do is put one of the two motors “asleep” when traveling at a consistent speed in order to increase efficiency. Then when power is called for, the car wakes up the second motor.
On the Performance model, if you have “performance” mode turned off, this wakeup takes a second or so, which means pressing the accelerator leads to a ramp-up effect in power delivery. The car’s software smooths this out, but it still feels a little strange.
If “performance” mode is turned on, both motors are always powered – so there’s no ramp-up effect, just unbridled power. But in that case, the car has so much power that it can feel a little jumpy on the throttle.
Meanwhile, with the single motor version, there is no sleeping of the motor, but since the motor is weaker, rough throttle inputs from the driver’s foot are mediated by the fact that there simply isn’t as much power there to jerk you around.
As a result, the Single motor ends up giving a more sedate, but more comfortable driving or riding experience.
On roads as twisty as the ones we drove on, I’ve had poor drive experiences in the past with co-drivers who are perhaps less accustomed to the instant torque of an EV and have a shaky throttle foot. But this time that wasn’t an issue at all – probably due partially to the EV experience of my co-driver, and also partially due to the Single motor’s more sedate character.
Now, the Single motor version’s coil suspension should stand to offer less ride comfort than the air suspension of the Dual motor, but we found no particular discomfort with the new coil suspension system.
We had a lot more time with the Single motor than the Dual, and our time with the Dual was on a smooth section of PCH rather than the curvy mountain roads we spent most of our time on, but I will say that both driving and riding in the Single motor was a plenty comfortable experience.
For comparison, I do not like the suspension in the Polestar 2, so either version of the Polestar 3 is a superior experience to that one.
Other aspects of the Polestar 3 Single motor are the same as the Dual motor version which we’ve reviewed before. For some quick takes on the rest:
The seats are comfortable but I felt the cockpit was maybe a little crowded. I do like the Scandinavian-style sparseness of Tesla cockpits by comparison, and Tesla out-Scandinavian’d the Scandinavians here. If the Tesla cockpit is just a bit too sparse for you, then maybe this will provide the balance you want.
The user interface is good and snappy, with occasional small hiccups (for example, it took maybe a second to load the page with mirror adjustments on it). I’ve experienced one really rough UI in a Polestar before, in a pre-production version of the 4, and this interface does not exhibit the difficulties of that one.
We didn’t get a chance to test any driver assist features, other than lane departure warning, which had a fairly well-balanced intervention level. I do think it’s easy to get this wrong and make the interventions too light or too strong, and this car’s worked pretty well but was perhaps slightly lighter than I’d like.
Can I just point out how much I love this front wing design feature? It reduces frontal area and improves efficiency, adds character, and leverages a benefit that EVs have (smaller engine compartment) to give the car a practical benefit (the Dodge Charger Daytona has a similar front wing, and I love it there too).
It’s not cheap though. The $6k in savings when compared to the Dual motor version are definitely appreciated, but $67,500 is still a steep starting price
Overall, the Polestar 3 Single motor offered a smooth and comfortable ride experience as driver or passenger. If you’re looking at the Polestar 3 but prioritize comfort, efficiency and savings, this new base model offers a compelling package for anyone who knows they won’t be hitting a track or drag strip anytime soon.
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Robinhood stock hit an all-time high Friday as the financial services platform continued to rip higher this year, along with bitcoin and other crypto stocks.
Robinhood, up more than 160% in 2025, hit an intraday high above $101 before pulling back and closing slightly lower.
The reversal came after a Bloomberg report that JPMorgan plans to start charging fintechs for access to customer bank data, a move that could raise costs across the industry.
For fintech firms that rely on thin margins to offer free or low-cost services to customers, even slight disruptions to their cost structure can have major ripple effects. PayPal and Affirm both ended the day nearly 6% lower following the report.
Despite its stellar year, the online broker is facing several headwinds, with a regulatory probe in Florida, pushback over new staking fees and growing friction with one of the world’s most high-profile artificial intelligence companies.
Florida Attorney General James Uthmeier opened a formal investigation into Robinhood Crypto on Thursday, alleging the platform misled users by claiming to offer the lowest-cost crypto trading.
“Robinhood has long claimed to be the best bargain, but we believe those representations were deceptive,” Uthmeier said in a statement.
The probe centers on Robinhood’s use of payment for order flow — a common practice where market makers pay to execute trades — which the AG said can result in worse pricing for customers.
