2024 Polestar 2 EV Swaps The Engine For More Horsepower And Gets Better Range Too

Polestar 2 facing foward at an angle.
Volvo is stepping up its game in the EV market through its Polestar division, which is rolling out a significantly upgraded Polestar 2, it's five-door electric performance fastback. For the 2024 model year, the retooled Polestar 2 gets an engine upgrade that promises "substantial increases in both efficiency and performance," along with a high-tech front end that borrows from the Polestar 3's design language.

The end result is a different looking car than last year's model, though there's more here than just visual changes. Polestar made the 2024 model faster for a more spiriting driving experience (for those who want it) while simultaneously increasing its range.

Top-down view of the 2024 Polestar 2.

"Typically in the car industry, a facelift introduces superficial visual changes that often destroy the original intention of the car’s design theme. With the new model year Polestar 2, we rather went below the surface and upgraded substantial tech and mechanical components of the electric drivetrain. This is the best Polestar 2 yet, and with the updated front design with the new SmartZone, the best looking one, too," says Polestar CEO, Thomas Ingenlath.

The base single-motor model is now rear-wheel driven powered by a newly developed permanent magnet motor and silicon carbide inverter. It outputs 299 HP, a big increase from 231 HP in last year's model. According to Polestar, this translates to a 0-60 MPH time of 6.2 seconds. Not whiplash inducing, but certainly respectable.

Front view of the 2024 Polestar 2.

Meanwhile, the dual-motor model sees a more modest gain from 408 HP to 421 HP, for a 0-60 MPH time of just 4.5 seconds. That's close to Ford Mustang GT territory, as a point of reference. Buyers can also opt for a performance package that cranks out 476 HP for even peppier 4.2-second 0-60 MPH time.

All of the Polestar 2 variants feature upgraded lithium-ion batteries with improved cell chemistry and other tweaks. What it all boils down to is a combination of faster charging rates and longer range. More specifically, the long-range single-motor variant is rated for up to 395 miles, while both the dual-motor options can go up to 368 miles.

Closeup of the front wheel on the 2024 Polestar 2.

Polestar is also offering a standard-range single-motor model with 272 HP and a range of 322 miles.

"Despite the larger batteries, more powerful motors, longer range and more exciting performance, carbon emissions for versions with the new 82 kWh battery have come down by 1.1 tons to 5.9 tons per car (previously 7 tons per car), thanks to improved cell chemistry. A full life cycle assessment (LCA) is planned later in 2023," Polestar says.

All Polestar 2 models are available to order now in Europe starting at €50,190 for the standard-range single-motor model, €53,890 for the long-range single-motor model, €58,190 for the long-range dual-motor variant, and €64,690 for the long-range dual-motor model with the performance package.

US pricing and availability have not yet been announced. As a point of reference, last year's model started at $45,900 for the single-motor EV and $53,300 for the dual-motor model.