Polestar 3

[SWoll]

SDK said:

The larger battery is in the one we are talking about - Re: referencing the higher cost.
Obviously the lower cost models will have a smaller battery, but the spec and price of those hasn't been announced yet, so we aren't talking about those.

I think we we're talking about the comparative price to the P2, with the P3 looking to cost £70-100k versus £45-60k for a P2 dependent on spec.

[Meeten-5dulx]

SWoll said:

I think we we're talking about the comparative price to the P2, with the P3 looking to cost £70-100k versus £45-60k for a P2 dependent on spec.

But if most people are going to lease it, it’s the depreciation that really matters

(I understand there are other factors)

[SDK]

So the P3 was launched today and the specs are the same as the leaked update in early August.

I’ve placed an order for the LR version due next November.
Perfect timing for the end of the 3 year lease on my P2.

[SWoll]

SDK said:

So the P3 was launched today and the specs are the same as the leaked update in early August.

I’ve placed an order for the LR version due next November.
Perfect timing for the end of the 3 year lease on my P2.

Blimey, wasn't expecting to be able to option one up to almost £100k quite so easily. That puts it up against some pretty serious rivals and is a signficant jump from the P2 which always looked good value?

[TheRainMaker]

At 80K I can't see them selling many.

The cost of new cars is getting out of hand.

[Murph7355]

Like it a lot, but our next car is also going to need 7-seats (probably the last we have that will). So no good for us.

Will wait and see what the XC90 replacement looks like. Hopefully our current XC90 has a couple of years left in it (will have passed 100k miles by then, and leads a tough life).

[SWoll]

TheRainMaker said:

At 80K I can't see them selling many.

The cost of new cars is getting out of hand.

And that's with zero options. Want leather, any colour other than silver, 1" bigger wheels and matrix headlights and you're at £90k.

[TheRainMaker]

SWoll said:

TheRainMaker said:

At 80K I can't see them selling many.

The cost of new cars is getting out of hand.

And that's with zero options. Want leather, any colour other than silver, 1" bigger wheels and matrix headlights and you're at £90k.

I really can't see where the extra money has gone, I know the battery is slightly bigger and it has air suspension as standard, but still...

My Polestar 2 was optioned with the Plus pack, Pilot pack and paint upgrade, matrix headlights were included in one of the packs. I think the list price was around £54000.00 ish a year ago.

[sasha320]

McAndy said:

Are manufacturers trying to price people out of private ownership?

This. It is clear that manufacturers wish to retain ownership of the asset for longer and get more profit out of each chassis; and also to reduce dependence on new cars for revenue.

As there’s still no backlash to the environmental impact of producing a new car.

When there is, we will question / legislate whether to keep old cars on the road for longer and that’s where reliable electric vehicles come in with OTA optional extras that can be tailored to the latest lease user.

Already manufacturers are expecting to own the car for the first two PCP owners before passing it on the ‘owners’ market. Once they are able to warrant electric cars for over 200k miles, with fewer moving parts and ever cheaper electrical components they’ll start leasing the car to a third and fourth user - giving each one a choice of OTA optional extras.

The spanner in the works are interest rates, the lease model with high choice works on low rate finance but if there’s little / no depreciation because of fixed supply then it is the consumer who will have to pay the higher interest rates or get the bus.

[Benny Saltstein]

TheRainMaker said:

At 80K I can't see them selling many.

The cost of new cars is getting out of hand.

Isn't a base Taycan £80k ish? Obviously no-one ends up with a base Taycan but they seem to be pitching the Polestar 3 at a very high level.

[Murph7355]

Benny Saltstein said:

TheRainMaker said:

At 80K I can't see them selling many.

The cost of new cars is getting out of hand.

Isn't a base Taycan £80k ish? Obviously no-one ends up with a base Taycan but they seem to be pitching the Polestar 3 at a very high level.

All premium cars seem to be expensive these days.

A hybrid XC90 is 75k+. I reckon the electric version will start there and go into 100k territory easily.

Range Rover.... Defenders seem to start at 60k? Range Rovers at 95k+??

Everything seems to have gone nuts "overnight" (I use quotes as in my head "yesterday" I paid less than these amounts for a nearly new Ferrari... But yesterday was over 20yrs ago ).

Still, prices in the last 5yrs or so do seem to have gone up a lot on any car with a premium feel.

[TheDeuce]

Benny Saltstein said:

TheRainMaker said:

At 80K I can't see them selling many.

The cost of new cars is getting out of hand.

