Polestar Annual Sustainability Report announces a 25% cut in emissions per sold car

GOTHENBURG, SWEDEN – 15 April 2025. Polestar’s fourth Annual Sustainability report announces significant GHG reductions, updates on the Polestar 0 project and a continued quest for increased transparency and more sustainable materials. Since the Company started measuring in 2020, Polestar has reduced its carbon footprint per sold car with a quarter (24.7%). The most significant contributing factors to this achievement include an increased use of low-carbon aluminium in all models, improvements in battery manufacturing, 100% renewable electricity in the manufacture of all models and more efficient logistics combined with increased use of biofuels on certain ocean routes.

Michael Lohscheller, Polestar CEO, says: “Polestar has shown that it is possible to decouple growth from climate impact. In simple terms, we aim to continue to cut emissions as we accelerate sales. Even though much in the world seems to be going in the wrong direction, we are doubling down on our commitments. When the world zigs, Polestar zags.”

The Polestar 0 project was launched in 2021, as a moonshot goal to create a climate neutral car, aimed at galvanising a sense of urgency and accelerating collaborative research, supporting Polestar’s goal of becoming climate neutral by 2040. Today, the project partners and Polestar are proud to announce that across the companies’ combined initiatives, important low carbon solutions have been identified, showing the potential to produce a Polestar 2 with a 10 tonnes lower carbon footprint than when the project started*.

 

The largest contributions are within aluminium and steel manufacturing, key materials for decarbonisation as they represent around 45% of the total cradle-to gate carbon footprint of Polestar 2. Moving into its next stage, the structure of the Polestar 0 project will shift, with areas that require further research serving as input to the Mission 0 House**, a Polestar-initiated but collaboratively driven and funded research centre. Located in Gothenburg, the research hub hosts scientists from academia and engineers from industry, who work side by side, towards elimination of GHG emissions in materials, products and processes. As a key principle, the ambition is to consider commercialisation of future potential solutions developed by the Mission 0 House.

 

Circularity, Inclusion and Transparency remain key areas. Polestar joined the Initiative for Responsible Mining Assurance (IRMA) and continued the expansion of onsite audits in high-risk regions. Traceability of risk materials was expanded to include the mapping of manganese, among others. Polestar continues its efforts to increase both data availability and share of recycled content from car programs to model year upgrades and Polestar 4 now contains 10% recycled material.

 

Read Polestar's full Sustainability report here: https://www.polestar.com/dato-assets/11286/1744370504-polestar_sustainability_report_2024.pdf

Ends.

 

Notes to editors

*The cradle-to-gate carbon footprint of the 2020 launch edition Polestar 2 Long range Dual motor variant would go from about 26 tonnes to 16 tonnes of CO2e by fully incorporating the solutions identified within the partnerships.

**Read more about Mission 0 House in our sustainability report on page 79

Evi Boits

Communications Manager, oona agency

Stefanie De Belder

 

 

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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 27 markets globally across North America, Europe and Asia Pacific. 

Polestar has three models in its line-up: Polestar 2, Polestar 3, and Polestar 4. Planned models include the Polestar 5 four-door GT (to be introduced in 2025), the Polestar 6 roadster and the Polestar 7 compact SUV. 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

Certain statements in this press release (“Press Release”) may be considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or the future financial or operating performance of Polestar. For example, projections of revenue, volumes and other financial or operating metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.

These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Polestar and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) Polestar’s ability to maintain agreements or partnerships with its strategic partners, such as Volvo Cars, Geely or Xingji Meizu Group, and to develop new agreements or partnerships; (2) Polestar’s ability to maintain relationships with its existing suppliers, and source new suppliers for its critical components, and to complete building out its supply chain, while effectively managing the risks due to such relationships; (3) Polestar’s reliance on its partnerships with vehicle charging networks to provide charging solutions for its vehicles and its reliance on strategic partners for servicing its vehicles and their integrated software; (4) Polestar’s reliance on its partners, some of which may have limited experience with electric vehicles, to manufacture vehicles at a high volume or develop devices, products, apps or operating systems for Polestar, and on the allocation of sufficient production capacity or resources to Polestar by its partners in order for Polestar to be able to increase its vehicle production capacities and product offerings; (5) competition, the ability of Polestar to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (6) Polestar’s estimates of expenses and profitability; (7) increases in costs, disruption of supply or shortage of materials, in particular for lithium-ion cells or semiconductors; (8) the possibility that Polestar may be adversely affected by other economic, business, and/or competitive factors; (9) the effects of competition and the high barriers to entry in the automotive industry, and the pace and depth of electric vehicle adoption generally on Polestar’s future business; (10) changes in regulatory requirements, governmental incentives and fuel and energy prices; (11) the outcome of any legal proceedings that may be instituted against Polestar or others; (12) the ability to meet stock exchange listing standards; (13) risks associated with changes in applicable laws or regulations and with Polestar’s international operations; (14) Polestar’s ability to establish its brand and capture additional market share, and the risks associated with negative press or reputational harm, including from lithium-ion battery cells catching fire or venting smoke; (15) delays in the design, development, manufacture, launch and financing of Polestar’s vehicles and other product offerings, and Polestar’s reliance on a limited number of vehicle models to generate revenues; (16) Polestar’s ability to continuously and rapidly innovate, develop and market new products; (17) risks related to future market adoption of Polestar’s offerings; (18) risks related to Polestar’s distribution model; (19) the impact of the global COVID-19 pandemic, inflation, interest rate changes, the ongoing conflict between Ukraine and Russia, supply chain disruptions and logistical constraints on Polestar, Polestar’s projected results of operations, financial performance or other financial and operational metrics, or on any of the foregoing risks; and (20) other 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 SEC by Polestar. There may be additional risks that Polestar presently does not know or that Polestar currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.

Nothing in this Press Release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Polestar assumes no obligation to update these forward-looking statements, even if new information becomes available in the future.