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After months of anticipation, Polestar has pulled the entire sheet off its first-ever electric SUV, the Polestar 3. Today we have a multitude of new details surrounding the SUV to share, including estimated range, performance specs, and starting price. The Polestar 3 will also eventually be built in the US, begging the question whether some iteration of it will be able to qualify for federal tax credits.

Polestar is an EV-centric automotive brand launched in 2017 as a venture co-owned by Volvo Cars Group and Geely Holding. The automaker currently sells two electrified vehicles – the PHEV Polestar 1 and the all-electric Polestar 2 – but there are at least four more on the way.

The two EVs above share plenty of Volvo DNA, but Polestar has been working to deliver a new bespoke breed of EV models beginning with the Polestar 3 SUV. It will be followed by a Polestar 4 SUV in 2023 and the the Polestar 5 in 2024, based upon Polestar’s original concept EV, the Precept.

Most recently, Polestar revealed its O₂ roadster concept will also enter production as the Polestar 6, but enough about the future. Let’s focus on the here and now, and that includes the Polestar 3, its pricing, and our first look at its interior. Check it out.

Polestar 3 standard features and performance specs

According to its press release, the Polestar 3 will begin deliveries next year, beginning with a dual motor long range trim. For the first model year versions, Polestar will include the Plus Pack and Pilot Pack fitted as standard.

The Plus pack includes a 25-speaker audio system from Bowers & Wilkins with 3D surround sound and Dolby Atmos capability, soft-closing doors, an electric steering column, and a heated steering wheel.

The Pilot pack includes a head-up display, Park Assist Pilot and the Pilot Assist driver assistance system. In Q2 of 2023, customers will also be able to order a Pilot Pack add-on that includes LiDAR and a control unit from NVIDIA, preparing the Polestar 3 for autonomous capabilities in the future.

For an additional $6,000, customers can add the Performance Pack, which ups the SUV’s torque and horsepower as you’ll see in the specs below. This pack also includes unique 22-inch forged alloy wheels, Pirelli P-Zero tires, and signature “Swedish gold” details. Here are those additional, pertinent specs.

Polestar 3 Long Range Dual Motor
Power 489 hp (617 hp with Performance Pack)
Torque 620 lb-ft (671 lb-ft with Performance Pack)
0-60 mph (targeted) 4.9 seconds (4.5 seconds with Performance Pack)
Top Speed 130 mph
Battery Capacity (nominal) 111 kWh
Battery Type 400V lithium-ion
Range (targeted) Up to 610 km (WLTP), 300 miles (EPA)
Motor Configuration Dual, front and rear
Drag Coefficient 0.29 Cd
Drag Force 0.78 CdA
Charging Capacity (DC) up to 250 kW
Charging Capacity (AC) up to 11 kW
Curb Weight 5,696-5,886 lbs
Towing Capacity 3,500 lbs, 350 lbs tongue weight
Starting MSRP $83,900*
* – MSRP does not include $1,400 destination charge or other taxes and fees

Interior

Moving inward, the Polestar 3 boasts a level of awareness to sustainability its creators are becoming quite well known for. Interior materials include MicroTech upholstery, animal welfare-certified leather, and fully-traceable wool upholstery. Polestar states then when 3 production begins, it will complete a life cycle assessment to find additional ways to reduce its carbon footprint throughout.

The Polestar 3 will be the first vehicle to feature centralized computing from the NVIDIA DRIVE core computer, serving as its AI brain. Infotainment will be powered by Qualcomm’s Snapdragon Cockpit Platform to deliver high-definition displays, premium sound quality and “seamless connectivity.”

The SUV’s OS is Android Automotive evolving from software that debuted in the Polestar 2. It allows for OTA updates, enabling continuous software improvements and rollouts of new features. Five radar modules, five external cameras, and twelve external ultrasonic sensors to support numerous advanced safety features inside and out of the EV and are complemented by two closed-loop driver monitoring cameras that can trigger warning messages, sounds, and even an emergency stop when detecting a distracted, drowsy, or unconscious driver.

