Polestar reveals its first all-electric car and direct competitor to the Tesla Model 3. The Polestar 2 will go zero to 60 in under five seconds and will have an expected driving range of 275 miles.
The base price for the Polestar 2 will be around 40,000 euros, the equivalent of about $45,000. That's roughly the starting price of a Tesla Model 3 today. Like Tesla, though, Polestar will produce more expensive versions of its car first. The Launch Edition of the Polestar 2, which will be made during the first 12 months of production, will cost about 60,000 euros, the equivalent of about $68,000.The Polestar brand will sell only plug-in cars.
The grill on the Polestar 2 houses sensors for automated driving and parking.Read MoreWhile the car is available for purchase, the company will heavily market a subscription plan under which drivers will pay a monthly fee that includes insurance costs as well as the cost of the car itself in a single monthly payment. The rates for the subscription service have not been decided upon, a Polestar spokesman said.
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