Business

Volvo Polestar brand unveils EV that aims to rival Model 3

 

Tesla is facing another potential rival in the electric vehicle market.

Polestar, Volvo’s standalone electric vehicle brand, is unveiling its Polestar 2 model, a five-door car  that will contain two electric motors. According to the company, the car is targeted to travel up to 275 miles on a single charge with its 78kWh battery. With about 408 horsepower, the vehicle can go from 0 to 60 mph in less than five seconds.

The launch edition of the Polestar 2 will cost $63,000 before $7,500 in federal incentives. Production of the car will begin in China in early 2020, and prospective customers can pre-order online at polestar.com.

Polestar said its car is meant to compete with Tesla’s Model 3. Earlier this week, Tesla announced a $35,000 version of its EV.  Previously, the Model 3 had a starting price of about $44,000. Tesla’s pricier models, the Model S and Model X, have starting prices of $94,000 and $97,000, respectively.

Autoplay

Show Thumbnails

Show Captions

Everything about the vehicle “has been designed and engineered with passion and dedication,” Polestar CEO Thomas Ingenlath said in a statement. “As an electric performance brand, and through the forthcoming launch of a portfolio of fully electric cars, Polestar is determined to address the world’s air quality challenges.”

Competitor move: Tesla announces long-promised $35,000 Model 3

Highest-rated vehicles: These are the 10 best cars, SUVs and pickups of 2019, according to Consumer Reports

The EV will also have an infotainment system powered by Android. With this installation, Google services — such as Google Assistant and Google Maps — will be embedded into the car. Moreover, the car will use phone-as-key technology.

Autoplay

Show Thumbnails

Show Captions

Follow USA TODAY intern Ben Tobin on Twitter: @TobinBen

Read or Share this story: https://www.usatoday.com/story/money/cars/2019/03/01/volvo-announces-polestar-2-electric-vehicle-compete-tesla/3026542002/




Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Close
Back to top button
Close
Close