2021 Polestar Polestar 1True Cost of Ownership in China
619 hp hybrid. Full cost breakdown including import duty (15%), VAT (13%), insurance, fuel at ¥1.1/L, maintenance, and depreciation.
Purchase Price
$201K
Base: $155K
Annual Total
$46K
Insurance + fuel + maintenance
Import Duty
$23K
15% of base price
VAT
$23K
13% applied
Annual Insurance
$1K
Avg for this country
5-Year Total
$434K
Purchase + 5yr running costs
2021 Polestar Polestar 1 — Full Cost Breakdown in China
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $155K |
| Import Duty (15%) | $23K |
| VAT / Sales Tax (13%) | $23K |
| Total Purchase Price | $201K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $986 |
| Annual Depreciation | $43K |
| Registration & Road Tax | $900 |
| Total Annual Running Cost | $46K |
| 5-Year Total Cost of Ownership | $434K |
| Cost Per Kilometer | $3.096 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Polestar Polestar 1 Fuel Cost Calculator — China
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
⚡ Electric Vehicle
The Polestar Polestar 1 runs on electricity. No fuel costs apply. Charging costs vary by electricity tariff in China.
$0 Fuel Cost
Electric vehicle — no gasoline required
Polestar Polestar 1 Depreciation Curve
The Polestar Polestar 1 loses approximately $88K (57%) of its value over 5 years.
Year-by-Year Value
| New | $155K | 100% |
| Year 1 | $112K | 72% |
| Year 2 | $96K | 62% |
| Year 3 | $84K | 54% |
| Year 4 | $74K | 48% |
| Year 5 | $67K | 43% |
Depreciation based on electric segment averages.
Polestar Polestar 1 vs. Competitors in China
How does the Polestar Polestar 1 compare to similar cars available in China?
Polestar
Polestar 1
Base Price
$155K
Annual Cost in China
$46K
Tesla
Model 3
Base Price
$42K
Annual Cost in China
$5K
Hyundai
IONIQ 6
Base Price
$39K
Annual Cost in China
$5K
BMW
i4
Base Price
$56K
Annual Cost in China
$8K
Annual costs estimated for China market. Import duty (15%) and VAT (13%) applied to all models.
🇨🇳 Owning a Car in China
License plate lottery in major cities.
Very Expensive for China
Annual car costs = 387% of average China income ($12K/yr)
Average Annual Income
$12K
In China
Fuel Price
¥1.10/L
Mixed dominant
Avg Car Insurance
$1K
Per year
Import Duty
15%
On vehicle value
VAT / Sales Tax
13%
Applied at purchase
Driving Side
Right-hand
Asia
Popular Car Brands in China
Polestar Polestar 1 in China — Frequently Asked Questions
Common questions about owning a Polestar Polestar 1 in China.
The 2021 Polestar Polestar 1 has a base price of $155,000 USD. In China, after 15% import duty and 13% VAT, the total purchase price is approximately $201,423 USD (¥201,423 CNY).