Polestar's EV's are under pressure
6/29/202627 min
American drivers will have one less electric vehicle maker to choose from, with the news that EV company Polestar has been banned from selling in the US.
So why is the Swedish brand seemingly paying the price for its Chinese tech? And what questions does this raise for a booming Australian EV market - packed with Chinese cars?
Meanwhile here at home, a long-time-coming piece of legislation that takes aim at money laundering will introduce added requirements for those working in the property and related industries.
How do these new laws interact with an Australian property market that is currently cooling across much of the country?
Carrington Clarke and ABC News Business Editor Michael Janda break it all down on ABC Business Daily.
You can listen to today's episode of Fuelcast here.
And you can read Daniel Ziffer's piece on new anti-money laundering laws here.
Got a burning business question?
We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au and we'll attempt to answer it.
Clips
Transcript preview
First 90 secondsCarrington Clarke· Host0:00
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Sam Hawley· Soundbite0:05
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Sam Hawley· Soundbite0:33
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Carrington Clarke· Host0:38
American drivers will have one less electric vehicle maker to choose from with the news that EV company Polestar has been banned from selling in the United States. So why is the Swedish brand paying the price for Chinese tech? And what questions does this raise for a booming Australian EV market packed with Chinese cars? Meanwhile, property shows a slight uptick in auction clearance rates, but the market overall continues to cool what to make of these latest numbers. Welcome to ABC Business Daily. [upbeat music] I'm Carrington Clark.
Michael Janda· Guest1:14
And I'm ABC News business editor Michael Janda.
Carrington Clarke· Host1:17
And Michael, I, I found this story really interesting. We've been looking a lot at the take-up of electric vehicles in Australia, which has been supercharged by the global energy crisis,