Pricing for the Polestar 2 electric performance fastback has now been confirmed for all European launch markets.

Volvo's car will retail at a price of €59,000. For North America, the price of Polestar 2 is around $63,000.

The car enters production in early 2020 and initial deliveries will begin from June.

Polestar 2 has an extremely high specification for initial production, including options such as the Pilot package and Plus package. Routine servicing and maintenance, for the first three years, with pick-up and delivery, is also included.

In terms of performance, the Polestar 2 houses a 78 kWh lithium-ion battery and the electric powertrain produces around 300 kW or 402 HP. The Polestar 2 electric car can accelerate from 0-60 mph in 4.7 seconds. The car features a suite of driver aids, including the Pilot Assist, helping to ensure that the high-performance drive is also a safe one. The panoramic roof keeps the cabin light and airy, while pixel headlights provide maximum illumination at all times.

The Polestar 2 electric car has a heated radar and sensor at the front of the car. It is heated to melt the snow, making this car easier to function in northern areas. It also comes with an adaptive high beam assist, a feature that adjusts the intensity of the high beam for the oncoming traffic.

Volvo hasn’t confirmed the range of the car but it is said to deliver around 311 miles on a single charge based on the European WLTP cycle. The car does feature 150 kWh fast charging though, which isn’t groundbreaking considering Tesla is offering up to 250 kWh charging.

The infotainment system powered by Android Automotive OS delivers Google Assistant, Google Maps and the Google Play Store. Phone-as-Key further underlines the digital nature of the vehicle, while a Harmon Kardon sound system is also included.

Polestar 2 on-the-road pricing in European launch markets, including routine servicing and maintenance for the first three years and VAT, from:

• Norway NOK 469,000
• Sweden SEK 659,000
• Germany EUR 58,800
• United Kingdom GBP 49,900
• The Netherlands EUR 59,800
• Belgium EUR 59,800

Reservations are currently possible at Polestar.com where prospective buyers can reserve their place in the queue with a fully refundable deposit.

With a digital retail model, all Polestar cars will be purchased online and directly from Polestar. The brand will be opening Polestar Spaces where Polestar Specialists will be able to assist the company's customers with product information and test drives. The first of these inner-city locations will open before the end of 2019, with a total of 50 spaces planned globally by the end of 2020.

Guide pricing for North America (USD 63,000) and China (RMB 460,000) remains consistent with the company's previous announcement.

However, Volvo could have disappointed many fans with the high price of the Polestar 2. Volvo fans were expecting something around $40,000 to give tough competition to the Model 3.