Polestar 3 pricing slashed in the US, lineup expands ahead of launch

Polestar has significantly adjusted the pricing and configuration options for its upcoming 2025 Polestar 3 electric SUV. Originally unveiled in October 2022 with a starting price tag of US$83,900, the luxury EV has seen its entry-level price cut to US$73,400, before the first deliveries have even been made.

The revised pricing structure means the 2025 Polestar 3 ranges in price from a low of US$74,800 to a high US$86,300. There appears to have been no changes in Canadian pricing, as the Polestar 3 still starts at C$97,400 on the online configurator.

In addition to the price cut in the US, the lineup now boasts four variants, with the base Long Range Dual Motor model offering 489 horsepower and an estimate range of up to 315 miles (507km) on a single charge, thanks to its 111-kilowatt-hour (kWh) battery.

The performance variant, now starting at US$79,400, ramps up the power to 517 horsepower, but with the extra power comes a slight dip in range, down to 279 miles (449km).

ALSO READ: Polestar Secures $950 Million Lifeline After Volvo Pulls Out

Each Polestar 3 comes standard with the Pilot Pack, a suite of advanced driver-assistance systems. For those seeking more luxury and better sound, the optional Plus Pack at US$5,500/C$7,000 adds high-end amenities like a Bowers & Wilkins audio system, heated rear seats, and upgraded wheels.

The Performance Pack, also priced at US$5,500/C$7,000, improves the driving dynamics with chassis tuning, 22″ forged wheels, and a power boost, along with distinctive “Swedish gold” accents on the brake calipers, seat belts, and even the valve stem caps.

Production of the Polestar 3 has already started in Chengdu, China, with plans to expand manufacturing to Volvo’s plant in Charleston, South Carolina, where test production has already begun, later this year.

These changes to the Polestar 3 lineup and pricing come after Volvo announced its plans in early February to transfer its stake in Polestar to parent company, Geely, putting the future of the Swedish automaker in doubt. However, Polestar was able to secure a lifeline, obtained $950 million in funding from a group of banks just a few weeks later.

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