Polestar 3 to be built in US, but may not qualify for tax credits

Initial production of the Polestar is expected to begin at Volvo Cars’ facility in Chengdu, China beginning in mid-2023 – first deliveries are expected in Q4 of 2023, about a year from now. However, Polestar is planning additional Polestar 3 manufacturing on US soil, the automaker’s first model to be built outside of China. Per CEO Thomas Ingenlath:

Polestar 3 is a powerful electric SUV that appeals to the senses with a distinct, Scandinavian design and excellent driving dynamics. It also takes our manufacturing footprint to the next level, bringing Polestar production to the United States. We are proud and excited to expand our portfolio as we continue our rapid growth.

Polestar states that US manufacturing will take place at Volvo Cars’ facility in Ridgeville, South Carolina toward the middle of 2024, with local deliveries expected soon thereafter. From that point onward, the automaker says all Polestar 3 production for North America and “select other markets” will originate from the US.

By being assembled on US soil, the Polestar 3 could eventually qualify for federal EV tax credits under revised terms of the recently signed Inflation Reduction Act. However, its current MSRP of nearly $84,000 already surpasses the price threshold of $80k for electric SUVs that will kick in on January 1, 2023.

In a July interview, Ingenlath divulged that the automaker intended to price the Polestar 3 between $75,000 and $110,000. Its initial MSRP for the dual motor long range version certainly fits in that pricing frame, but with previous intentions to aim lower, could we see a lower priced version of the SUV that qualifies for tax credits? Perhaps a stripped down, single-motor version of the Polestar 3 can get down below $80k, potentially qualifying for up to $7,500 back from Uncle Sam.

For now, the automaker’s focus is on getting this initial dual motor version out into the world next year, but we’d surmise that additional versions, whether priced higher or lower, should emerge at some point. Our next task will be to get behind the wheel of Polestar’s first SUV and report back.

Until then, here’s the world premiere video of the Polestar 3:

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Ørsted’s largest solar farm in the world is now online in Texas

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Ørsted's largest solar farm in the world is now online in Texas

The Mockingbird Solar Center, Ørsted’s largest solar project globally, is now online, next to protected prairie donated by the renewable energy giant.

This massive 468-megawatt (MW) solar farm is set to power 80,000 homes and businesses, providing a major boost to the Texas grid.

But the launch of Mockingbird Solar isn’t just about clean energy – it’s also about restoring precious ecosystems. Ørsted has donated 953 acres of the Smiley-Woodfin Native Prairie Grassland, which sits next to the solar center, to The Nature Conservancy. The donated land is now the Smiley Meadow Preserve, a protected area for tallgrass prairie that’s home to more than 400 species of grasses and wildflowers.

Tallgrass prairies are some of the rarest ecosystems in the US, with less than 1% of Texas’ original tallgrass prairies still in existence. Tallgrass prairie does a lot of heavy lifting for the environment, including storing carbon, preventing floods, and providing crucial habitats for pollinators.

“Native prairies are the rarest landscapes left in Texas – so much so that many people have never seen one,” said David Bezanson, land protection strategy program director for The Nature Conservancy in Texas. He added that preserving Smiley Meadow will not only conserve one of the best prairie remnants left but also help restore other prairie habitats and boost regional biodiversity.

The Mockingbird Solar Center, a half-billion-dollar project, is part of Ørsted’s $20 billion push to expand renewable energy production across the US. Beyond generating electricity, it will inject $75 million into local property taxes, benefiting schools and other public services. The project also created over 550 construction jobs and will continue to be supported by operations staff moving forward.

Ørsted worked with US companies, including First Solar, for solar panels and partnered with local businesses like Drake Construction and Pfifer Farms for construction materials. It also gave more than $50,000 to local volunteer fire departments in Roxton and Brookston.

With Mockingbird Solar now up and running, Ørsted has more than 6 gigawatts of onshore wind, solar, and battery storage projects either in operation or being built across the US.

Read more: Ørsted got a huge Tesla battery storage system for the world’s single-largest offshore wind farm


If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

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Cramer names oil and natural gas stocks set to do well under Trump

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Cramer names oil and natural gas stocks set to do well under Trump

CNBC’s Jim Cramer on Friday said companies related to natural gas and oil will thrive under President-elect Donald Trump’s administration and a majority Republican Congress.

“We’re hearing about all sorts of Trump trades right now, and many of these things have made insane moves in less than three weeks, to the point where, actually, they’re feeling precarious to me,” he said. “If you want a sustainable Trump trade, I say bet on the natural gas ecosystem. This is an industry that already had a lot going for it, it just needed some cooperation from the federal government, which it is about to get.”

