2024 Polestar Polestar 3True Cost of Ownership in Canada
510 hp all-electric SUV. Full cost breakdown including import duty (6.1%), VAT (5%), insurance, fuel at C$1.2/L, maintenance, and depreciation.
Purchase Price
$84K
Base: $75K
Annual Total
$30K
Insurance + fuel + maintenance
Import Duty
$5K
6.1% of base price
VAT
$4K
5% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$234K
Purchase + 5yr running costs
2024 Polestar Polestar 3 — Full Cost Breakdown in Canada
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $75K |
| Import Duty (6.1%) | $5K |
| VAT / Sales Tax (5%) | $4K |
| Total Purchase Price | $84K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $2K |
| Annual Maintenance | $6K |
| Annual Depreciation | $19K |
| Registration & Road Tax | $600 |
| Total Annual Running Cost | $30K |
| 5-Year Total Cost of Ownership | $234K |
| Cost Per Kilometer | $2.000 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Polestar Polestar 3 Fuel Cost Calculator — Canada
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$2,160
USD equivalent
Monthly Fuel Cost
$180
Per month average
Annual Liters Used
1,800L
At 15,000 km/yr
Cost per 100km
$14.40
12L × C$1.20
Polestar Polestar 3 Depreciation Curve
The Polestar Polestar 3 loses approximately $41K (54%) of its value over 5 years.
Year-by-Year Value
| New | $75K | 100% |
| Year 1 | $56K | 75% |
| Year 2 | $49K | 65% |
| Year 3 | $43K | 57% |
| Year 4 | $38K | 51% |
| Year 5 | $35K | 46% |
Depreciation based on luxury segment averages.
Polestar Polestar 3 vs. Competitors in Canada
How does the Polestar Polestar 3 compare to similar cars available in Canada?
Polestar
Polestar 3
Base Price
$75K
Annual Cost in Canada
$30K
BMW
3 Series
Base Price
$45K
Annual Cost in Canada
$12K
Mercedes-Benz
C-Class
Base Price
$47K
Annual Cost in Canada
$13K
Audi
A4
Base Price
$44K
Annual Cost in Canada
$12K
Annual costs estimated for Canada market. Import duty (6.1%) and VAT (5%) applied to all models.
🇨🇦 Owning a Car in Canada
Insurance varies hugely by province.
Expensive for Canada
Annual car costs = 62% of average Canada income ($48K/yr)
Average Annual Income
$48K
In Canada
Fuel Price
C$1.20/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
6.1%
On vehicle value
VAT / Sales Tax
5%
Applied at purchase
Driving Side
Right-hand
North America
Popular Car Brands in Canada
Polestar Polestar 3 in Canada — Frequently Asked Questions
Common questions about owning a Polestar Polestar 3 in Canada.
The 2024 Polestar Polestar 3 has a base price of $75,000 USD. In Canada, after 6.1% import duty and 5% VAT, the total purchase price is approximately $83,554 USD (C$83,554 CAD).