Volvo will use its new Polestar brand to take on Tesla’s Model 3 with a long-range electric car offered under a subscription service in 2019.
The Swedish carmaker has spun out Polestar into a separate electrified marque to focus on high performance cars and drive the group into fully electric vehicles.
On Tuesday the company announced plans for the first three vehicles under the name, and details of a new all-inclusive pay-monthly service that it believes reduces the “hassle” of car ownership.