Expert Insights

Polestar 3 Electric SUV: Full Pricing and Range Details

Laurance Yap
April 3, 2024
The new electric SUV from Polestar, the Polestar 3, will soon be arriving in the U.S., and it’s coming with more range, and at a lower price, than originally anticipated. Plus, the company will soon be manufacturing in America, making the Polestar 3 eligible for tax incentives.
Polestar 3 driving on tree-lined road

More Range and a Lower Price for Polestar 3

Polestar hasn’t even started delivering its new Polestar 3 electric SUV in the U.S., and it’s already gotten better, and cheaper. Set to arrive on American shores in the second half of 2024, the Polestar 3 combines sleek Scandinavian style with a spacious interior and powerful all-wheel drive electric performance. And now, it’s going to be $10,500 cheaper than originally expected, with more EPA-estimated range than before, as well.

someone with gloves touching Polestar 3 close up

Polestar 3 Long Range Pricing

The entry-level Polestar 3 Long Range Dual Motor has a starting MSRP of $73,400 plus $1,400 destination – instead of the $83,900 that was originally announced. Featuring two motors, it features a large 111-kWh battery and delivers 489 hp, for a 0-60 mph time of 5.0 seconds. Standard equipment includes the Pilot Pack, which has a full suite of driver assistance features, automated parking assistance, lane change assistant, and heads-up display. The EPA estimated combined range is now 315 miles – an increase of 15 miles, or 5 percent compared to original estimates.

Drivers wanting more tech and luxury can upgrade with the Plus Pack, which adds $5,500 to the starting MSRP of the Long Range Dual Motor. The Plus Pack adds a stunning 1,610-watt Bowers & Wilkins sound system with 25 speakers and a huge fresh-air subwoofer; the choice of sustainable MicroTech or wool seats; 21-inch wheels, and heated rear seats. Externally, the Plus Pack versions are distinguished by a different wheel design.

517 hp for Polestar 3 Performance Pack

An extra $6,000 buys a Performance Pack upgrade – making for a starting MSRP of $79,400 for the Long Range Dual Motor Performance model, and $84,900 when the Plus Pack is added. The Performance pack upgrades the Polestar 3’s chassis tuning for increased responsiveness. Power output from the twin electric motors is increased to a total of 517 hp and 617 lb-ft of torque, while the 0-60 mph sprint is reduced to 4.6 seconds.

Visual cues to the improved performance of the model include and it has 22-inch forged “performance” wheels as well as “Swedish Gold” accents, including brake calipers, some interior trim, and the seat belts. The larger wheels and grippier tires do have an impact on range, which is estimated by the EPA at 279 miles. While that’s less than the regular Long Range Dual Motor models, it is 9 miles more than originally announced, or 3.3 percent.

Polestar 3 Electric SUV in factory

Made in USA Starting in Late 2024

The Polestar 3 has been developed on a brand new, all-electric platform developed by and shared with Volvo. As such, it features a raft of high-tech components, including new core computing systems from NVIDIA and a huge list of advanced safety features.

Currently, the Polestar 3 is produced in Chengdu, China, which means it is not eligible for the $7,500 federal tax incentive. However, the $7,500 incentive is available if you lease. And those wishing to purchase will be able to claim the credit later in 2024 and into 2025, because Polestar will be commencing production of the Polestar 3 in South Carolina. At least for models under the federal $80,000 price cap, that could make this very attractive SUV an even more attractive financial proposition.