A more affordable Polestar electric SUV is set to launch by the end of the year. Polestar (PSNY) will unveil a cheaper, entry-level Polestar 3 model to compete with Tesla and Porsche. Here’s what we know so far.
Meet the Polestar’s new electric SUV
With the Polestar 3 expected to begin rolling out in the US in the coming months, the automaker is already planning to launch a cheaper option for buyers.
Polestar 3 production began in April in Chengdu, China, a few months ago, with additional production in South Carolina expected to start in mid-2024. Polestar has already successfully completed early production tests in the US.
The Polestar 3 will be the company’s first EV built on two continents as the brand looks to expand in major markets globally.
The entry-level Long Range Dual Motor was expected to start at $83,900 with up to 300 miles EPA range. However, in March, Polestar announced a new starting MSRP of $73,400 with Pilot Pack included as standard on all trims.
Polestar expects deliveries of the standard Long Range Dual Motor to begin in the second quarter of 2024.
2025 Polestar 3 trim
Estimated EPA range (Combined)
Power
Torque
Price
Long Range Dual Motor with Pilot Pack
315 miles
489 hp
620 lb-ft
$73,400
Long Range Dual Motor with Pilot Pack and Plus Pack
315 miles
489 hp
620 lb-ft
$78,900
Long Range Dual Motor with Pilot and Performance Pack
279 miles
517 hp
671 lb-ft
$79,400
Long Range Dual Motor with Pilot, Plus, and Performance Pack
279 miles
517 hp
671 lb-ft
$84,900
Polestar 3 price and specs by trim (*not including $1,400 destination fee)
The company also revealed that the Polestar 3 is eligible for its $7,500 Polestar Clean Vehicle Incentive on leases, potentially bringing prices as low as $65,900.
The Polestar 3 Long Range Dual Motor with standard Pilot Pack and optional Plus Pack starts at $78,900. Polestar’s Plus Pack includes a 1,610-watt Bowers and Wilkins sound system, 21″ wheels, bio-attributed MicroTech, and heated rear seats.
Polestar 3 prototype (Source: Polestar)
Polestar’s Long Rang Dual Motor model boasts up to 489 hp and 620 lb-ft of torque with 315 EPA estimated miles range.
For added performance, the Polestar 3 with Performance Pack is available for $79,400. This boosts output to 517 hp and 671 lb-ft of torque for a 0 to 60 mpg sprint in 4.6 seconds. It also includes “Swedish Gold” accents, 22″ performance wheels, and Polestar-engineered chassis tuning.
Polestar 3 prototype (Source: Polestar)
Polestar to launch cheaper Polestar 3 variant
Polestar confirmed a cheaper Polestar 3 will join the lineup by the end of the year as the new base model.
Speaking with the media, Polestar’s global head of communications, Brent Ellis, said, “Later this year, the single-motor version of the Polestar 3 will be available.”
Polestar 3 electric SUV (Source: Polestar)
Ellis added, “It will be rear-wheel drive, and we will have more details a few months from now when the time comes to launch.”
Although details and pricing are yet to be revealed, Polestar’s product manager told Drive the RWD model will use the same rear electric motor as the AWD Long Range Dual Motor model with 180 kW (241 hp).
Like the other trims, the RWD model will feature a 111 kWh battery pack, which should see increased range.
Polestar 3 interior (Source: Polestar)
Polestar 3 deliveries are expected to kick off in Australia in June 2024. However, it will be a true electric five-seater. Ellis confirmed, “There’s not going to be a seven-seater at any point.”
The cheaper model will likely launch in the US and other global markets. More details are expected closer to its official debut. Check back for more info soon.
Electrek’s Take
Although Polestar claims Tesla is not the competition (more like Porsche’s new Macan EV), a cheaper electric SUV could help it keep pace with Tesla’s best-selling Model Y.
Tesla’s RWD Model Y starts at $44,990 with up to 320 miles range. The Long Range AWD model costs $47,990 with up to 310 miles range. Meanwhile, the Performance variant starts at $51,490 with a 0 to 60 mph sprint in 3.5 seconds. With the $7,500 EV tax credit, Tesla Model Y prices start at as low as $37,490.
Which one would you buy? The Tesla Model Y or the Polestar 3 (or Porsche Macan EV)? Drop us a comment below.
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With the federal EV incentive set to expire at the end of September, Ford is urging its dealers to prepare for a rush of buyers.
Ford warns dealers of upcoming EV rush
Like most automakers, Ford is preparing for a shakeup under the Trump Administration. After the “One Big Beautiful Bill” was signed into law on July 4, the $7,500 and $4,000 tax credit for new and used EVs will no longer be available after September 30.
In a memo sent to dealers this week, Ford warned, “demand is expected to increase as the deadline approaches for eligible vehicles.”
The letter (via CarsDirect) confirmed that the EV tax credit “will no longer be available for vehicles acquired after September 30, 2025.”
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Ford blamed Trump’s new bill for the expected rush of EV buyers ahead of the incentive deadline. Although the Mustang Mach-E doesn’t qualify for the credit, since it’s built in Mexico, Ford is passing it on through a leasing loophole. While it’s still available, the F-150 Lightning does qualify for the credit when purchased or leased.
2025 Ford Mustang Mach-E (Source: Ford)
Last week, Ford launched its new “Zero, Zero, Zero” summer sales promo, offering a $0 down payment, 0% interest for 48 months, and zero payments for the first 90 days on most Ford and Lincoln vehicles.
The new campaign replaces the employee pricing for all campaign, which ran through the first half of the year. Despite outpacing the industry with overall sales rising 14% in Q2, Ford’s EV sales fell by nearly a third.
