It costs how much?! 2023 Polestar 3 goes way up the price scale to target Porsche buyers with sporty new electric car

Polestar has revealed rough pricing for its upcoming Polestar 3 SUV in its home market of Europe.

With an entry point starting from roughly the equivalent of A$112,000 though, it’s not the Tesla-rivalling bargain that the smaller Polestar 2 was at its launch.

Like the Polestar 2, the pricing will work its way up from there, with the top-spec Polestar 3 said to cost in the realm of A$164,000. Although, it is unclear how directly these prices will translate into Australian dollars considering shipping and delivery costs. It is worth noting, however, that Polestar’s pricing strategy is global and the current local pricing of the Polestar 2 is fairly reflective of its price in Europe.

While the pricing for the new Swede-via-China SUV is far removed from the Polestar 2, it is in line with the brand’s previous comments on its intentions, with the price-tag closely mirroring that of the Porsche Cayenne internationally (although, locally the Cayenne starts from a higher $145,100).

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Those hoping for a Polestar to more closely rival the just-launched Tesla Model Y (from $72,300) will have to wait for the Polestar 4, which is said to be sized and priced more closely to the Porsche Macan (from $84,800).

Size-wise the Polestar 3 is larger than a Model Y, but smaller than the Model X, with aggressive styling queues which are much more European coupe SUV than many of its EV rivals.

Compared to the Polestar 2, it is expected the Polestar 3 will debut Polestar’s new ‘P10’ electric motor setup, providing 450kW of power in rear-drive form, or 650kW of power in dual-motor all-wheel drive form. A two-speed transmission was also mooted for this powertrain in the brand’s 2021 investor briefing.

Many Polestar 3 details are yet to emerge, but pricing looks to be nearly double that of the Polestar 2.

It will also launch a new 800-volt battery architecture with up to 600km of driving range. This platform is also expected to be shared with the next-generation Volvo XC90, although Polestar’s offerings are designed to be more “individualistic” and sporty than their family-friendly Volvo equivalents.

The Polestar 3 will also debut a new safety suite employing LiDAR systems supported by NVIDIA hardware as part of a brand partnership.

Australian-delivered Polestar 3s will be sourced from facilities in China as is the case with the Polestar 2. The brand told CarsGuide it is on track to launch the Polestar 3 some time in 2023, with the Polestar 4 mid-sizer to arrive in 2024 and flagship Polestar 5 grand tourer in 2025.

Polestar says it is on track to deliver on its plan of selling 290,000 globally by 2025, going so far as to set a target on the back of its Tesla rival.

Stay tuned for more accurate local pricing, variants, and specifications closer to the Polestar 3’s launch window.