Robinhood Crypto General Counsel Lucas Moskowitz told CNBC its disclosures are “best-in-class” and that it delivers the lowest average cost.
“We disclose pricing information to customers during the lifecycle of a trade that clearly outlines the spread or the fees associated with the transaction, and the revenue Robinhood receives,” added Moskowitz.
Robinhood is also facing opposition to a new 25% cut of staking rewards for U.S. users, set to begin October 1. In Europe, the platform will take a smaller 15% cut.
Staking allows crypto holders to earn yield by locking up their tokens to help secure blockchain networks like ethereum, but platforms often take a percentage of those rewards as commission.
Robinhood’s 25% cut puts it in line with Coinbase, which charges between 25.25% and 35% depending on the token. The cut is notably higher than Gemini’s flat 15% fee.
It marks a shift for the company, which had previously steered clear of staking amid regulatory uncertainty.
Under President Joe Biden‘s administration, the Securities and Exchange Commission cracked down on U.S. platforms offering staking services, arguing they constituted unregistered securities.
With President Donald Trump in the White House, the agency has reversed course on several crypto enforcement actions, dropping cases against major players like Coinbase and Binance and signaling a more permissive stance.
Even as enforcement actions ease, Robinhood is under fresh scrutiny for its tokenized stock push, which is a growing part of its international strategy.
The company now offers blockchain-based assets in Europe that give users synthetic exposure to private firms like OpenAI and SpaceX through special purpose vehicles, or SPVs.
An SPV is a separate entity that acquires shares in a company. Users then buy tokens of the SPV and don’t have shareholder privileges or voting rights directly in the company.
OpenAI has publicly objected, warning the tokens do not represent real equity and were issued without its approval. In an interview with CNBC International, CEO Vlad Tenev acknowledged the tokens aren’t technically equity shares, but said that misses the broader point.
“What’s important is that retail customers have an opportunity to get exposure to this asset,” he said, pointing to the disruptive nature of AI and the historically limited access to pre-IPO companies.
“It is true that these are not technically equity,” Tenev added, noting that institutional investors often gain similar exposure through structured financial instruments.
The Bank of Lithuania — Robinhood’s lead regulator in the EU — told CNBC on Monday that it is “awaiting clarifications” following OpenAI’s statement.
“Only after receiving and evaluating this information will we be able to assess the legality and compliance of these specific instruments,” a spokesperson said, adding that information for investors must be “clear, fair, and non-misleading.”
Tenev responded that Robinhood is “happy to continue to answer questions from our regulators,” and said the company built its tokenized stock program to withstand scrutiny.
“Since this is a new thing, regulators are going to want to look at it,” he said. “And we expect to be scrutinized as a large, innovative player in this space.”
SEC Chair Paul Atkins recently called the model “an innovation” on CNBC’s Squawk Box, offering some validation as Robinhood leans further into its synthetic equity strategy — even as legal clarity remains in flux across jurisdictions.
Despite the regulatory noise, many investors remain focused on Robinhood’s upside, and particularly the political tailwinds.
The company is positioning itself as a key beneficiary of Trump’s newly signed megabill, which includes $1,000 government-seeded investment accounts for newborns. Robinhood said it’s already prototyping an app for the ‘Trump Accounts‘ initiative.
Korean auto giants Hyundai and Kia think lower-priced EVs will help minimize the blow from the new US auto tariffs. Hyundai is set to unveil a new entry-level electric car soon, which will be sold alongside the Kia EV2. Will it be the IONIQ 2?
Hyundai and Kia shift to lower-priced EVs
Hyundai and Kia already offer some of the most affordable and efficient electric vehicles on the market, with models like the IONIQ 5 and EV6.
In Europe, Korea, Japan, and other overseas markets, Hyundai sells the Inster EV (sold as the Casper Electric in Korea), an electric city car. The Inster EV starts at about $27,000 (€23,900), but Hyundai will soon offer another lower-priced EV, similar to the upcoming Kia EV2.
The Inster EV is seeing strong initial demand in Europe and Japan. According to a local report (via Newsis), demand for the Casper Electric is so high that buyers are waiting over a year for delivery.
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Hyundai is doubling down with plans to introduce an even more affordable EV, rumored to be the IONIQ 2. Xavier Martinet, CEO of Hyundai Motor Europe, said during a recent interview that “The new electric vehicle will be unveiled in the next few months.”
