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Volvo’s Polestar unveils electric car touted as Tesla rival

POLESTAR VIA ASSOCIATED PRESS

The Polestar 2 electric car in Spain. Volvo’s electric performance brand Polestar is unveiling a battery-powered compact car which is to be shown at next month’s Geneva auto show, becomes available in 2020.

FRANKFURT, Germany >> Volvo’s electric performance brand Polestar is unveiling a battery-powered compact car touted as a rival to Tesla’s Model 3.

The Polestar 2 is a five-door vehicle with a panoramic glass roof, an all-vegan interior and a battery with enough capacity to drive 500 kilometers under European tests for range measurement, or 275 miles under U.S. testing rules.

With 408 horsepower, it should accelerate from zero to 0-62 mph in under five seconds. Polestar said today that the car’s U.S. price for the launch version will be $55,500 after tax incentives; later a lower-priced version with less range is envisioned.

The car, to be shown at next month’s Geneva auto show, becomes available in 2020.

Volvo Car Group, headquartered in Goteborg, Sweden, is a subsidiary of Chinese automaker Geely.

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