As Polestar will begin deliveries of the 2024 model year version of its flagship 2 sedan, we got the invite to Denver, Colorado, to not only test the sporty dual-motor but to also test the automaker’s new single-motor version, which includes rear-wheel drive.
Each day, Polestar ($PSNY) becomes a relatively young EV brand that garners more interest from the general public. Following last year’s Super Bowl commercial featuring the Polestar 2, I personally have had several friends and family inquire about the brand.
Despite realistically only offering one model right now, Polestar has continued to bolster sales and make top brand popularity lists in countries like Germany. As for the Polestar 2, well, I personally am well versed in this flagship BEV, dating back to 2021.
To date, I’ve driven the 2022 Long Range Single Motor Polestar 2, the 2023 Dual Motor, and even the limited edition, high-performance BST 270. In between drives, I’ve covered many details of the Geely- and Volvo-owned automaker, including the four additional EVs in the pipeline that will follow the Polestar 2.
Since January, Polestar has been teasing a RWD version of the Single Motor 2, a first-ever for the company and a real marvel in engineering when you learn more about it. By June, we had learned the pricing of the 2024 Polestar 2 models, in addition to some bolstered specs on both powertrain configurations.
Last week, I got the invite out to Denver to experience the 2024 models myself while taking in the beautiful vistas up in the mountains. Here are my thoughts.
2024 Polestar 2 sees major upgrades where it counts
Right out of the gate, I want to let you know there have been relatively no updates to the interior of the 2024 Polestar 2 compared to a year prior, so today’s focus will be entirely on the exterior, the drivetrains, and of course, the driving itself.
Let’s start with the biggest changes to the model year 2024 sedan: powertrain upgrades. This includes new motors and inverters, in addition to a new configuration in the single motor that improves dynamics. These combine for 16 miles of additional range on the dual-motor Polestar 2, all while using the same 78 kWh pack as the 2023 version.
Other additions you can see above include new performance wheels we were told will carry over as design language in future Polestar models (i.e., the 3 and 4 SUVs). Another feature is the “Smartzone,” which integrates radars, cameras, and other sensors into the front of the EV. This design element was first introduced in the Polestar 3, but the 2024 Polestar 2 models will be the first on the road with it.
Dual motors NEVER get old
For the first half of my drive, I started out in the Long Range Dual Motor Polestar 2, complete with the Pilot, Plus, and Performance packages equipped, meaning I had 20-inch Continental performance tires and the aforementioned forged performance wheels.
While leaving Denver, I immediately tested out Polestar’s Pilot Assist ADAS and found it more than adequate. Polestar’s software, in general, is quite good – just minimalist rather than showy or overly complicated. The company is about style and sustainability, not bells and whistles.
Anyway, once we got out of the proper city and onto some winding roads, it was clear I was once again in a Polestar 2. The 0-60mph in 4.1 seconds may seem a little slow on paper, but it is more than adequate for the average driver, and the acceleration never gets old.
When I was weaving through cars on the highway, I found my acceleration and movement instantaneous, and when I passed anyone up in the mountains, I was extremely confident I could do so quickly and safely.
I really want to point out the dynamics of Polestar’s tuning for a second, especially since it’s so apparent on the 2024 Dual Motor Polestar 2. As I mentioned, I’ve driven performance EVs like the BST 270, but for a mass-produced passenger BEV like the new 2, the Polestar engineers still put a lot of expertise into the handling of the vehicle.
Only a drive for yourself can truly describe it, but it’s so sticky and can hug any turn with ease, making it a joy to drive up the mountains of Colorado. For the 2024 version, Polestar replaced the identical motors front and back and put a larger motor in the rear. This supports a dynamic disconnect that will run a single motor to optimize range, which is listed as 247 miles with the Performance Pack (up to 276 miles without).
Overall, I found the vehicle more playful and sporty compared to my previous drives in other model year Polestar 2s. This one had my heart from the get-go, but you know I had to experience the new RWD in the single-motor to see how it compared.
The new RWD Polestar 2 wins in range and charging
While the Dual Motor version of the 2024 Polestar 2 was quite fun to drive, the single-motor RWD version offered the most dramatic refresh compared to last year’s model. As we’ve pointed out several times since Polestar 2 announced the change earlier this year, this is one of the rare instances we’ve seen an automaker move a motor from FWD to RWD on the same platform.
The weight of the car has changed this year because of its larger battery (82 kWh), and the single-motor trim has been tuned differently, but the suspension is the same, and it is now rear-wheel heavy, making it much more of a joy to drive in my opinion. Polestar’s product launch manager, John Quinn, also pointed out that there is virtually no compromise for consumers in choosing the 2024 single-motor Polestar 2 – unless, of course, they require AWD for their local terrain.
