Polestar Energy offers expanded grid rewards across Europe, reducing total cost of ownership for EV drivers

Polestar helps reduce the total cost of ownership for its customers by adding grid rewards in key European markets with its Polestar Energy offer and introduces car-controlled smart charging.

Europe’s energy system is rapidly shifting, and home charging is becoming an important part of grid stability. By expanding grid rewards and introducing car-controlled smart charging, Polestar is taking an active role in helping drivers charge at the right time, lowering electricity bills while stabilising local grids. This directly addresses a growing consumer need for reliable and affordable home charging.

Launched at the end of 2024 and expanded into 12 European markets by mid 2025, Polestar Energy already offers smart charging and home solar integration. Now, together with its partner Octopus, Polestar is adding grid rewards to the offer in Germany and France*.

Grid rewards enable additional savings by rewarding users for allowing their car to support grid stability through smart charging. As an example, in Germany, Polestar owners using Polestar Energy and an Intelligent Octopus energy contract can save up to 50% on each home charging session, leading up to an annual saving of €300 per year.**

Olivier Loedel, Head of Product Software Management at Polestar, says: “Expanding the offer of grid rewards to more markets marks an important next step in lowering total costs of ownership for Polestar drivers. By unlocking savings of up to €300 per year, we are significantly reducing electricity costs for our customers at a time when energy prices remain high and grid stability is a growing concern across several European markets.”

Polestar has also introduced car-controlled smart charging for Polestar 2 and Polestar 4, rolled out via the Polestar Energy app across all Polestar Energy markets*. With this new capability, drivers no longer need a specific integrated home charger to benefit from smart charging. Instead, when connected, the vehicle itself helps manage charging times based on energy price signals, household demand and grid conditions. This removes one of the biggest barriers for Polestar drivers to adopt smart charging and reduce charging and electricity costs via the Polestar Energy app.

Olivier Loedel adds: “The majority of EV charging happens at home, and cost-efficient, seamless home charging is a key convenience for drivers today. Reducing barriers such as the need for a specific home charger, opens the benefits of Polestar Energy and smart charging to even more Polestar customers.”

Smart charging not only reduces charging and electricity costs; it can also reduce the CO₂e footprint of a vehicle’s use phase by optimising charging for times when electricity prices are lowest – typically when the share of renewable energy in the grid is highest.

In available markets, the Polestar Energy app can be downloaded for free.

*Polestar Energy including smart charging, solar integration markets and grid rewards is available in: Belgium, France, Germany, Netherlands, Switzerland and UK.

Polestar Energy including smart charging and solar integration is available in: Austria, Denmark, Italy, Norway, Spain and Sweden.

**Average annual saving in Germany (based on total house consumption 25,000 kWh). Savings can vary depending on market. Estimated savings are displayed on polestar.com.

About Polestar

Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the change towards a sustainable future. Headquartered in Gothenburg, Sweden, its cars are available in 28 markets globally across North America, Europe and Asia Pacific.

Polestar has four models in its line-up: Polestar 2, Polestar 3, Polestar 4, and Polestar 5. Planned models include the Polestar 7 compact SUV (to be introduced in 2028) and the Polestar 6 roadster. With its vehicles currently manufactured on two continents, North America and Asia, Polestar plans to diversify its manufacturing footprint further, with production of Polestar 7 planned in Europe.

Polestar has an unwavering commitment to sustainability and has set an ambitious roadmap to reach its climate targets: halve greenhouse gas emissions by 2030 per-vehicle-sold and become climate-neutral across its value chain by 2040. Polestar’s comprehensive sustainability strategy covers the four areas of Climate, Transparency, Circularity, and Inclusion.

Forward-Looking Statements

This press release contains statements that are not historical facts, but rather forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Polestar or its management believes or anticipates may occur in the future. All forward-looking statements are based upon, as applicable, our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including those risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Polestar’s Form 20-F, and other documents filed, or to be filed, with the U.S. Securities and Exchange Commission by Polestar. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law.