volvo polestar 1 b
Bruce Newton9 Mar 2018
NEWS

Polestar 1 priced at $240,000

But Aussies are excluded as Volvo's EV brand asks for deposits

More than 6000 people around the globe have expressed an interest in the Polestar 1 plug-in hybrid coupe and they're now being asked to put their money where their mouths are.

In other words ante up a 2500 Euro ($A4000) refundable "reservation fee" to keep themselves on the list for the first model from Volvo's new electrified luxury brand.

The next step after that will be to sign up for the monthly subscription the 2+2 grand tourer will be available via when it goes on sale in 2019, or buy one outright.

The monthly subscription fee, which will cover maintenance, insurance and connected services, is yet to be disclosed by Polestar, but an outright purchase will cost at least 150,000 Euros — about $240,000 in Aussie dollars.

volvo polestar 1 d

But if you're thinking of firing in your deposit, cool your jets because the Polestar 1 is a limited-edition with just 1500 planned for production over three years.

Also, it will only be produced in left-hand drive form and as Australia isn't exactly embracing electrified motoring, we are not one of the 18 markets being offered this car.

Instead, the car is headed for the US, China and various European markets including the UK, even though it is a right-hand drive country. Ninety-five per cent of all expressions of interest have come from these 18 markets.

volvo polestar 1 f

Australia gets its chance when the battery-electric Polestar 2 and Polestar 3 roll out in 2020 and 2022 respectively. They will be built in right-hand drive and will be available in Australia.

The 2, which is described as a compact sedan rival to the Tesla Model 3 with exterior styling based on the Volvo 40.2 concept, is expected to be priced between 40,000 to 50,000 Euros, or up to $A80,000.

The 3, a mid-size SUV, will cost about 100,000 Euros or around $A160,000.

volvo polestar 1 h

"Australia will clearly be in the scope in the future," Polestar global communications chief Duncan Forester told motoring.com.au.

"The 2 will be 10s of thousands of cars and 3 will probably sit between 1 and 2 in terms of volume and price."

The Volvo SPA (Scalable Product Architecture) based 1 and 3 are being built in a new factory in Chengdu, China, while the smaller CMA-based 2's home has yet to be announced.

CMA stands for Compact Modular Architecture and is shared between Volvo, Polestar and another Geely-owned car company, start-up Lynk & Co.

Tags

Volvo
Car News
Performance Cars
Written byBruce Newton
Our team of independent expert car reviewers and journalists
Love every move.
Buy it. Sell it.Love it.
®
Scan to download the carsales app
    DownloadAppCta
    AppStoreDownloadGooglePlayDownload
    Want more info? Here’s our app landing page App Store and the Apple logo are trademarks of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.
    © carsales.com.au Pty Ltd 1999-2025
    In the spirit of reconciliation we acknowledge the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.