Isn't a base Taycan £80k ish? Obviously no-one ends up with a base Taycan but they seem to be pitching the Polestar 3 at a very high level.

It does seem too much for a Polestar. They're very nice cars but other EV's will pip them in terms of luxury and comfort and as to your point, other EV's quite easily on performance too. The Polestar seems to live in between the worlds of luxury and performance, not doing amazing things in either sphere but an all round very competent car no doubt.

It's also brand new and that always seems to demand a premium.. And these days that premium can be as high as they dream up because realistically, more people will want to buy it than they can produce cars for.

[DMZ]

Tbh I'm not 100% sure I get how value is defined with EVs but this one seems about right to me. I haven't studied the detail but I think you need to spend an awful lot more on an iX, as an example, to get a comparable battery and power output to pick two somewhat relevant metrics in a 2,500kg-ish EV. Somebody should probably take the exterior of the Polestar 3 and combine it with the interior of the iX and we'd be onto a winner.

[SDK]

DMZ said:

Tbh I'm not 100% sure I get how value is defined with EVs but this one seems about right to me. I haven't studied the detail but I think you need to spend an awful lot more on an iX, as an example, to get a comparable battery and power output to pick two somewhat relevant metrics in a 2,500kg-ish EV. Somebody should probably take the exterior of the Polestar 3 and combine it with the interior of the iX and we'd be onto a winner.

Exactly - I was researching larger EV SUV's before I ordered the P3.

The BMW iX50 is another £22k more than the P3 Performance, which is nearly identical battery size, range, spec and performance.


Also remember, the Polestar 4 being launched in 2024 needs to slot in between the P2 and P3 price.

[SDK]

TheRainMaker said:

I really can't see where the extra money has gone, I know the battery is slightly bigger and it has air suspension as standard, but still...

My Polestar 2 was optioned with the Plus pack, Pilot pack and paint upgrade, matrix headlights were included in one of the packs. I think the list price was around £54000.00 ish a year ago.

The battery is more than slightly bigger
-> P2 : 75kWh
-> P3 : 111 kWh.

That's 33% more battery.

Also - There is more power and torque being sent to the wheels

You will probably need to sit in one and drive it to appreciate the difference

[SWoll]

Benny Saltstein said:

TheRainMaker said:

At 80K I can't see them selling many.

The cost of new cars is getting out of hand.

Isn't a base Taycan £80k ish? Obviously no-one ends up with a base Taycan but they seem to be pitching the Polestar 3 at a very high level.

Base taycan is £75k. For the cost of a P3 with paint, leather and matrix headlights you're into Taycan 4S Sport Turismo territory at £87.5k. The P3 has better range and is more practical but that still sounds like a tough sell to me, and that's without consideing the EV Macan that's on the horizon?

[SDK]

SWoll said:

Base taycan is £75k. For the cost of a P3 with paint, leather and matrix headlights you're into Taycan 4S Sport Turismo territory at £87.5k. The P3 has better range and is more practical but that still sounds like a tough sell to me, and that's without consideing the EV Macan that's on the horizon?

The problem with the Taycan is the spec is very basic - you need to add most things as options, usually about £20k's worth to bring up to the spec of the P2 and 3.
Unless you're happy paying £87k for a badge and receiving a poverty spec car

The P3 is a Porsche Cayenne sized competitor
The P4 is the Macan size Polestar car


This is the Polestar model range plan slide from the Business plan presentation last October

Edited by SDK on Thursday 13th October 16:50

[oop north]

SDK said:

The battery is more than slightly bigger
-> P2 : 75kWh
-> P3 : 111 kWh.

That's 33% more battery.

Also - There is more power and torque being sent to the wheels

You will probably need to sit in one and drive it to appreciate the difference

Try 48% more battery, not 33%

I need to see one in the metal and drive it to know if it’s “worth” £80k - but adding matrix lights, metallic paint and leather to a Taycan coats even more…

The size of the boot is similar to the iX. Which isn’t enough (for me)

[SDK]

oop north said:

Try 48% more battery, not 33%

ermm, unless my maths is failing me it's about 33%

75 (Polestar 2) / 111 (Polestar 3) * 100 = 67.5%

[TheDeuce]

SDK said:

oop north said:

Try 48% more battery, not 33%

ermm, unless my maths is failing me it's about 33%

75 (Polestar 2) / 111 (Polestar 3) * 100 = 67.5%

Back to front. The 2 has 33% less than the 3.

The 3 has 48% more than the 2.