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Half-Price Polestar 4 EV Faces US Exit

New York Times Business •
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The Polestar 4, a favorably reviewed luxury electric crossover, is available at nearly half price due to current incentives, but buyers should proceed with caution. The Chinese-owned brand, owned by Geely, will exit the U.S. market after the 2026 model year after failing to meet a new federal security standard for connected vehicle software. The base model lists for $56,400, but after a $25,000 incentive, the price drops to $31,400, making it competitive with economy EVs and used Teslas.

Analysts call it a potential bargain, with average discounts reaching 49.8 percent in July. However, the exit raises concerns about long-term service and parts availability, especially since Polestar will rely on Volvo franchises for support. Some dealers and lawmakers question whether the regulatory compliance issue is a pretext for exiting a struggling market, with Senator Bernie Moreno suggesting Polestar is using the rule as an excuse after losing $35,000 per car.

Polestar denies these claims, stating it fought to remain in the U.S. The company has pledged continued service through the Polestar Promise, though experts caution the vehicle may not suit risk-averse buyers.