Polestar 3 Gets More Affordable: New Entry Model and Bold Incentives

Polestar is making significant waves in the electric vehicle (EV) market with its latest moves for the 2025 Polestar 3, introducing a series of financial incentives and a new entry-level model.

A New Affordable EV Flagship

The company has unveiled its most budget-friendly Polestar 3 yet: a Long Range Single Motor variant that starts at $67,500 and offers an impressive EPA-estimated range of up to 350 miles. This represents a substantial $6,400 reduction from the previous base model, making the luxury electric SUV more attainable for price-conscious buyers.

Produced at the shared Volvo plant in Charleston, South Carolina, the new model demonstrates Polestar’s goal to domestic production and affordability. Despite the lower price point, the SUV does not lack performance, delivering 295 horsepower and 361 lb-ft of torque, though acceleration is slightly slower at 7.5 seconds from 0 to 60 mph compared to the dual-motor variant’s 4.8 seconds.

Aggressive Financing and Leasing Incentives

Polestar is not just competing on price, but also on financing flexibility. The company has introduced several compelling offers:

• 0% Financing: For the first time, the Polestar 3 is available with 0% APR for 60 months through January 2nd. On an $80,000 vehicle, this effectively translates to a $15,000 price cut before taxes and fees.
• Lease Price Reduction: Lease prices have been cut to $599 per month for the Long Range Dual Motor model, down from $699—a $102 monthly savings. This reduction comes from a significant drop in the money factor from 0.00118 to 0.00024, effectively lowering the lease rate from 2.83% to 0.57%.

Market Context and Competition

The Polestar 3’s pricing strategy comes at a critical time in the EV market. With EV leasing accounting for 45% of new EV transactions in the third quarter of 2024, manufacturers are increasingly using financial incentives to attract buyers.

Polestar CEO Michael Lohscheller emphasized the strategic importance of the new model, stating that it makes their “full-sized flagship electric SUV… accessible to even more consumers.”

Additional Features and Considerations

The new Polestar 3 is packed with premium features designed to enhance both comfort and convenience. It contains a 14.5-inch LED infotainment system and a 9-inch driver display for seamless access to information and entertainment. Rear passengers can enjoy their own climate control screen, ensuring personalized comfort.

Fast charging capability allows the battery to go from 10% to 80% in just 30 minutes, and an optional NACS plug provides access to Tesla’s Supercharger network, offering flexibility and ease for long-distance travel.

Read More: Polestar 3: Accelerating Ahead With Major Recognition And Electrifying Upgrades

Polestar 3 in the Competitive Landscape

The timing of these offers is crucial, as potential changes in federal EV tax credits could significantly impact pricing and consumer interest in the near future. For buyers considering an electric luxury SUV, the Polestar 3’s new entry-level model and aggressive financial incentives present an intriguing option in an evolving marketplace.

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