Polestar 4 electric SUV unveiled in the US as Tesla Model Y rival, prices start at $56,300
A new luxury electric SUV is hitting the US market to take on Tesla’s best-selling Model Y. Polestar revealed its second electric SUV, the Polestar 4, will have a starting price tag of $56,300 (including $1,400 destination fee) with up to 300 miles range.
After unveiling its fully electric “SUV Coupe” almost a year ago, the Polestar 4 has arrived in North America.
The Polestar 4 made its North American debut Wednesday at the NY Auto Show as full prices were revealed. Polestar’s newest electric SUV will start at $56,300 with 300 miles targeted range. That includes a $1,400 destination fee.
Polestar’s CEO Thomas Ingenlath previously said the new EV is positioned as a “more premium, more luxurious” SUV than Tesla’s Model Y. But, is it?
After Polestar 4 production began in November, the first customers began receiving vehicles by the end of the year. By the end of 2023, Polestar handed over 880 models.
Polestar launched its electric SUV coupe in Europe and Australia earlier this year. The starting Polestar 4 price in Europe is EUR 63,200 ($68,500) and AUD 81,500 ($53,700) in Australia. Now, Polestar’s newest electric SUV is finally arriving in the US.
Polestar 4 electric SUV price revealed in the US
The Swedish EV maker revealed full Polestar 4 pricing at the NY Auto Show. The cheapest Polestar 4, the Long Range Singe Motor variant, will start at $56,300 with 300 miles range. That’s less than the anticipated $60,000 initially expected.
Polestar’s Single Motor version includes 272 hp and 253 lb-ft of torque for a 0 to 60 mph sprint in 7.4 seconds.
| Polestar 4 trim | Starting Price (including $1,400 destination fee) |
Range (expected EPA-est) |
| Long Range Single Motor | $56,300 | 300 mi |
| Long Range Dual Motor | $64,300 | 270 mi |
| Long Range Dual Motor model (with Plus and Performance packs) |
$74,300 | 270 mi |
The Dual-Motor Polestar 4 starts at $64,300, but packs 544 hp and 506 lb-ft of torque for a 0 to 60 mph time in 3.7 seconds. It’s expected to feature up to 270 miles range.
At the top of the range, the Long Range Dual Motor model with Plus and Performance packs, starts at $74,300. Other package options include Pilot (+$1,500), Pro (+$2,000), Plus (+$5,500) and Performance (only available on the Dual Motor model).
The Polestar 4 will compete with other mid-size SUVs like Tesla’s Model Y and the new Porsche Macan EV. In comparison, the Tesla Model Y starts at $43,990 with up to 260 miles range. However, the Model Y is eligible for the $7,500 tax credit, bringing prices down to $36,490.
For the Long Range Model Y, prices start at $48,990 with up to 310 miles range. With the tax credit, the Long Range version starts at only $44,990.
Polestar’s new electric SUV is unique with no rear window. Instead, a rear-facing HD camera “enhances interior space and the rearward view.”
The interior features a 15.4″ infotainment powered by Android Auto OS with built-in Google. An added 10.2″ driver display is equipped ahead of the steering wheel.
Polestar will open orders for its new electric SUV in April 2024 with deliveries expected by the end of the year.
What do you guys think about Polestar’s new SUV? Let us know in the comments.
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Vammo, a battery-swapping service for electric motorcycles in Latin America, has just announced that the company has surpassed an impressive 1 million battery swaps in a little over a year.
The company has built its service around a combination of VMoto electric motorcycles and a battery-swapping service designed to keep those motorcycles rolling all day without stopping to charge.
Headquartered in São Paulo, Brazil, Vammo’s electric motorcycles and battery swap cabinets currently serve around 1,800 customers, with that number growing quickly. The service was launched just over a year ago and has already saved its customers a combined US $1.3 million in fuel costs. That’s on top of preventing the release of 3,050 tons of CO2 emissions.
Vammo’s subscription model saves users as much as 50% compared to gasoline-powered motorcycles, translating into annual savings of thousands of dollars. “Not only are we helping to cut carbon emissions by 85%, but we’re also putting significant savings back into the pockets of our customers,” said Jack Sarvary, Vammo’s co-founder and CEO. “Many of our users, especially delivery drivers, are saving as much as $2,000–$4,000 per year, making electric mobility both affordable and sustainable.”
That success has led to rapid growth for the company. Last year alone, Vammo saw 8x growth in both revenue and customer base.
“Our growth demonstrates the power of affordable, clean transportation,” said Billy Blaustein, Vammo’s COO. “We are proving that sustainable mobility can be both accessible and scalable.”
Vammo’s VMoto models have now become the #1 registered electric motorcycle brand in Brazil, likely making the company the top player in Latin America.
Battery swapping for electric motorcycles has gained significant interest in the last few years, especially as Gogoro has expanded its world-leading model for swappable electric scooter batteries. But unlike Gogoro, which built a swappable battery standard and then began persuading other companies to adopt it, Vammo built its service around existing electric motorcycles and their already operational battery designs.
Vammo began operations in São Paulo and has positioned its service as a solution not only for Brazil but also for broader Latin America.
Brazil is uniquely suited for electric motorcycles and battery swapping, as the country not only sells 4x the amount of motorcycles per year as the US, but has some of the cleanest electricity in the world. Over 90% of the country’s electricity is generated by clean sources, primarily hydroelectric power, with wind and solar also contributing to the mix. Compare that to the global average of just 13%.
Vammo is building on its momentum, recently announcing a partnership with app-based taxi provider 99, offering mototaxi drivers access to its electric motorcycles.
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