Author: Stephen Edelstein

Fisker pauses production, with glut of undelivered EVs

2023 Fisker Ocean pre-production at Magna Steyr plant in Graz, AustriaFisker has paused production of its Ocean electric SUV for six weeks as it seeks to draw down inventory and secure additional financing. To the funding point, Fisker confirmed Monday that it has secured "a financing commitment from an existing investor" of up to $150 million. The company has about 4,700 vehicles in inventory worth about $200...

Mercedes EV range run shows gains from heat pump, solar roof

Mercedes-Benz Vision EQXX desert runThe Mercedes-Benz Vision EQXX has completed another efficiency run—this time in the Arabian desert. The EQXX has managed two previous long trips on a single charge—previously covering 746 miles from Stuttgart, Germany, to the Silverstone racetrack in the U.K. on the second trip. The focus of this third trip, in which the EQXX covered...

Gen X, Millennials buy the most EVs, as Boomers dominate policy

2024 Hyundai Ioniq 6Gen X and Millennials tend to buy more EVs than Baby Boomers, but the older generation is still in control of EV policy, a pair of recent studies show. Experian's fourth quarter 2023 Automotive Market Trends report, released Thursday, noted that 9.4% of new vehicles purchased by Gen X in 2023 were electric. Gen X purchased the most new vehicles of...