President Joe Biden’s administration is largely opposed to fossil fuels, Cramer said, and the federal government has worked to block pipelines and paused new liquified gas export authorizations. This dynamic, coupled with a weaker global economy, caused the sector to underperform for much of the year, he suggested. But Trump has shown more favor to the industry, and Cramer pointed out that he tapped prominent oil executive Chris Wright to lead the Department of Energy.

Cramer recommended several stocks in the sector, including energy producers EQT and Coterra. The former is focused on natural gas and recently acquired peer Equitrans, raising the combined company’s valuation to an estimated $35 billion, Cramer noted. He added that Coterra is a good long-term holding and called the company “one of the shrewdest operators in the industry.”

He highlighted pipeline companies, including Energy Transfer and Kinder Morgan, and said he was especially bullish on Enbridge. Enbridge says it transports about 20% of all natural gas consumed in the U.S., and Cramer claimed the Canadian outfit has “strategically located assets.” He also named Cheniere and Sempra, saying the former is the “best playfor liquified natural gas exports.

“Seasonally, this is a good time for the commodity,” he said, pointing out that natural gas itself has climbed since the election. “But I also think there’s some optimism about the future of the industry driving this move.”

Jim Cramer’s Guide to Investing

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Jeep launches Wagoneer S EV lease prices starting at just $599 per month

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Jeep launches Wagoneer S EV lease prices starting at just 9 per month

Jeep’s first global luxury electric SUV will arrive at US dealerships any day. Despite its $72,000 price tag, lease prices for the 2024 Jeep Wagoneer S EV start at just $599 per month.

2024 Jeep Wagoneer S EV lease prices

After unveiling its first global electric SUV, Jeep’s CEO said the Wagoneer S “marks a new chapter” in its storied history.

Jeep claims the Wagoneer S packs “exhilarating performance.” With 600 hp and 617 lb-ft of torque, the big-body SUV can sprint from 0 to 60 mph in just 3.4 seconds. Its 100 kWh battery pack also gives it a driving range of over 300 miles.

The electric SUV is unmistakably still a Jeep, but it did get several upgrades to distinguish it as an EV. The grille is now enclosed without the need to cool a massive engine, giving it a sporty, more modern look.

Jeep revamped its design with a new illuminated seven-slot grille with ambient cast lightning. It also fine-tuned its profile, adding flush door handles, a rear wing, and integrated fins for better airflow.

Jeep-Wagoneer-S-EV-lease-prices
Jeep Wagoneer S Launch Edition (Source: Jeep)

The first Jeep Wagoneer S Launch Edition models get exclusive dark accent design elements like 20″ Gloss Black Wheels.

Inside, the electric SUV is loaded with the latest tech and connectivity, including a best-in-class 45″ of usable screen space. The setup includes a 12.3″ center screen and an exclusive 10.25″ interactive front passenger screen.

Jeep-Wagoneer-S-EV-lease-prices
Jeep Wagoneer S Launch Edition Radar Red interior (Source: Jeep)

Jeep already announced that the 2024 Wagoneer S EV will start at $71,995, but now the company has revealed lease prices for the first time.

According to Jeep, the 2024 Jeep Wagoneer S Launch Edition can be leased for $599 per month for 36 months (10,000 miles per year). The deal includes $4,999 due at signing and a $7,500 EV incentive. However, you may want to act fast, as Jeep’s offer is only good until December 2, 2024.

Jeep Wagoneer S vs Tesla Model Y Starting Price Range Lease Price
Jeep Wagoneer S Launch Edition $71,995 +300 miles $599/mo
Tesla Model Y RWD $44,990 320 miles $299/mo
Tesla Model Y AWD $47,990 308 miles $399/mo
Tesla Model Y AWD Performance $51,490 279 miles $599/mo

In comparison, Tesla Model Y RWD lease prices start at $299 for 36 months with $2,999 down (10,000 miles). The Performance AWD model starts at $599 per month. In an end-of-year promo, Tesla also offers 3 months of free Supercharging and Full Self-Driving.

Ready to drive off in your new electric SUV? We can help you get started. You can use our links below to view offers on the Jeep Wagoneer S and Tesla Model Y at a dealer near you.

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