Polestar has cut prices across its Canadian range by as much as C$15,000 ($10,700) with limited-time offers that run to the end of September, as the brand leans on a market it has named a priority after being barred from selling new cars in the US.
Configurator pages on its website now show “limited offer” pricing on the Polestar 4 coupe, Polestar 3 and Polestar 2. The offers combine cash discounts, a C$5,000 ($3,600) EV bonus funded by Polestar and, as an alternative to the cash, 0% financing.
Polestar’s terms say the cash discounts are available only to buyers who pay cash or arrange their own financing, and cannot be combined with financing through Polestar Financial Services.
Every published offer requires delivery by September 30, the last day of the quarter. The price cut was first noticed by X user ‘SimplyGregster’.
Polestar 4 Coupe
The Polestar 4 coupe takes the deepest cuts.
Polestar dropped the rear-motor variant to C$49,900 ($35,600) from C$64,900 and the dual-motor to C$54,900 ($39,100) from C$69,900, a C$15,000 reduction on both trims. Freight and delivery add C$2,800 to each, according to Polestar’s offer terms.
The reduction combines a C$10,000 cash offer toward a new 2027 Polestar 4 coupe, advertised on the brand’s offers page, with the C$5,000 EV bonus. The offers page links the EV bonus to Polestar’s own lease and finance deals, which exclude the cash offer.
Polestar opened orders for the updated 2027 Polestar 4 coupe at C$67,700 on September 9, with deliveries due to begin in October.
None of Polestar’s three Canadian models qualifies for Ottawa’s C$5,000 EV rebate because of its price cap. The C$5,000 EV bonus functions as the brand’s substitute, a company-funded incentive rather than a government one.
Financing at 0% APR for up to 84 months applies to remaining 2026 model-year Polestar 4 inventory.
The coupe is built at Renault Korea’s plant in Busan, which places it outside Canada’s quota on Chinese-built EVs and under the country’s free-trade agreement with South Korea.
Polestar began taking orders for an SUV version of the Polestar 4 around its first-half results on September 3, with customer deliveries starting in the fourth quarter. As of Monday, the Canadian website showed only the coupe, and Canadian pricing and timing for the SUV have not been announced.
Existing Polestar owners and eligible household members can claim a C$1,500 ($1,100) loyalty bonus toward an in-stock 2026 Polestar 4 or a new 2027 Polestar 2 or Polestar 3. The programme expires September 30.
Polestar 2 and Polestar 3
The Polestar 2 Long range Dual motor drops C$13,000 to C$56,900 ($40,500), from the C$69,900 at which the model returned to Canadian showrooms in June after Ottawa cut Chinese EV tariffs to 6.1% from the 100% rate imposed in 2024.
The reduction combines an C$8,000 cash offer with the C$5,000 EV bonus.
The fastback is built in Taizhou, China, and enters Canada under a quota that admits a limited number of Chinese-built EVs at a 6.1% tariff instead of the 100% surtax Ottawa imposed in 2024.
Leasing starts at C$629 per month from C$73,050, and Polestar’s offers page advertises 0% APR financing for up to 84 months on the 2027 Polestar 2.
Polestar 3 prices fall by C$10,000 to C$15,000 depending on the trim, matching its cash offers. The Polestar 3 is not offered with the EV bonus.
The dual-motor is listed at C$95,000 ($67,600), down from C$105,000, and the Performance variant drops to C$105,000 ($74,700) from C$120,000.
A lease is offered at C$1,299 per month from C$108,150, and 0% APR financing applies to 2027 model-year trims.
The SUV is assembled at Volvo’s plant in Ridgeville, South Carolina — the same line that produces Volvo EX90s — and enters Canada subject to the 25% counter-tariff Ottawa applied to US-built vehicles.
Head of Polestar Canada Hugues Bissonnette has said the brand would absorb part of that tariff cost rather than pass the full charge to consumers.
Canada vs US
Canada became Polestar’s only path to new North American sales after the US Department of Commerce denied the brand an exemption from the Connected Vehicle Rule in June.
The regulation bars manufacturers owned or controlled by China from selling connected cars in the United States starting with the 2027 model year — a threshold Polestar crosses because Geely founder Li Shufu and related entities control about two-thirds of the company.
Sister brand Volvo, which shares Geely’s ultimate ownership, won the same authorization and continues to sell in the US.
South of the border, Polestar is running down remaining 2026 model-year stock with discounts as steep as $25,000 on its Polestar 3 and Polestar 4.
No replacement inventory will follow once those units are gone.
CEO Michael Lohscheller said at the time of the US denial that the brand “will continue to invest in markets where we have opportunities to continue to grow,” naming Canada alongside Southeast Asia, Eastern Europe and Latin America.
Polestar’s Canadian portfolio draws on three production bases: the Polestar 2 from Taizhou under the Chinese EV quota, the Polestar 3 from South Carolina, and the Polestar 4 from Busan.
The multi-country sourcing reflects the strategy Bissonnette outlined earlier this year — balancing tariff exposure across trade agreements to keep pricing competitive in a segment where Tesla, Hyundai and BMW all field alternatives at or below Polestar’s pre-discount price points.
Polestar reported a first-half 2026 global retail record of 30,423 vehicles, up 0.4%, though its net loss reached $842 million and cash fell to $888 million at June 30.
Management cut full-year volume guidance to low-to-mid single-digit growth.
