Polestar is exiting the U.S. market.
The company announced on Thursday that its time in the U.S. will come to an unceremonious end after the 2027 model year. Polestar will continue to sell its existing stock and will support Polestar owners in the U.S. after departing the market.
The decision comes as a result of the Connected Vehicle Rule, a U.S. Department of Commerce policy that restricts the sale of "connected vehicles by connected vehicle manufacturers owned by, controlled by, or subject to the jurisdiction or direction of China or Russia."
We got a ride in the highly anticipated, $25,000 Slate truck at the company's design headquarters in California. After the short trip, we have more questions than answers.
Will the Slate hit big like the Chrysler PT Cruiser and then fade away into jokiness? Or will it endure and become a fixture in the market?