Popular electric car price slashed by up to $15,000: 2024 Polestar 2 electric car delivers 310kW and AWD for just over $60k to undercut BYD Seal and Tesla Model 3 but there are strings attached...

Polestar is offering a whole pile of money off its electric car as the Chinese-owned Swedish EV specialist looks to shift more metal in Australia. 

Far from calling it a ‘discount’ – the brand doesn’t like the word – the lower Polestar pricing is valid for orders placed until June 9, 2024 and savings add up to a maximum $15,000. An end-of-financial year special, the offer is also only valid on vehicles delivered by June 30.

It brings the price-of-entry of a base Polestar 2 Standard Range Single Motor (SRSM, 546km driving range) to $62,400 before on-road costs – a saving of $5000 making the Polestar $3500 dearer than a Tesla Model 3 RWD. But you can make the deal even better if you forego any options.

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Omit the popular Pilot pack ($3500), Plus pack ($6000) and Performance pack ($9000, Dual Motor only) for a Pure Spec and Polestar will give you another $5000 cash back after on-road costs. This applies to all grades.

Pure Spec models can have 20-inch alloy wheels added. 

Polestar is also offering $7500 off the base price of Long Range Single Motor (LRSM, 655km driving range) and a whopping $10,000 off the 310kW Long Range Dual Motor (593km driving range). 

Any option pack can be added and you’ll still receive cash off the price.

Polestar's enticing pricing won't be around for long.

While the base car’s price is enticing, it’s the fact you can get a 310kW AWD sedan that hits 100km/h from rest in 4.5 seconds for effectively $61,400 before you factor in on-road costs that’s most exciting. It means the Polestar even undercuts BYD’s Seal Performance. 

Polestar is the latest carmaker to usher in drastic savings to promote EV sales ahead of the end of financial year. 

BYD cut $8000 from Atto 3 demonstrators, Tesla carved margin from its whole range, Peugeot knocked a third off its e-2008 SUV (which is now sold out) and Nissan chopped a chunk from Leaf pricing.

Plenty of other brands are discounting their EVs.

Polestar has delivered 448 examples of its 2 lifted sedan this year, short of the BMW i4 (663) and a long way adrift of Tesla’s dominant Model 3 sedan (6865). 

The price cut comes as a surprise after Polestar Australia Managing Director Samantha Johnson told CarsGuide “we don’t do discounts” at the updated sedan's launch in August 2023.

It remains to be seen if cheaper prices will increase local sales of the Polestar 2.

Polestar 2 pricing (before on-road costs, valid until June 9, 2024)