Polestar has increased its company-funded EV Bonus in Canada to C$15,000 ($10,600) for November, tripling the incentive available on the Polestar 2 and Polestar 4 while also extending the offer to the Polestar 3 for the first time.
In the United States, where Polestar is prohibited from selling 2027 model-year vehicles, the automaker continues to clear remaining inventories of the Polestar 3 and Polestar 4 with incentives reaching as high as $25,000, according to listings. Despite the larger incentives, Polestar has not reduced vehicle list prices in either market. Canadian sticker prices remain unchanged from October, and the enhanced EV Bonus is available only through the company’s lease and financing programs, with advertised monthly payments largely unchanged.
However, Polestar has offset much of the added incentive by increasing financing rates on most offers. For both Polestar 3 financing offers, the higher borrowing costs almost entirely offset the additional incentive, limiting the actual financial benefit for customers.
Polestar initially introduced Canadian price reductions of up to C$15,000 ($10,600) in September, combining direct discounts with a C$5,000 EV bonus. These offers required customers to take delivery by September 30. October promotions were less generous, featuring smaller EV bonuses, separate cash discounts and, in some cases, 0% financing for up to 84 months.
For November, Polestar has replaced the previous incentives with a uniform C$15,000 EV Bonus across the Polestar 2, 3 and 4, valid until November 30. Separate cash offers are no longer listed on its Canadian promotional pages.
The latest offers have also lowered configurator prices. The Polestar 2 now starts at C$54,900, while the Polestar 4 starts at C$49,900. The Polestar 3 is priced at C$90,000, with its Dual Motor variant C$5,000 cheaper than its October price following the latest adjustments.
Despite the larger incentive, advertised monthly payments remain unchanged. The Polestar 2 lease, for example, continues to be offered at C$629 ($450) per month for 48 months with no down payment, resulting in a total lease obligation of C$30,192 ($21,400), the same as in October.
The key difference lies in the financing terms. Lease rates have increased across several models, with the Polestar 2 rising to 0.7% from 0%, the Polestar 4 Dual Motor Plus increasing to 3.29% from 2.19%, and the Polestar 3 Dual Motor climbing to 6.64% from 0.9%.
In the United States, Polestar continues to sell its remaining inventory after the Department of Commerce’s Bureau of Industry and Security declined to authorize the brand under the Connected Vehicle Rule beginning with the 2027 model year. The available incentives are tied to existing inventory, with Polestar 3 offers applying to 2025 model-year vehicles and Polestar 4 offers covering 2026 model-year models.
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