Other upgrades include an increase of 69 horsepower (299 total) and 118 extra lb-ft of torque (361 lb-ft in all). Additionally, the 440V platform can charge as high as 220 kW, charging 10-80% in 25-28 mins – a 20% speed increase, according to Polestar.
The biggest perk, however, is the single motor’s 320-mile range. Adding 60 miles of EPA range in a refresh is a huge jump, plus getting over the 300-mile hump goes a long way with prospective consumers who still think they need more range than they actually do.
The second half of the drive was all downhill, going back the exact way I had come up, just with one less motor beneath me. The single-motor version of the 2024 Polestar 2 was more than adequate, but it was a tougher transition to go from the dual-motor, in my opinion. The acceleration was still good, but it lacked the oomph of the dual-motor for obvious reasons.
Still, the dynamics were top-notch, as they always are with Polestar, and I still had no trouble passing Toyotas and other slow vehicles on straightaways. There were some hairpin turns on the way back down, and the single rear motor made for a fun configuration to get the tires squealing and whip that back end around a bit. That’s much harder to do with two motors, so I’d say that was another perk.
Pricing and availability of the 2024 Polestar 2
Compared to previous model years, pricing of the Polestar 2 has gone up, but you’re getting more bang for your buck this year, especially when you consider that the 2023 refresh was mostly aesthetic.
The new RWD, single-motor version of the Polestar 2 starts at $49,900, while the dual-motor version starts at $55,300. Note this includes the Pilot Pack standard but will cost an additional $5,500 for the Performance Pack (also includes Plus Pack valued at $2,200).
Also, note prices do not include $1,400 destination fees.
Orders are open now on Polestar’s website, with deliveries expected in November 2023 if you order today.
Electrek’s Take
Overall, I’m a much bigger fan of the Dual-Motor Polestar 2 because it’s simply more fun to drive. That being said, logic tells me the single motor is the smart play because of its lower price and it’s still fun to drive. That range too. I think that will go a long way with buyers and has the making to further expand Polestar’s brand recognition to the masses.
Price remains a hurdle for this automaker, in my opinion. I’d describe it as a premium brand but not a luxury brand. The performance you get is absolutely competitive but not industry-leading in any category.
What Polestar is selling, however, are beautifully designed BEVs that are built with sustainability in mind. Creating beautiful interiors that are still sustainable is tough, but this automaker has it down to an art form.
Tuning is also a huge selling point for Polestar as I believe the 2 always offers some of the smoothest feels when driving, but how do you relay that to consumers aside from test drives? Overall, this is a big refresh for Polestar, which is nice to see, considering it has its hands full with four (or more) additional EVs coming each year. It’s nice to see they’re just letting the Polestar 2 drift away like we’ve seen with other flagship EVs like the Nissan LEAF.
Go give this one a drive, preferably on some winding roads if you have any near you. I’m interested to hear what you think.
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Those $30,000 EVs are “right around the corner,” Ford’s CEO Jim Farley promises. Ford is now testing vehicles with sourcing 95% complete.
When will Ford’s $30,000 EVs be available?
Although Farley warned that EV adoption will only be about 5% of the US market in the near term, Ford sees an opportunity with more affordable electric cars.
Ford is “well-positioned” to navigate the recent US policy changes, including the loss of the $7,500 EV tax credit, Farley explained during the company’s third-quarter earnings call.
The cornerstone of its growth plans is the new Ford Universal EV Platform, a low-cost, flexible architecture that will unlock a new family of electric cars priced around $30,000. Despite scaling back EV plans, including cancelling its three-row electric SUV, Ford is doubling down on affordable EVs.
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Farley confirmed during the call that EVs starting at around $30,000 are “not a distant plan,” adding that they are “right around the corner” at Ford.
CEO Jim Farley presents the Ford Universal EV Platform in Kentucky (Source: Ford)
The company is now testing vehicles, and sourcing is 95% complete. By the end of this year, Ford will begin installing equipment at its Louisville Assembly plant, where the new vehicles will be assembled. It’s also on track to start producing LFP battery cells in Michigan, which will be key to lowering costs.
Farley’s comments come as Ford’s EV sales plummeted in October following the expiration of the $7,500 federal tax credit.
Ford sold just over 4,700 electric vehicles in the US in October, 25% fewer than a year ago. Meanwhile, Ford halted production of the F-150 Lightning at its Rouge EV Center to focus on gas and hybrid models.
After reporting Q3 earnings last week, Ford said, “F-150 Lightning assembly at the Rouge Electric Vehicle Center will remain paused.” The move comes after a fire at a supplier plant in New York disrupted aluminum supply, which Ford relies on for its F-Series pickups.
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A major Tesla shareholder announced that they are voting against Elon Musk’s CEO compensation package, but the odds are still in his favor.
