Polestar invited us up to the hills above Malibu for a drive of its new Single motor RWD Polestar 3, a lower-priced version of the brand’s all-electric SUV.
The RWD Polestar 3 is the new more efficient, longer-range version of the brand’s electric SUV with a lower starting price. It recently started production in the US, and is available now and even being shipped out for export to other markets.
Previous versions of the Polestar 3 were both dual motor – the 489hp Dual motor version and 517hp Dual motor Performance version.
The Single motor version deletes the front motor and uses only the rear motor, with 299hp (the number isn’t exactly half because total horsepower is also a function of the amount of power the battery pack can put out).
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As a result of this, the Single motor version does 0-60 in 7.5 seconds, quite a bit slower than the 4.8 and 4.5 seconds of the other models.
It is however nearly 400lbs lighter after deletion of the front motor, and change to coil spring suspension, rather than air suspension on the upper models – and a lighter weight does have its own performance benefits.
These modifications make the Single motor model much more efficient, with 350 miles of range, compared to 315 miles for the Dual motor and 279 miles for the Performance version. All three models use the same hefty 111kWh battery, with the same 250kW peak DC charging rate, capable of charging from 10-80% in 30 minutes.
Polestar called the Single motor 3 “the most efficient Polestar yet” in its presentation to us, which didn’t sound right for an SUV – but it turns out, it does have the same ~350Wh/mi energy consumption rating as the smaller Polestar 2 and 4.
It also shaves nearly $6k off the price, starting at $67,500, compared to $73,400 for the Dual motor or $79,400 for the Performance model.
But how do those differences feel in the real world?
We had a couple hours with the Single motor car, and only a very short drive up and down PCH with the Dual motor Performance as a quick back-to-back comparison. We didn’t get a chance to charge the cars, or to do any sort of realistic range testing.
But we did definitely feel the huge difference in power between these models.
The Performance version predictably has pretty bonkers levels of power, and will really throw your head back when in performance mode.
The Single motor version is much more sedate by comparison. It still has snappy throttle response like one would expect of an electric car, but power was much weaker, especially at higher speeds.
As a result, merging performance was not as exceptional as in other EVs. One great thing about instant torque is that it makes it very easy to get exactly where you want to be, when you want to be there during merges or lane changes.
Regenerative braking also could be stronger. Less motor power also means less regen capacity, and while Polestar did retune regenerative braking for the Single motor version, it didn’t quite feel strong enough to me. I like very strong off-throttle regen, but found myself hitting the brake pedal much more than I’d have liked. Regen is adjustable, but even on the strongest level, I’d have liked more.
However, perhaps unexpectedly, I might have even liked the feel of the throttle more on the Single motor than the Performance. I’ll attempt to explain why.
One thing that Dual motor vehicles often do is put one of the two motors “asleep” when traveling at a consistent speed in order to increase efficiency. Then when power is called for, the car wakes up the second motor.
On the Performance model, if you have “performance” mode turned off, this wakeup takes a second or so, which means pressing the accelerator leads to a ramp-up effect in power delivery. The car’s software smooths this out, but it still feels a little strange.
If “performance” mode is turned on, both motors are always powered – so there’s no ramp-up effect, just unbridled power. But in that case, the car has so much power that it can feel a little jumpy on the throttle.
Meanwhile, with the single motor version, there is no sleeping of the motor, but since the motor is weaker, rough throttle inputs from the driver’s foot are mediated by the fact that there simply isn’t as much power there to jerk you around.
As a result, the Single motor ends up giving a more sedate, but more comfortable driving or riding experience.
On roads as twisty as the ones we drove on, I’ve had poor drive experiences in the past with co-drivers who are perhaps less accustomed to the instant torque of an EV and have a shaky throttle foot. But this time that wasn’t an issue at all – probably due partially to the EV experience of my co-driver, and also partially due to the Single motor’s more sedate character.
Now, the Single motor version’s coil suspension should stand to offer less ride comfort than the air suspension of the Dual motor, but we found no particular discomfort with the new coil suspension system.
We had a lot more time with the Single motor than the Dual, and our time with the Dual was on a smooth section of PCH rather than the curvy mountain roads we spent most of our time on, but I will say that both driving and riding in the Single motor was a plenty comfortable experience.
For comparison, I do not like the suspension in the Polestar 2, so either version of the Polestar 3 is a superior experience to that one.
