The Polestar 2 is a 5 door all-electric crossover car produced by Swedish carmaker Volvo as part of their Polestar sub-brand. The Polestar 2, an all-electric sports sedan by the Geely-owned electric car brand Polestar. The Geely-owned electric car brand Polestar is looking to compete with the best-selling Tesla Model 3, adding range and lowering its starting price. Polestar announced that it is offering the one-motor version of its Polestar 2 for the 2022 model year, with an estimated range of 265 miles, and an initial price of $47,200 (all prices inclusive of destination). Geely-owned electric car brand Polestar has not revealed the performance specs of the single-motor variant of the Polestar 2, but the automaker says that a 284-hp, four-motor version will return in 2022.
Polestar 1 was the brands first Polestar car, a Halo vehicle, and had an overall production of 1,500 units in three years, starting in 2019. After rebooting the Polestar as an independent, electric brand way back in 2017, the Polestar had somewhat an embarrassing, yet intriguing, beginning when they unveiled their first car, the Polestar 1. Polestar began producing highly-performance versions of Volvos cars, creating Polestar as its own brand, and spun Polestar off from Volvo as its own company in a June 2022 IPO. Swedish EV manufacturer Polestar spun off of Volvo in 2017, now established itself as an independent brand for EVs, although enjoys particular technical and engineering synergies with Volvo Cars, and benefits from considerable economies of scale as a result, according to the company.
Polestar, a Swedish manufacturer of electric performance cars, has begun delivery of new electric cars, the Polestar 2, to Hertz under an agreement announced in April 2022, in which Polestar will provide 65,000 cars over the next five years until 2022. The sales will also help Polestar, a Swedish electric vehicle maker, to build up its own vehicle fleet. The sales also will help bring EVs to the wider public. The deal will allow leasing organisation Hertz to purchase battery-powered models to be used across Europe, the United States, and Australia, in a move that will allow more motorists to take advantage of electric cars, which are still more expensive than their gasoline alternatives.
At the same time, Polestar is cutting the expected number of vehicles sold to customers in 2022 from 65,000 to about 50,000 units. The announcement may make things look grim, but the new sales figures show EV maker Polestar is well on the way to meeting its goal of 65. Polestar announced its vehicle sales increased nearly 125% to 21,200 units during the first half of 2022, up from 9,510 the previous year.
With that strong showing, Polestar reiterated the goal for the entire year for Polestar of producing 50,000 cars. This is a major next step toward the goal for electric vehicle maker Polestar to deliver 290,000 cars – 10 times the number sold in 2021, said Thomas Ingenlath. In fact, he is already selling nearly as many cars this year as in the whole of 2021.
In addition to its first EV SUV, Polestar is looking to fill out its EV lineup even more, with both a new SUV and a hatchback on the way. It would be the first SUV from Polestar, and it would sit above the Polestar 2 for pricing, which would start at about $75,000. Unfortunately, Polestars CEO, Thomas Ingenlath, did not disclose any new specifications, but what we know is that his first EV SUV will feature a two-motor drivetrain, battery that is designed to provide about a 372-mile range, and autonomous driving modes using LiDAR. Polestar says that the Polestar 4, expected to be another SUV, is expected to come out in 2023, while the Polostar 5 sedan is set to come out in 2024.
Then, all eyes will turn to the Polestar Precept, an electric futuristic concept expected to arrive in 2024. Polestars fully electric vehicle would slot into the luxury premium segment. Polestar will market more sports-oriented cars, and pursue sports-oriented development projects which do not fit the Volvo brand. CEO Thomas Ingenlath (a former head of design at Volvo himself) hinted the USPs new EV company will focus on building quality and completeness in new electric cars, as well as ownership experiences, rather than YouTube-friendly 0-62-mph times.
Polestar, a Swedish brand with premium performance EVs, has done studies which found 55% of U.S. drivers buy an EV for reasons beyond the environment benefits. A new independent poll commissioned by Polestar has found that 55 percent of EV buyers are not mostly worried about their carsenvironmental benefits, and are more concerned with the technology that it is interfacing with. Nearly half (46%) of all respondents are most open to new brands and startups like Polestar when it comes to buying an electric vehicle.
The Polestar 2 Electric Performance Fastback is the first full-electric, mass-market vehicle from the company. The Polestar 2 has dual electric motors (408 horsepower and 487 pound-feet of torque per system), one at the front and one at the rear, providing four-wheel drive with a rear-drive bias and electronic torque vectoring. Polestar 1, however, was a plug-in hybrid car, and was a limited-production model, making Polestar 2 Volvos first full-scale, mass-production, electric-powered Polestar car. In 2024, the 4-door GT electric Polestar 5 is planned for release as a production evolution of the Polestar Precept, the concept car from Manifesto, which Polestar released in 2020, which shows the brands vision for the future in terms of design, technology, and sustainability.