As we have been extensively reporting over the last few weeks, Tesla shareholders are set to vote on a new compensation package for Elon Musk worth up to $1 trillion.
The package is highly controversial. On one hand, the board, Musk, and his fans are presenting it as an “all or nothing” situation on which the “future of Tesla”, or even “the world” (actual quote from Musk) hangs in the balance.
The CEO has threatened to quit if he doesn’t get the package, which he claims is mainly about increasing his stake and control over Tesla as the automaker continues to develop AI technology, which he claims to fear in the wrong hands.
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On the other hand, critics point to Musk getting more stock options than all other Tesla employees combined, despite being a part-time CEO for the better part of the last 3 years.
Furthermore, there are issues with the way the package is structured, which could lead to Musk banking tens of billions of dollars worth of options without delivering any major advancements at Tesla.
Now, Norges Bank Investment Management, Norway’s massive sovereign-wealth fund, has pronounced itself on the compensation package as a shareholder.
They are firmly against it:
“While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk — consistent with our views on executive compensation.”
As of the last disclosure, the fund owns over 1% of Tesla’s stock, making it one of the most significant shareholders.
California Public Employees’ Retirement System, branded as CalPERS, also announced that it is voting against Musk’s pay package, citing reasons very similar to Norges’. The fund holds approximately 5 million shares of Tesla stock.
On the other hand, Baron Capital Management also pronounced itself on the pay package at the same time as the Norwegian fund. Unsurprisingly, given Ron Baron’s long-time support for Musk, Baron sided with Musk.
But his fund is much smaller and reportedly holds approximately 0.4% of Tesla.
The vote will be final at Tesla’s annual shareholders meeting on November 6th.
Prediction market Polymarket currently puts the odds of the package passing at 93% with $66,000 in trading volume:
Electrek’s Take
Institutional shareholders are going to make or break the vote for Musk. We know insiders and retail investors are going to vote for the package, since if you fall within either of those categories at this point, you are probably a fan.
But the institutional shareholders have other people to answer to, and they need to justify their votes.
“I like Elon and I believe in his ridiculous predictions about AI and robots” is just not enough. The proxy firms that advise those institutional shareholders have already pronounced themselves against, but the question remains: how many of them will follow the advice?
For now, it looks quite split, which would point to a yes passing as long as there’s a strong 90% yes turnout from retail shareholders, which appears to be the case.
After November 6th, Elon Musk will own Tesla forever. For better or worse.
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Kia is set to launch a slate of new electric and hybrid vehicles over the next year as it looks to boost its presence in the US, European, and other global markets.
Kia preps for new electric and hybrid vehicles
Get ready to see more Kia models on the road over the next few years. The South Korean automaker plans to introduce five new or refreshed flagship models in 2026.
For the first time since it hit the market in 2019, the Seltos, one of Kia’s most popular vehicles, is getting a complete redesign.
The new Kia Seltos will be offered as a hybrid for the first time. It will launch in Korea first in 2026 alongside a partially refreshed Niro, before rolling out globally.
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In the US, Kia plans to navigate the new tariffs and policy changes by boosting local production of its most popular SUVs. The Telluride, Kia’s largest SUV, is getting an overhaul, which will also include a hybrid version for the first time.
Kia teases camouflaged 2027 Telluride SUV (source: Kia)
Kia America’s vice president, Eric Watson, confirmed the second-gen Telluride debut at the LA Auto Show later this month.
Although like nearly all automakers, Kia’s EV sales plummeted in October after the federal tax credit expired. Kia sold just 666 units of its three-row EV9 SUV and 508 EV6 models in the US last month.
The 2026 Kia EV9 (Source: Kia)
Despite this, Watson said that “Kia’s future remains very bright, and the brand will continue to grow” as it enters the holiday sales season and into 2026. Even with slower EV sales, Kia is still on track for its third straight record sales year in the US.
While Kia focuses on SUVs and hybrids, it’s delaying the EV4 electric sedan “until further notice.” Kia said the change is because “market conditions for EVs have changed.”
The Kia Concept EV2 at IAA Mobility 2025 in Munich (Source: Kia)
Kia has even bigger plans in Europe. Early next year, Kia is launching its new entry-level electric car, the EV2. The Kia EV2 is expected to be a cornerstone of Kia’s growth plans, priced under €30,000 ($35,000).
It will sit below the EV3, which is already the most popular retail EV in the UK and among the best-sellers in Europe.
Kia also plans to launch an electric version of the Siros SUV in India as it aims to play a bigger role in the global auto market.
And these are just the new vehicles Kia is launching in 2026. The Korean automaker has already introduced a wave of new models this year across key markets, such as the EV5, a midsize EV SUV, and the PV5, its first electric van.