The Polestar 3 isn’t out yet and it’s already getting a big price cut | Top Vip News

Polestar released new pricing details for its upcoming three-row midsize electric SUV: the Polestar 3. And most notably, and perhaps a reflection of the slowdown in EV sales growth in recent months, the Polestar 3 It will start at a price that is significantly less than the company originally predicted.

Polestar, which was backed by Volvo but is now overseen by Volvo’s Chinese parent company Geely, first announced the Model 3 in October 2022. At the time, the company said the high-tech SUV would start in $83,900, putting it squarely in the luxury vehicle segment.

But now, Polestar says the price of a Polestar 3 Long Range with all-wheel drive will start at $73,400. With the $1,400 destination charge, that increases to $74,800, which is still a long way from $84,000. That version will go into production during the second quarter of 2024 (hey, that’s now!), and customers will be able to receive it in the summer.

Additionally, Polestar said all versions of the Polestar 3 will come standard with the automaker’s Pilot package, which includes driver-assist features like adaptive cruise control, lane-keeping assist, automatic lane changes and a display. frontal. (Most automakers charge extra for these features.)

If customers want some additional perks, such as a 1,610-watt Bowers & Wilkins audio system with 25 speakers and a fresh air subwoofer, as well as MicroTech and “bio-attributed” wool seats, heated rear seats, and aluminum wheels. 21 inches, they can opt for the $5,500 Plus package, for a total of $78,900 ($80,300 with destination).

Given its roots in performance and motorsports, the company also has a Performance pack version of the Polestar 3, which sells for $79,400 ($80,800 with destination). This includes Polestar Engineered chassis tuning, 22-inch Performance forged wheels, a software performance update that increases power to 517 horsepower and 671 pound-feet of torque, a 0-60 mph acceleration in 4.6 seconds and “Swedish gold” details on the seat. belts.

If you’re a completist, a Polestar 3 with all three packages (Pilot, Plus, and Performance) will sell for $84.00 ($85,400 with destination), just a little more than the original 2022 base price.

The Polestar 3 will initially be produced at Geely’s factory in Chengdu, China, starting in the second quarter. The company will begin production at its South Carolina facility mid-year. The electric SUV will only be eligible for the $7,500 federal EV tax credit when leased. Generally speaking, electric vehicle prices have been going down across the boarddriven by big price cuts from market leader Tesla.