The 2024 Polestar 2 Long Rande Dual Motor lease is now reportedly $299 for 27 months, exclusive of a $3,299 due at signing.
Thanks to the $10,000 Polestar Clean Vehicle Incentive, the lease is roughly $120 less per month. The deal is only available until May 31.
According to a vehicle research portal, a $50 monthly payment reduction and a $2,050 reduction will be required at signing. Consequently, the monthly effective cost decreased by $126, from $547 to $421 before taxes and fees.
Amazingly, the Polestar 2 Dual Motor and the Single Motor versions have the same lease pricing, making the Polestar 2 Dual Motor (list price $55,300) a considerably better deal to lease. Electrek states that essentially makes the Dual Motor variant an upgrade for free.
The automaker's first entirely electric vehicle, the Polestar 2, debuted in 2019. It debuted in the middle of 2020, and in August of 2023, the 150,000th car came off the assembly line.
Polestar's official website says the customer's monthly lease payment may change depending on the MSRP. The $3,000 down payment, the $299 first month's payment, and the $0 security deposit are all due at signing.
Additional fees payable at signing include registration, license, tax, title, and dealer fees. Any applicable taxes are not included in the advertised payment.
Read Also: Eli Electric Rolls Out $11,900 Two-Seater Micro EVs in the US
EV Incentives
The Polestar Clean Vehicle Incentive is only one of the many incentives centered on electric vehicles. Just this January, the Environmental Protection Agency (EPA) stated that it will spend $1 billion to buy nearly 2,700 clean school buses in 280 school districts across 37 states.
Almost $2 billion has been granted through the EPA's Clean School Bus Program, financing about 5,000 electric and low-emission school buses nationwide to date.
The Environmental Protection Agency suggested a fast ramp-up into electric vehicles over a year ago. If the rule had been implemented, two-thirds of all sales vehicles would have been electric by the end of this decade. Recently, the EPA put the brakes on that plan.
To satisfy strict pollution standards, the administration permits plug-in hybrids, or cars with gas engines and EV-like batteries, to play a considerably more significant role in the electric transition than forcing automakers to sell more EVs.
According to sources, federal experts state that the rule will reduce pollution almost as much as the original proposal, which included emissions that were harmful to human health and planet-warming emissions totaling over 7 billion metric tons.
It also does not favor electric vehicles over other vehicle types. The new regulation is anticipated to cut pollution from passenger cars by almost half by 2032 compared to 2026.
Republicans on Biden's EV Push
Recently, Republican lawmakers have stepped up their efforts to undermine President Biden's climate policy, concentrating on the EPA emissions rules and EV tax credits.
The Republican action targets two major cornerstones of Biden's climate measures: the EPA's recently completed standards to reduce tailpipe emissions and tax incentives for EV purchases.
Republican lawmakers are introducing bills and legal actions to oppose these policies, claiming that they will negatively affect consumers and businesses.
Twenty-five Republican attorneys general filed a lawsuit last month challenging the EPA's mandate to cut automobile greenhouse gas emissions by 2032. They claim these rules will negatively impact the auto industry and its workforce.
Related Article: Tesla in China: Robotaxi Trials Possible After Elon Musk's Beijing Visit
(Photo: Tech Times)
