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Feds deny Polestar authorization to sell cars in US from model year 2027
The Swedish EV maker will keep serving existing customers and sell remaining inventory as it shifts focus to Europe, the company said.
- On Thursday, Polestar announced it will end new vehicle sales in the U.S. starting with model year 2027 after the Commerce Department denied import authorization under the Connected Vehicle Rule.
- The Bureau of Industry and Security blocked Polestar due to a 'sufficient nexus' to China via parent company Geely, while regulators granted authorization to Volvo, which shares the same ownership but maintains a larger American operational footprint.
- Polestar will continue selling current inventory of Polestar 3 and Polestar 4 models while maintaining service operations through its 32 U.S. dealers, though future models like the Polestar 5 and 6 will not reach American shores.
- CEO Michael Lohscheller described the exit as a strategic pivot, noting that Europe represents the brand's 'largest growth engine' with 94 percent of first-quarter sales occurring outside the U.S. and confirming planned Polestar 7 production in Europe.
- Moving forward, Polestar will focus investments on growth markets including Southeast Asia, Eastern Europe, Latin America, and Canada as regional dynamics continue to restrict Chinese-connected vehicle imports into the American market.
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21 Articles
Coverage Details
Total News Sources21
Leaning Left4Leaning Right1Center9Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 29%
C 64%
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