The Polestar 3 has not yet been released, and it has already received a significant price cut

Polestar has released new pricing details for its upcoming three-row midsize electric SUV: the Polestar 3. Most notably — and perhaps a reflection of the slowdown in electric vehicle sales growth over the past few months — the Polestar 3 will start at a very significant lower price than the company originally expected.

Polestar, which was once backed by Volvo but is now overseen by Volvo's Chinese parent Geely, first announced the 3 in October 2022. At the time, the company said the high-tech SUV would start at $83,900, putting it squarely on the market. . Luxury vehicle sector.

But now, Polestar says the Polestar 3 Long Range with all-wheel drive will start at $73,400. With the $1,400 destination fee, that rises to $74,800 — which is still a long way from $84,000. Production of this version will begin during the second quarter of 2024 (hello, that's now!), with customers able to take delivery in the summer.

Additionally, Polestar said all versions of the Polestar 3 will come standard with the automaker's Pilot package, which includes driver-assistance features such as adaptive cruise control, lane keep assist, automatic lane change, and a head-up display. (Most automakers charge extra for these features.)

If customers want some extra goodies, like a 1,610-watt Bowers & Wilkins sound system with 25 speakers and a fresh-air subwoofer plus MicroTech “bio-linked” seats, wool animal care seats, heated rear seats, and 21-inch wheels, they can opt for Plus package for $5,500, for a grand total of $78,900 ($80,300 with destination).

Given its roots in performance and motorsports, the company also has a Performance Package version of the Polestar 3, which retails for $79,400 ($80,800 with destination). This includes Polestar geometry tuning, 22-inch performance wheels, a software performance upgrade that boosts output to 517 hp and 671 lb-ft of torque, a 0-60 mph time of 4.6 seconds, and “Swedish gold” accents on the seat. Belts.

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If you're a perfectionist, the Polestar 3 with all three packages (Pilot, Plus and Performance) retails for $84.00 ($85,400 with destination) – just over the original base price from 2022.

The Polestar 3 will be initially produced at Geely's plant in Chengdu, China, starting in the second quarter. The company will begin production at its facility in South Carolina in the middle of the year. The electric SUV will only be eligible for a $7,500 federal tax credit when leased. Widespread, prices of electric cars Get down in all areasdriven by significant price cuts for market leader Tesla.

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