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The most affordable version of the electric SUV will reach customers by 2025.
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Polestar revealed new pricing and range details for the rear-wheel drive version of its Polestar 3 SUV, which began reaching customers earlier this month.
The single-motor RWD Polestar 3 will be the most affordable and longest range version of the EV, starting at $68,900 (including a $1,400 destination charge) and getting an EPA-rated range of 350 miles. The long-range single motor EV will be built alongside the dual-motor, all-wheel drive version of the Polestar 3 at its factory in South Carolina.
With that starting price, and its North American manufacturing bonafides, the RWD Polestar 3 should qualify for the $7,500 federal EV tax credit — at least as long as it still exists. (President-elect Donald Trump has vowed to kill the tax credit upon taking office.) The credit only applies to SUVs that cost less than $80,000, are made in North America, and include batteries and components that also originate from approved trade partners of the US.
The AWD Polestar 3, meanwhile, starts at $74,800 and gets up to 315 miles per charge for the standard model and 279 miles for the Performance model.
Polestar, which was backed by Volvo but is now overseen by Volvo’s Chinese parent company, Geely, first announced the 3 back in October 2022. The company said that all versions of the Polestar 3 will come standard with Pilot Pack, which includes driver-assistance features like adaptive cruise control, lane-keep assist, automated lane changes, and a heads-up display. (Most automakers charge extra for these features.)
The Polestar 3 is the sportier cousin to the Volvo EX90, which also began customer deliveries earlier this year. Much of the tech in that model, including a lidar sensor and bidirectional charging, is not immediately available to customers.