Other aspects of the Polestar 3 Single motor are the same as the Dual motor version which we’ve reviewed before. For some quick takes on the rest:
The seats are comfortable but I felt the cockpit was maybe a little crowded. I do like the Scandinavian-style sparseness of Tesla cockpits by comparison, and Tesla out-Scandinavian’d the Scandinavians here. If the Tesla cockpit is just a bit too sparse for you, then maybe this will provide the balance you want.
The user interface is good and snappy, with occasional small hiccups (for example, it took maybe a second to load the page with mirror adjustments on it). I’ve experienced one really rough UI in a Polestar before, in a pre-production version of the 4, and this interface does not exhibit the difficulties of that one.
We didn’t get a chance to test any driver assist features, other than lane departure warning, which had a fairly well-balanced intervention level. I do think it’s easy to get this wrong and make the interventions too light or too strong, and this car’s worked pretty well but was perhaps slightly lighter than I’d like.
Can I just point out how much I love this front wing design feature? It reduces frontal area and improves efficiency, adds character, and leverages a benefit that EVs have (smaller engine compartment) to give the car a practical benefit (the Dodge Charger Daytona has a similar front wing, and I love it there too).
It’s not cheap though. The $6k in savings when compared to the Dual motor version are definitely appreciated, but $67,500 is still a steep starting price
Overall, the Polestar 3 Single motor offered a smooth and comfortable ride experience as driver or passenger. If you’re looking at the Polestar 3 but prioritize comfort, efficiency and savings, this new base model offers a compelling package for anyone who knows they won’t be hitting a track or drag strip anytime soon.
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GE Vernova has produced over half the turbines needed for SunZia Wind, which will be the largest wind farm in the Western Hemisphere when it comes online in 2026.
GE Vernova has manufactured enough turbines at its Pensacola, Florida, factory to supply over 1.2 gigawatts (GW) of the turbines needed for the $5 billion, 2.4 GW SunZia Wind, a project milestone. The wind farm will be sited in Lincoln, Torrance, and San Miguel counties in New Mexico.
At a ribbon-cutting event for Pensacola’s new customer experience center, GE Vernova CEO Scott Strazik noted that since 2023, the company has invested around $70 million in the Pensacola factory.
The Pensacola investments are part of the announcement GE Vernova made in January that it will invest nearly $600 million in its US factories and facilities over the next two years to help meet the surging electricity demands globally. GE Vernova says it’s expecting its investments to create more than 1,500 new US jobs.
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Vic Abate, CEO of GE Vernova Wind, said, “Our dedicated employees in Pensacola are working to address increasing energy demands for the US. The workhorse turbines manufactured at this world-class factory are engineered for reliability and scalability, ensuring our customers can meet growing energy demand.”
SunZia Wind and Transmission will create US history’s largest clean energy infrastructure project.
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Circle, the company behind the USDC stablecoin, has filed for an initial public offering and plans to list on the New York Stock Exchange.
The prospectus, filed with the SEC on Tuesday, lays the groundwork for Circle’s long-anticipated entry into the public markets.
JPMorgan Chase and Citigroup are serving as lead underwriters, and the company is reportedly aiming for a valuation of up to $5 billion. It will trade under ticker symbol CRCL.
It marks Circle’s second attempt at going public. A prior merger with a special purpose acquisition company (SPAC) collapsed in late 2022 amid regulatory challenges. Since then, Circle has made strategic moves to position itself closer to the heart of global finance, including the announcement last year that it would relocate its headquarters from Boston to One World Trade Center in New York.
Circle reported $1.68 billion in revenue and reserve income in 2024, up from $1.45 billion in 2023 and $772 million in 2022. The company reported net income last year of about $156 million., down from $268 million a year earlier.
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A successful IPO would make Circle one of the most prominent pure-play crypto companies to list on a U.S. exchange. Coinbase went public through a direct listing in 2021 and has a market cap of about $44 billion.
Circle will be trying to hit the public markets at a volatile moment for tech stocks, with the Nasdaq having just wrapped up its steepest quarterly drop since 2022. The tech IPO market has been mostly dry for over three years, though there are signs of life. Online lender Klarna, digital health company Hinge Health and ticketing marketplace StubHub have all filed their prospectuses recently. Late last week, artificial intelligence infrastructure provider CoreWeave held the biggest IPO for a U.S. venture-backed tech company since 2021. But the company scaled back the offering and the stock had a disappointing first two days of trading before rebounding on Tuesday.
Circle is best known as the issuer of USD Coin (USDC), the world’s second-largest stablecoin by market capitalization.
Pegged one-to-one to the U.S. dollar and backed by cash and short-term Treasury securities, USDC has roughly $60 billion in circulation and makes up about 26% of the total market cap for stablecoins, behind Tether‘s 67% dominance. Its market cap has grown 36% this year, however, compared with Tether’s 5% growth.
