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03 November 2023

Daily Newsletter

03 November 2023

Polestar partners with Ohme and Octopus Energy in UK

Three-way partnership offers incentives for drivers

Dani Cole November 03 2023

Geely-owned EV brand Polestar has formed two strategic partnerships in the UK with home energy provider Ohme and green energy provider Octopus Energy.

The long-term partnership offers retail and fleet customers purchasing a new or pre-owned car, a preferential price starting at £925 for an Ohme charger with standard installation.

In addition, if Polestar customers switch their energy supply to Octopus Energy, they will be offered credit and up to 8% discount on public charging through the Electroverse App.

Head of Polestar UK, Jonathan Goodman said: “Our partnership with Ohme and Octopus makes this process easier, simple and effective for our customers and at the same time offers significant off-peak savings.”

Earlier this month automaker Mercedes-Benz announced it had selected Ohme as its official charging partner in the UK.

High upfront costs could be detrimental towards the growth of the off-highway EV market

The global off-highway electric market is expected to grow at a CAGR of 17.4% by 2030, per GlobalData. Despite the strong growth, high upfront costs may pose a challenge. Due to the high capacity of these vehicles, they consume large amounts of power from a number of battery packs installed on the vehicle, whose high cost in turn adds to the cost of the vehicle, thereby increasing the initial cost. However, governments worldwide are offering subsidies and tax exemptions in order to help customers to counter the initial purchase cost.

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