Polestar Aims to Sell 80,000 Electric Vehicles in 2023 Following Record Sales in 2022

In 2023, Polestar expects to sell around 80,000 electric vehicles, following a record-breaking year in 2022. In that year, the company sold approximately 51,500 vehicles worldwide, with 21,000 of those sales occurring in the fourth quarter. This marked a year-over-year increase of 80%, making 2022 the best year in the company’s history. The company projects a further increase of 60% in sales in 2023, reaching a total of 80,000 units sold.

ā€œIā€™m proud of the many milestones we achieved in 2022 and in particular the massive team effort that went into delivering our strongest quarter to date ā€“ surpassing our 50,000 global volumes target for the year,ā€ Polestar chief executive Thomas Ingenlath said in a statement. ā€œWe are now fully focused on 2023. There will be the usual quarterly variations, but Iā€™m confident that we will continue to actively manage our supply chain to meet the growing demand forĀ Polestar 2, commence first deliveries of Polestar 3 and launch Polestar 4.ā€

The Polestar 3 is a crucial vehicle for the company’s global expansion, as it is significantly more premium and expensive than the current Polestar 2 sedan. It is intended to compete with high-end SUVs like the Porsche Cayenne, as well as all-electric alternatives such as the Rivian R1S.

The entry-level models of the Polestar 3 come equipped with dual electric motors that generate a combined output of 483 horsepower and 620 lb-ft of torque. For added performance, an optional Power Pack is available, increasing the vehicle’s output to 510 horsepower and 671 lb-ft of torque, resulting in a 0-62 mph acceleration time of 4.7 seconds.

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