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Polestar 2 U.S. Pricing Officially Announced: It's Cheaper Than Expected

It's about $3,000 cheaper than initially anticipated and coming this summer.

Polestar 2

Mark Kane Mark Kane

By: Mark Kane

Apr 23, 2020 at 11:57am ET

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Today, Polestar officially announced the formal pricing of its first all-electric model, the 2021 Polestar 2 performance fastback, for the U.S. market.

This all-new model will start from $59,900, which means that the MSRP is actually about $3,000 below the initial hinted price of $63,000.

The customers can count also on state incentives (up to $2,000 in some cases) and the $7,500 federal tax credit, which in the best case scenario brings the effective price down by $9,500 to around $50,400.

Gregor Hembrough, Head of Polestar USA said:

“We are quite enthusiastic to announce the U.S. pricing for the Polestar 2. The MSRP is lower than we originally targeted, and will be extended to all of our current reservation holders. With an online purchase option, lower pricing, considerable tax incentives, and production already underway, the Polestar 2 is well positioned for a successful entry into the U.S. market.”

See also

Polestar 2 Production Officially Begins: Deliveries Start This Summer

Polestar 2 Pricing Confirmed For European Launch Markets

Together with the MSRP, several options were also announced:

Checking all the boxes might shoot the price up by $11,400 to $71,300 (before any incentives).

Customer deliveries from summer

Another important thing is that first customer deliveries to U.S. reservation holders are scheduled for summer 2020. The Polestar 2 is already in production - since March.

Polestar intends to sell/lease its BEVs in all 50 states using a digital retail model, supported by some physical retail showrooms — Polestar Spaces. First locations will be launched on the West Coast and in New York in late summer.

"With a digital retail model, the Polestar 2 is available to purchase on Polestar.com. To supplement this, the brand will soon open physical retail showrooms—Polestar Spaces—where non-commissioned Polestar Specialists will be able to assist customers with product information and test drives. The first of these locations will open on the West Coast of the United States and New York in late summer 2020, with additional locations to follow."

Waiting for a range rating

The latest press release does not say anything about the expected EPA range rating, so we base it on the 470 km (292 miles) WLTP value. The U.S. and European versions of the car are equipped with a 78 kWh battery.

Gallery: Polestar 2 (2019)

Polestar 2

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Polestar 2 Polestar 2 Polestar 2 (2019) Polestar 2 (2019) Polestar 2 (2019) Polestar 2 (2019)

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Polestar 2 specs:

** in China battery capacity will be 72 kWh*

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Polestar Cars Announces U.S. Pricing for the 2021 Polestar 2

Rockleigh, NJ (April 23, 2020) – Polestar announces the formal pricing of the Swedish brand’s first pure electric car, the 2021 Polestar 2. The electric performance fastback has an MSRP of $59,900 in the United States.

The MSRP of the Polestar 2 is below state incentive thresholds in critical markets such as California and New York. Additionally, this price enables state rebates of approximately $2,000 in certain states*, for total tax incentives of up to $9,500 when combined with the federal electric vehicle tax credit.**

“We are quite enthusiastic to announce the U.S. pricing for the Polestar 2,” said Gregor Hembrough, Head of Polestar USA. “The MSRP is lower than we originally targeted, and will be extended to all of our current reservation holders. “With an online purchase option, lower pricing, considerable tax incentives, and production already underway, the Polestar 2 is well positioned for a successful entry into the U.S. market.”

Polestar also announces option pricing for the Polestar 2 as follows:

• Performance Pack: $5,000
• Nappa Leather Interior: $4,000
• 20-Inch Alloy Wheels: $1,200
• Metallic Paint Colors: $1,200

The Polestar 2 arrives with 408 hp, 487 lb.-ft. of torque, all-wheel drive and a 78 kWh battery pack, which enables considerable EV range. It is also the first car in the world to feature a built-in infotainment system powered by Android, featuring voice command via the Google Assistant, Google Maps with EV charging support and app downloads via the Google Play Store.

The Polestar 2, which began production in late March, will begin delivery to U.S. reservation holders in summer 2020. With a digital retail model, the Polestar 2 is available to purchase on Polestar.com. To supplement this, the brand will soon open physical retail showrooms—Polestar Spaces—where non-commissioned Polestar Specialists will be able to assist customers with product information and test drives. The first of these locations will open on the West Coast of the United States and New York in late summer 2020, with additional locations to follow.

The Polestar 2 is available for sale in all 50 states and Polestar will announce lease and retail finance options for the vehicle in the near future.

 

*All tax information is current as of April 15,2020. Government incentives are for informational purposes only and subject to change without notice, nor are within Polestar’s control. Incentive programs are offered and administered by government agencies. Eligibility and availability vary. Visit your state program’s website for the most up-to-date information on availability and redemption requirements. Your eligibility for income tax credits depends on your personal tax situation. Polestar encourages consulting with your tax advisor for details.

**The IRS offers a Qualified Plug-In Electric Drive Motor Vehicle Tax Credit of up to $7,500 on the purchase of qualifying vehicles. This is not tax advice. Consult your own tax advisor for details.

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