Your Definitive Guide to the new Polestar 4 Electric Car Lease

The new Polestar 4 electric car lease - Your definitive guide

There have been a few positive announcements in the EV industry lately to combat some of the conjecture which is suggesting that EVs are maybe not the future solution that has been foretold. Indeed, the recent issues that Fisker has encountered, coupled with the onslaught of robust Chinese EVs, has made for ripe anti-EV headlines.

But on a more positive front, many manufacturers have been confirming their commitment and dedication to the all-electric market through the upcoming vehicle options which are due to launch over the next 12 months. One exciting, and luxury, option which has garnered plenty of attention is the upcoming Polestar 4 SUV Coupe, which will see Polestar bringing a suitable alternative to the Tesla Model Y within their product line-up.

For many company directors in the UK, the company car choice has been far more interesting since HMRC decided to change the taxation policies on these vehicles. Historically, many board members and senior management would have a significant quandary in what vehicle to run and how to finance it.

Because many petrol and diesel vehicles are subject to a more punitive taxation system under the Benefit-in-Kind rules (especially for higher value luxury cars with more prevalent emissions), some directors would look at other solutions like pickup trucks and vans (due to the beneficial tax treatment of commercial vehicles), plug-in hybrid electric vehicles or cash for car allowances.

With regards to the latter, there was a considerable increase in directors taking higher salaries in order to pay for a vehicle on a personal solution, such as a PCP or contract hire.

The philosophy is that the income tax payable on the additional salary (40%) is better overall for the employer and the employee, than the level of tax payable on the company car arrangement. Many atypical SUVs like the BMW X5, Range Rover Sport or Mercedes GLE would normally be carried out on these arrangements.

However, to support the pro-EV culture in the UK, our Government confirmed that zero-emission vehicles would be subject to an incredible tax arrangement when procured through a company car scheme or salary sacrifice scheme.

Because EVs have zero tailpipe emissions, the BiK was originally set at 0%; which effectively translated as a free company car! Fast forward to 2024 and there is still only a moderate 2% BiK payable for having an EV as your next business vehicle. In practical terms, this means a monthly income tax liability on the Polestar 4 for around £40 a month (vehicle and specification dependent).

When compared on a like for like comparison against a traditional combustion option, you are looking at savings of many hundreds of pounds per month in tax. And before the protagonists suggest there is a sacrifice or lack of choice with EVs, there perhaps needs to be more due diligence. Moderns EVs are bringing some incredible ranges, charging capabilities and performance aspects to UK drivers.

When you throw in facets like Bidirectional charging and the synergy with our homes, you see the true potential for this fuel type. Plus choice is no longer a reliable excuse; at e-car lease we now have over 1,000 different vehicles in all-electric format to review. This includes all derivatives like estates, SUVs, sports car and performance. The true difficulty is knowing which one is best for you or the company.

One electric-only manufacturer trying to win your business is the Polestar group. With a new sense of direction and identity since their partial separation from Volvo , this will be a distinct all-electric brand albeit with Volvo as their servicing and maintenance partners.

The new Polestar 4 is described as a “Performance SUV Innovative Coupe by the engineering team. With some similarities to the fastback Polestar 2, this model brings ride elevation and family functionality to the BEV market. One of the unique facets is the removal of a rear window and a replacement with a HD camera to improve both internal cabin space and rearward view / security.

Also interesting is the addition of liquid crystals in the electrochromic glass roof which ensures transparency or opaque in an instant. There will be 2 key battery options for customers to choose from including:

•  Long range single motor - from £59,990; and 
• Long range dual motor - from £66,990  

But how does the Polestar 4 Single Motor perform?

The RWD SUV option will have a 94 kWh usable battery which will offer 0 – 62 times of 7.4 seconds, 112 mph top speeds and 200 kW (or 268 hp). Expect a combined winter range of 260 miles with warmer weather allowing for 350 miles.

On charging, the 22 kW AC max will allow 5 hours and 15 min 0 – 100% charging times with the 200 kW DC maximum allowing 31 minute 10 – 80% times. A cargo volume of 526L is available with this car. It has a vehicle fuel equivalent of 131 mpg. This option can tow 750kg (unbraked) and 1500kg (braked). There will be Bidirectional charging with the V2L announced for this option. A Heat Pump is standard.

But how does the Polestar 4 Dual Motor perform?

The RWD SUV option will have a 94 kWh usable battery which will offer 0 – 62 times of 3.8 seconds, 124 mph top speeds and 400 kW (or 536 hp). Expect a combined winter range of 245 miles with warmer weather allowing for 325miles.

On charging, the 22 kW AC max will allow 5 hours and 15 min 0 – 100% charging times with the 200 kW DC maximum allowing 31 minute 10 – 80% times. A cargo volume of 526L is available with this car. It has a vehicle fuel equivalent of 123 mpg. This option can tow 750kg (unbraked) and 1500kg (braked). There will be Bidirectional charging with the V2L announced for this option. A Heat Pump is standard.

Key standard options on the Polestar 4

Include heated/folding/electrically adjustable door mirrors, LED headlights, approach puddle lights, rain sensors, power-operated soft closing tailgate, UV and noise reducing panoramic roof, 8-way electrically adjustable driver seat, heated front seats, climate control, CleanZone air filtration.

10” driver display, 15” centre display, high-performance audio, 12 ultrasonic parking sensors, parking cameras, preventative safety (like the ADAS, adaptive cruise, intelligent speed, lane keeping aid, driver alert control, blind spot and post-impact braking).

In terms of warranty - you get a 3-year warranty (or 60,000 miles), 8-year battery warranty (or 100,000 miles) and a 12-year corrosion warranty. Service intervals are every 2 years or 18,750 miles, plus 3-year roadside assistance.

On colours, choose between Magnesium, Snow, Electron, Space and the Gold. Inside you can have the Charcoal MicroTech or the Mist tailored knit. Upgrade to Nappa leather seats (black or white) for leather with ventilation, massaging and headrest speakers. On Upgrade packages you can add :

• Pro Pack (currently standard) - Harman Kardon sound system, HUD, illuminated deco interior, Pixel LED headlights, power-operated tailgate, rear control screen, 12-way seats and power reclining seats. Plus the 22kW AC Plus Pack upgrade;     
• Pilot Pack - for Pilot Assist and Lane change assist;
• Pro Pack - 21” alloys and gold striped seat belt; and
• Performance Pack - for 11” alloys, Engineered chassis, Brembo brakes and Swedish gold accents.

Other options includes the Electrochromic glass roof, body-coloured exterior, privacy glass, fully electrically retractable towbar and an array of charging cables / equipment.

With options ready for delivery in the UK by September/October 2024, could the Polestar 4 be your perfect business lease?

Use the Polestar website to build your perfect EV and then head to our dedicated section at -

Browse our Polestar 4 Lease deals

To speak to the EV experts call us on 01942 910 001  or email us at [email protected]