Ford Mustang Mach-E (left) and F-150 Lightning (right) (Source: Ford)
Ford spokesperson Martin Gunsberg told Electrek that electric vehicle sales were lower due to the Mustang Mach-E recall and the transition to the 2025 model year. “Our dealers can’t sell what they don’t have,” Gunsberg said.
Although the Mach-E doesn’t qualify for the credit when purchased, it’s still one of the best EV lease deals available right now, starting at $395 per month. The offer is for 36 months with no down payment required.
2025 Ford F-150 Lightning (Source: Ford)
Ford isn’t the only one preparing for big changes over the next few months. Honda extended its ultra-low lease offer on the Prologue until the end of September. Hyundai and Kia are slashing prices with generous discounts ahead of the deadline. The 2025 Hyundai IONIQ 5 might be the best EV deal at just $179 per month right now.
Looking to snag the savings while they are still available? You can use our links below to find deals on top-selling electric vehicles in your area.
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A Tesla engineer admitted in court that Tesla didn’t maintain Autopilot crash records before 2018, 3 years after launching the ADAS system, in a trial over the death of a bystander in a crash involving Autopilot.
Tesla is currently on trial in Miami over a crash involving a 2019 Tesla Model S that was operating on Autopilot.
The case attempts to place some responsibility on Tesla for creating complacency with drivers, who were led to believe Autopilot could do more than it actually could.
George McGee was driving his Model S on Autopilot in Key Largo in April 2019 when he dropped his phone and looked down to pick it up when the car blew past a stop sign at a T intersection, and crashed into a parked Chevrolet Tahoe.
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22-year-old Naibel Benavides Leon and her boyfriend Dillon Angulo were standing next to the parked Tahoe. Benavides died and Angulo was seriously injured.
The police charged McGee with reckless driving, but the families of the victims sued both McGee and Tesla. McGee settled with the plaintiffs, but Tesla hasn’t.
The automaker has been sued many times over fatal crashes related to its Autopilot and Full Self-Driving systems. Recently, Tesla settled a few of those lawsuits, but this one is the first to make it to trial.
The plaintiffs allege that Tesla’s communications regarding Autopilot have led drivers, such as McGee, to become complacent and use Autopilot in a manner that led to this crash. They also claim that Tesla misrepresented the safety of Autopilot and failed to deploy proper driver monitoring to ensure its safe use.
The trial started on Monday and on Thursday, the jury heard testimony from Tesla software engineer Akshay Phatak who said that Tesla didn’t even complete records of Autopilot crashes before March 2018 (via Law360):
At the end of the first day of testimony, jurors watched part of the videotaped deposition of Tesla software engineer Akshay Phatak in which he said Tesla did not maintain records before March 2018 for evaluating whether it was safer to operate Tesla vehicles with the autopilot engaged or shut off.
When asked if Tesla maintained records or data before 2018 that kept track of the number of crashes that occurred per vehicle mile driven with the autopilot engaged, he replied simply, “No.”
That’s despite Tesla launching Autopilot almost 3 years prior. The jury will hear more of Phatak’s deposition today after Tesla attempted to keep it out of court over claims that it contains “sensitive trade secrets.”
Plaintiffs also challenged Tesla’s Autopilot safety report. We previously highlighted how Tesla suddenly stopped reporting the statistics and only started again a year later, while updating older data.
Dr. Mendel Singer testified on Tuesday and highlighted the discrepancy:
He noted that Tesla offered corrections to the vehicle safety report in January 2023 after finding some errors and miscounts. The crash data for when the autopilot was on stayed about the same, but the crash rate for when the autopilot was off went up by about 50% in the updated report, he said.
Mary Cummings, a professor and director of the Autonomy and Robotics Center at George Mason University and a longtime critic of Tesla’s self-driving efforts, is expected to testify today.
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General Motors and Redwood Materials are joining forces to take EV battery tech beyond the road and onto the grid. The two companies just signed a non-binding memorandum of understanding that sets the stage for turning both new and second-life GM batteries into energy storage systems to support the US’s rising electricity demand.
The collaboration aims to help the grid keep up with the surge in power-hungry applications, from AI data centers to electrified transport and industry.
“The market for grid-scale batteries and backup power isn’t just expanding, it’s becoming essential infrastructure,” said Kurt Kelty, GM’s VP of batteries, propulsion, and sustainability. “Electricity demand is climbing, and it’s only going to accelerate… GM batteries can play an integral role.”
Redwood launched a new venture in June called Redwood Energy that repurposes both new and used EV battery packs into fast and cost-effective energy storage systems. Today’s announcement allows Redwood to use second-life batteries from GM EVs and new GM battery modules to create US-built energy storage systems.
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This isn’t just a future plan – it’s already happening. GM’s repurposed EV batteries are currently powering the biggest second-life battery project in the world. Located in Sparks, Nevada, Redwood’s 12MW/63MWh installation is also the largest microgrid in North America and supports Crusoe, an AI infrastructure company.
“Electricity demand is accelerating at an unprecedented pace,” said JB Straubel, Redwood’s founder and CEO. “Both GM’s second-life EV batteries and new batteries can be deployed in Redwood’s energy storage systems, delivering fast, flexible power solutions.”
And the timing couldn’t be better. AI data centers alone are expected to triple their share of US electricity use, from 4.4% in 2023 to 12% by 2028. That’s driving the urgent need for scalable, domestic energy storage.
GM and Redwood Materials say they’ll share more details on their plans later this year.
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