Polestar 3 Pricing Announced With Huge $7,500 Lease Incentive

Polestar’s first SUV, the all-electric Polestar 3 will be hitting the US with a $7,500 purchase incentive in the US for lessees. In addition to the incentive announcement, Polestar has also released pricing for the lineup. The Polestar 3 Long Range Dual Motor trim starts at $85,900 MSRP including $1,400 in destination charges. The only other available trim is the Long Range Dual Motor with Performance Pack, which starts at $91,300 MSRP. Notably, the Polestar’s $85K starting price point disqualifies it from the $7,500 federal tax credit, which requires a car to be priced under $80K to qualify.

There is a caveat worth mentioning that helps justify the pricing for the new electric SUV. Polestar includes several packages as standard with the model. For example, the base Long Range model includes the Pilot pack and the Plus pack, as specified by the automaker’s configurator. The latter equips the SUV with a litany of new driver assistance features, including Pilot Assist, Polestar’s Level 2 driver aid system that will steer and control speed and following distance for the driver. The package also includes lane change assistance, parking assistance, and a color head-up display. Polestar’s included Plus pack is more luxury-oriented, adding wool upholstery, a Bowers & Wilkins sound system, aluminum trim, an acoustic laminated windscreen, and more standard equipment like heated seats and steering wheel, air filtration, and soft-close doors. The automaker even includes clever fold-up floor dividers with grocery bag loops.

Functionally, all opting for the 3’s highest trim level does is equip the Performance Pack. This adds some sporty Polestar features like a more powerful drivetrain (571 horses over 483) with constant all-wheel drive. This also dings the SUV’s range a little, with the base model’s estimated 300 miles of range falling to 270 for the Performance Pack. Polestar also retunes the 3’s chassis with the package, adding higher spring rates and semi-active dampers to the mix, along with sportier Pirelli P Zero tires. These are fitted over up-sized 22-inch wheels, and most importantly, Polestar adds killer Swedish Gold accents to the seat belts and valve caps. There’s also a golden strip of ambient lighting across the climate vents.

There is an optional $5,000 Pilot Pack with LiDAR, which Polestar says enhances its Pilot Pack with additional cameras and a LiDAR unit for better object recognition in low light and at long ranges, which enhances the driver assistance functions of the car. It also adds a camera cleaning function and upgraded software to help support the new LiDAR unit. With the lease incentive, it’ll be possible to have a Polestar 3 under $80,000 (though this still doesn’t make it qualify for the tax credit) and Polestar says deliveries are expected to begin in the first quarter of 2024, though opting for the LiDAR package pushes that back to the fourth quarter of 2024.

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Chase Bierenkoven
Chase Bierenkoven

Chase is an automotive journalist with years of experience in the industry. He writes for outlets like Edmunds and AutoGuide, among many others. When not writing, Chase is in front of the camera over at The Overrun, his YouTube channel run alongside his friend and co-host Jobe Teehan. If he's not writing reviews of the latest in cars or producing industry coverage, Chase is at home in the driver's seat of his own (usually German) sports cars.

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