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flag Fisker Ocean EVs, once luxury cars, now serve as NYC ride-share taxis after company collapse, plagued by software issues and low resale value.

flag Fisker Ocean electric SUVs, once luxury vehicles, are now widely used as ride-share taxis in New York City after the company’s 2023 collapse. flag Around 3,000 unsold vehicles were acquired cheaply by American Lease and leased to drivers for about $65 weekly. flag They now make up roughly 1,800 of New York’s 105,000 ride-share and taxi vehicles. flag However, many suffer from persistent software issues, including failed updates that render them inoperable, due to lack of manufacturer support. flag This has driven resale values down to about $13,000—less than a third of original prices. flag The failure highlights risks for consumers choosing new electric vehicle brands, especially those from independent importers, as industry leaders warn of potential future collapses amid market growth.

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