---------- Forwarded message ---------
From: Joyce Segal <joyceck10@gmail.com>
Date: Sat, Nov 2, 2024 at 9:05 AM
Subject: Green tidbit
To: Kim Cooper <kimc0240@gmail.com>
From: Joyce Segal <joyceck10@gmail.com>
Date: Sat, Nov 2, 2024 at 9:05 AM
Subject: Green tidbit
To: Kim Cooper <kimc0240@gmail.com>
Polestar on Friday confirmed its first customer deliveries of U.S.-built electric vehicles.
Every Polestar model to date has been manufactured in China, but the 2025 Polestar 3 is assembled at a South Carolina plant shared with Volvo. Production started there in August following software-related delays.
Polestar has said it will pass on a $7,500 credit for leases, following the approach of other automakers in exploiting what's being called the EV leasing loophole. This allows use of a provision intended for commercial vehicles by automakers with captive financing arms to claim a credit and pass the savings on to customers even if vehicles don't otherwise qualify.
Building cars in the U.S. does at least avoid recently-hiked tariffs on Chinese EVs. In a more complex solution to the same problem, U.S.-market versions of the coupe-like Polestar 4 will be built at a Renault plant in South Korea. That's scheduled to start in the second half of 2025.
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Every Polestar model to date has been manufactured in China, but the 2025 Polestar 3 is assembled at a South Carolina plant shared with Volvo. Production started there in August following software-related delays.
Polestar has said it will pass on a $7,500 credit for leases, following the approach of other automakers in exploiting what's being called the EV leasing loophole. This allows use of a provision intended for commercial vehicles by automakers with captive financing arms to claim a credit and pass the savings on to customers even if vehicles don't otherwise qualify.
Building cars in the U.S. does at least avoid recently-hiked tariffs on Chinese EVs. In a more complex solution to the same problem, U.S.-market versions of the coupe-like Polestar 4 will be built at a Renault plant in South Korea. That's scheduled to start in the second half of 2025.
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