Volvo's Polestar is a credible Tesla Model 3 competitor
Volvo announced Wednesday its first all-electric vehicle. The Polestar 2 will go head to head with theThe Polestar brand is a plug-in/EV brand spun off from Volvo, which is owned by Chinese automaker
The car will be for sale to buy, but also available under a subscription plan that covers a usage fee plus insurance. Cars will be ordered through Polestar.com, and deliverable to dealerships/stores near the buyer., is a high-performance plug-in hybrid produced in limited numbers and the Polestar 3, which has not yet been shown yet, is a fully electric SUV. That's really what the market wants–crossover EVs.
The decision to stake out its luxury business under another name is made possible by the success of Tesla, which has established a true EV business case in the luxury space.
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