The company’s push into public markets reflects a broader moment for the crypto industry, which is enjoying political favor under a more crypto-friendly U.S. administration. The stablecoin sector specifically has been ramping up as the industry gains confidence that the crypto market will get its first piece of U.S. legislation passed and implemented this year, focusing on stablecoins. President Donald Trump has said he hopes lawmakers will send stablecoin legislation to his desk before Congress’s August recess.
Stablecoins’ growth could have investment implications for crypto exchanges like Robinhood and Coinbase as they become a bigger part of crypto trading and cross-border transfers. Coinbase also has an agreement with Circle to share 50% of the revenue of its USDC stablecoin, and Coinbase CEO Brian Armstrong said on the company’s most recent earnings call that it has a “stretch goal to make USDC the number 1 stablecoin.”
The stablecoin market has grown about 11% so far this year and about 47% in the past year, and has become a “systemically important” part of the crypto market, according to Bernstein. Historically, digital assets in this sector have been used for trading and as collateral in decentralized finance (DeFi), and crypto investors watch them closely for evidence of demand, liquidity and activity in the market.
After its meteoric rise in the global auto industry last year, the Chinese EV giant is off to a hot start in 2025. BYD sold over one million EVs and plug-in hybrids in the first three months of the year. Even more impressive, BYD’s overseas sales doubled to start the year as it expands into new markets. With new EVs arriving, some predict BYD could see even more growth this year.
BYD’s overseas sales are surging as new EVs arrive
BYD sold 377,420 new energy vehicles (NEVs) last month alone. Like most Chinese automakers, BYD reports NEV sales, including plug-in hybrids (PHEVs) and fully electric vehicles (EVs).
Of the 371,419 passenger vehicles BYD sold in March, 166,109 were EVs, and the other 205,310 were PHEVs. Combined, BYD’s sales were up 23% compared to last year.
BYD’s Dynasty and Ocean series accounted for 350,615, while its luxury Denza brand sold 12,620, Fang Cheng Bao had 8,051, and its ultra-luxury Yangwang brand sold another 133 models.
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Through the first three months of 2025, BYD sold over one million (1,000,804) NEVs. That’s up 60% from the 626,263 sold in Q1 2024. Fully electric models accounted for 416,388 while PHEV sales reached 569,710, an increase of 39% and 76% from last year, respectively.
BYD Dolphin (left) and Atto 3 (right) at the 2024 Tokyo Spring Festival (Source: BYD Japan)
BYD’s overseas sales reached a new record last month, with 72,723 vehicles sold in markets outside of China. Through March, BYD has sold over 206,000 NEVs overseas, more than double (+110%) the number it sold last year.
BYD has made a name for itself with ultra-low-cost EVs like the Seagull, which starts at under $10,000 in China. In overseas markets, like Mexico, it’s sold as the Dolphin Mini and starts at around 358,800 pesos, or around $20,000.
BYD Seagull EV (Dolphin Mini) testing in Brazil (Source: BYD)
The world’s largest EV maker is quickly expanding into new segments with pickup trucks, smart SUVs, luxury models, and electric supercars rolling out.
Last week, BYD launched the Yangwang U7, its first ultra-luxury electric sedan. With four electric motors, the U7 packs 1,287 horsepower, good for a 0 to 62 mph (0 to 100 km/h) sprint in just 2.9 seconds. It also has up to 720 km (447 miles) CLTC driving range.
BYD Yangwang U7 ultra-luxury electric sedan (Source: Yangwang)
The Porsche Panamera-size EV is loaded with BYD’s top-tier “God’s Eye” A advanced driving assistance system, DiPilot 600, and a host of other premium features. All of that, and it starts at just just 628,000 yuan ($87,700).
In Europe, BYD is aggressively expanding with new vehicles tailored to buyers in the region, like the Sealion 7 midsize SUV and Atto 2. It’s also expected to launch the low-cost Seagull EV in Europe later this year or early 2026 as the “Dolphin Surf.”
BYD’s wide-reaching electric vehicle portfolio (Source: BYD)
According to S&P Global Mobility, BYD’s sales are expected to double in Europe this year to around 186,000. By 2029, that number could reach 400,000 or more.
BYD outsold Honda and Nissan in 2024. As it aims to sell 5.5 million vehicles this year, BYD could be on track to surpass Ford in global sales this year. BYD also aims to sell over 800,000 EVs overseas in 2025, double the number it sold last year.
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