Polestar is bolstering the incentives with its new Flexible Lease program. Through the program, the 2024 Polestar 2 is available to lease for $349 per month. The best part is that you can end the lease after five months with no penalty.
Launched in 2019, the Polestar 2 set the premium Swedish automaker on a new all-electric journey.
Since its debut, the electric performance fastback has continued to evolve, gaining new features and improved range through OTA updates and model refreshes. For example, the Polestar 2’s latest updates added YouTube and Amazon Prime Video.
Polestar’s electric car has been a hit, propelling the brand into a market leader in Norway, Sweden, Germany, the UK, and others.
The 2024 Polestar 2 has several new upgrades, including a bigger battery, enhanced motors, RWD options, and Polestar’s SmartZone. The SmartZone feature acts as a “third eye” for the driver.
Polestar says rather than a traditional grille designed for “breathing,” the SmartZone enables the car to “see” with various radars and cameras.
Now, Polestar is making it easier than ever to get your hands on its electric performance car. The Flexible Lease program eliminates the worst part of leasing a vehicle – being locked in.
2024 Polestar 2 (Source: Polestar)
2024 Polestar 2 gains flexible lease option
Polestar’s new Flexible Lease program gives customers the option of either keeping or ending their lease after five months (and five payments). If you choose to end the lease after the period ends, there will be no early termination penalty.
Through the program, the 2024 Polestar 2 Long Range Single Motor is available to lease for $349 per month (up to 24 months), with $5,349 due at signing.
2024 Polestar 2 (Source: Polestar)
The Single Motor variant includes 82 kWh battery capacity for up to 320 miles EPA range. It also has faster charging with up to 205 kW DC.
The payment is based on an adjusted cost of $38,795 with an included $8,500 Polestar Clean Vehicle credit.
2024 Polestar 2 (Source: Polestar)
Meanwhile, lessees will be responsible for excess wear and mileage of over 12,000 miles/year. The offer is valid until November 30, 2023. If you plan to take advantage of the deal, you must take delivery by that date.
2024 Polestar 2 variant
Drivetrain
Battery capacity
Max Charging Speed
Estimated Combined EPA Range
Power
0 to 60 mph
Price (including dest fee)
Long range Dual motor
AWD
78 kWh
155 kW
276 miles
421 hp
4.3s
$56,700
Long range Single motor
RWD
82 kWh
205 kW
320 miles
299 hp
5.9s
$51,300
2024 Polestar 2 prices and specs (source: Polestar)
Polestar says the flexible leasing will extend to its upcoming Polestar 3 and 4 models. The Polestar 3, the brand’s first electric SUV, will begin production in the first quarter of 2024.
Fueled by incentives from the Illinois EPA and the state’s largest utility company, new EV registrations nearly quadrupled the 12% first-quarter increase in EV registrations nationally – and there are no signs the state is slowing down.
Despite the dramatic slowdown of Tesla’s US deliveries, sales of electric vehicles overall have perked up in recent months, with Illinois’ EV adoption rate well above the Q1 uptick nationally. Crain’s Chicago Business reports that the number of new EVs registered across the state totaled 9,821 January through March, compared with “just” 6,535 EVs registered in the state during the same period in 2024.
At the same time, the state’s largest utility, ComEd, launched a $90 million EV incentive program featuring a new Point of Purchase initiative to deliver instant discounts to qualifying business and public sector customers who make the switch to electric vehicles. That program has driven a surge in Class 3-6 medium duty commercial EVs, which are eligible fro $20-30,000 in utility rebates on top of federal tax credits and other incentives (Class 1-2 EVs are eligible for up to $7,500).
The electric construction equipment experts at XCMG just released a new, 25 ton electric crawler excavator ahead of bauma 2025 – and they have their eye on the global urban construction, mine operations, and logistical material handling markets.
Powered by a high-capacity 400 kWh lithium iron phosphate battery capable of delivering up to 8 hours of continuous operation, the XE215EV electric excavator promises uninterrupted operation at a lower cost of ownership and with even less downtime than its diesel counterparts.
XCMG showed off its latest electric equipment at the December 2024 bauma China, including an updated version of its of its 85-ton autonomous electric mining truck that features a fully cab-less design – meaning there isn’t even a place for an operator to sit, let alone operate. And that’s too bad, because what operator wouldn’t want to experience an electric truck putting down 1070 hp more than 16,000 lb-ft of torque!?
Easy in, easy out
XCMG battery swap crane; via Etrucks New Zealand.
The best part? All of the company’s heavy equipment assets – from excavators to terminal tractors to dump trucks and wheel loaders – all use the same 400 kWh BYD battery packs, Milwaukee tool style. That means an equipment fleet can utilize x number of vehicles with a fraction of the total battery capacity and material needs of other asset brands. That’s not just a smart use of limited materials, it’s a smarter use of energy.
As “extreme” weather events become more commonplace, the demand for reliable and portable energy continues to rise. In response to that growing demand for dependable off-grid power, Volvo has developed the new PU500 Battery Energy Storage System (BESS) designed to take electrical power when it’s needed most.
Designed to be deployable in a number of environments at a moment’s notice, the Volvo Energy PU500 BESS is equipped with approximately 500 kWh of usable battery capacity (up to 540 kWh total). More than enough juice, in other words, to power a remote construction site, disaster response effort, or even a music festival – anything that needs access to reliable electricity beyond a grid connection.
That’s great, but what sets the PU500 apart from other battery storage solutions is its integrated 240 kW DC fast charger.
“With an integrated CCS2 charger, the PU500 is designed to work with all brands of electric equipment, trucks, and passenger cars,” says Niklas Thulin, Head of BESS Product Offer at Volvo Energy. “This ensures that no matter what type of electric vehicle or machinery you rely on, the PU500 can provide the power you need, making it a truly flexible solution for any grid constrained site or location.”
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The integrated charger in the PU500 has the impressive ability to charge a heavy equipment asset (be that an electric semi truck or something like a wheel loader) in under two hours. Its on-board capacity allows to fully recharge up to 3 electric HD trucks or 20 electric cars per day, making it an incredibly versatile disaster response asset.