The last time we saw an EV get discounts this deep was when Fisker was circling the drain and attempting to bring in every penny it could. Now another EV-only company is staring down some hard times, but for a very different reason. Polestar announced that it will exit the U.S. market, as it couldn't find a way around the country's new Connected Vehicle rule. The rule, finalized under the Biden administration, bars vehicles with software linked to China from being sold in the U.S. starting with the 2027 model year.
Volvo managed to get a special authorization to continue selling cars, but Polestar, which is also owned by the Geely Group, wasn't successful. So it's winding down U.S. operations and focusing on other markets. In a lot of ways, it's a shame. I always liked Polestar's clean, Scandinavian design aesthetic. I found the Polestar 2 fun to drive. And while I haven't driven them, my colleagues generally had nice things to say about the Polestar 3 SUV (the brand's best shot at mainstream success) and Polestar 4 (a weird lifted four-door with sheetmetal where a back window should be).
View Price on AmazonThe good news is that the Sweden-based, Chinese-owned brand is still selling down its inventory of cars. And that has resulted in some incredible deals for anybody willing to take the plunge. The Polestar 3 is $23,000 off, if you buy in cash or take a financing offer at 4.99% APR. That means the base single-motor variant with 350 miles of EPA range now starts at $44,500, down from $67,500. The more powerful dual-motor version—with nearly 500 horsepower and 315 miles of range—will run you just over $50,000, down from well over 70 grand.
The wackier Polestar 4 is cheaper to start with (at $56,400) and is even more deeply discounted. Cash purchasers can get $25,000 off. And you can get $18,000 off by taking Polestar's 0% APR financing offer. The single-motor Polestar 4 gets 310 miles of EPA range, 272 horsepower, and a claimed 0-60 time of 6.7 seconds. Spring for the dual-motor option, and you're looking at 280 miles, 544 hp, and a 0-60 sprint of 3.7 seconds.
As of this writing, I'm seeing plenty of Polestar 4s available in existing inventory in California in the mid-$30,000 range. That's Chevy Equinox EV, Toyota bZ, or base Tesla money for a premium, interesting, tech-forward EV. Across both models, Polestar is also offering deep discounts on leases. The Polestar 4, for example, starts at $399 per month for 39 months. All these deals expire on July 31.
Source: insideevs.com