Hyundai Casper Electric/ Inster EV models (Source: Hyundai)
The new EV is expected to be a compact SUV, which will likely resemble the upcoming Kia EV2. Kia will launch the EV2 in Europe and other global regions in 2026.
Hyundai is keeping most details under wraps, but the expected IONIQ 2 is likely to sit below the Kona Electric as a smaller city EV.
Kia Concept EV2 (Source: Kia)
More affordable electric cars are on the way
Although nothing is confirmed, it’s expected to be priced at around €30,000 ($35,000), or slightly less than the Kia EV3.
The Kia EV3 starts at €35,990 in Europe and £33,005 in the UK, or about $42,000. Through the first half of the year, Kia’s compact electric SUV is the UK’s most popular EV.
Kia EV3 (Source: Kia)
Like the Hyundai IONIQ models and Kia’s other electric vehicles, the EV3 is based on the E-GMP platform. It’s available with two battery packs: 58.3 kWh or 81.48 kWh, providing a WLTP range of up to 430 km (270 miles) and 599 km (375 miles), respectively.
Hyundai is expected to reveal the new EV at the IAA Mobility show in Munich in September. Meanwhile, Kia is working on a smaller electric car to sit below the EV2 that could start at under €25,000 ($30,000).
Kia unveils EV4 sedan and hatchback, PV5 electric van, and EV2 Concept at 2025 Kia EV Day (Source: Kia)
According to the report, Hyundai and Kia are doubling down on lower-priced EVs to balance potential losses from the new US auto tariffs.
Despite opening its new EV manufacturing plant in Georgia to boost local production, Hyundai is still expected to expand sales in other regions. An industry insider explained, “Considering the risk of US tariffs, Hyundai’s move to target the European market with small electric vehicles is a natural strategy.”
2025 Hyundai IONIQ 5 (Source: Hyundai)
Although Hyundai is expanding in other markets, it remains a leading EV brand in the US. The IONIQ 5 remains a top-selling EV with over 19,000 units sold through June.
After delivering the first IONIQ 9 models in May, Hyundai reported that over 1,000 models had been sold through the end of June, its three-row electric SUV.
While the $7,500 EV tax credit is still here, Hyundai is offering generous savings with leases for the 2025 IONIQ 5 starting as low as $179 per month. The three-row IONIQ 9 starts at just $419 per month. And Hyundai is even throwing in a free ChargePoint Home Flex Level 2 charger if you buy or lease either model.
Unfortunately, we likely won’t see the entry-level EV2 or IONIQ 2 in the US. However, Kia is set to launch its first electric sedan, the EV4, in early 2026.
Ready to take advantage of the savings while they are still here? You can use our links below to find deals on Hyundai and Kia EV models in your area.
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As EVBox shuts down its Everon business across Europe and North America, EV charging provider Blink Charging is stepping up to offer support to customers caught in the transition.
EVBox’s software arm Everon recently announced it’s winding down operations alongside EVBox’s AC charger business. That’s left a lot of charging station hosts and drivers wondering what comes next. Now, EVBox Everon is pointing its customers toward Blink as a recommended alternative.
Blink says it’s ready to help, whether that means keeping existing chargers up and running or replacing aging gear with new Blink chargers.
“EVBox has played a significant role in the growth of EV charging infrastructure across the UK and Mainland Europe, and we recognize the trust hosts have placed in its solutions,” said Alex Calnan, Blink Charging’s managing director of Europe. “With the recent announcement of Everon’s withdrawal from the EV charging market, it’s natural to have questions about what this means for operations. At Blink, we want to assure Everon customers that we are here to help them navigate this transition.”
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Blink says it’s able to offer advice, replacements, and ongoing network management to make the changeover as smooth as possible.
Everon users who switch to Blink will get access to the Blink Network portal via the Blink Charging app. That opens up real-time insight into charger usage and lets hosts set pricing, manage users, and download performance reports.
“At Blink, our charging technology is future-ready,” added Calnan. “With advancements like vehicle-to-grid technology on the horizon, our chargers are built to support the future of electric vehicles and charging habits.”
The company says its chargers are in stock and ready to ship now for any Everon customers looking to make the jump.
In October 2024, France’s Engie announced it would liquidate the entire EVBox group, which it said posted total losses of €800 million since Engie took over in 2017. EVBox is closing its operations in the Netherlands, Germany, and the US.
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