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If you’ve been thinking about driving electric, Costco is back with another limited-time deal, and this time it’s on Polestar and Chevy EV models.
The Costco Auto Program has launched an early-spring EV promotion that runs through April 30, 2026. Eligible models in this latest offer include*:
And those savings stack on top of manufacturer incentives from Chevrolet or Polestar. Check out what’s on offer below.
Chevrolet Silverado EV
Eligible Costco members who buy or lease the all-electric 2026 Chevrolet Silverado EV can receive:
– $1,250 for Executive Members
– $1,000 for Non-Executive Members
– Plus any manufacturer incentives they qualify for
The four-wheel-drive Silverado EV is Chevy’s all-electric take on its best-selling pickup. With a GM-estimated 478-mile range, it’s one of the most high-profile electric trucks currently on the market.
Chevy is currently offering $4,000 in customer cash until March 31, and 0% APR for 60 months, plus $250 purchase allowance for current eligible non-GM owners and lessees.
Polestar 4 and Polestar 3
Costco’s deal also applies to two Polestar models:
– The 2026 Polestar 4 electric SUV coupe
– The 2025 Polestar 3 midsize luxury electric SUV
Eligible members can receive:
– $1,250 for Executive Members
– $1,000 for Non-Executive Members
– Plus any manufacturer incentives they qualify for
The Polestar 4 is the brand’s newest electric SUV coupe, while the Polestar 3 sits in the midsize luxury SUV category.
Polestar is offering a $3,000 Loyalty Bonus to lease or purchase a new Polestar 3 or 4 to current and former owners; a $10,000 Clean Vehicle Incentive off MSRP for customers who purchase a new 2026 Polestar 4 vehicle with cash or through standard financing; and a $7,500 Clean Vehicle Incentive off MSRP for customers who finance a new 2026 Polestar 4 vehicle through Polestar Financial Services.
If it’s the Polestar 3 you’re after, the company will provide an $18,000 Polestar Clean Vehicle Incentive off MSRP for customers who purchase a new 2025 Polestar 3 with cash or through 3.99% promotional financing. Also, all EV or gas car owners from BMW, Audi, Mercedes-Benz, Porsche, or Cadillac can apply a $1,000 Conquest Bonus toward the lease or purchase of a new 2025 Polestar 3.
How to claim the Costco discount
To take advantage of the promotion, Costco members can register at CostcoAuto.com/SAVE to receive a promotion certificate. That certificate needs to be presented at a participating dealership for the selected brand.
Members must take delivery of an eligible vehicle by April 30, 2026.
If you’re already shopping for an EV, this is one of those rare cases where membership perks translate into real cash – especially since the discount stacks with automaker incentives. If you were on the fence, it might be worth running the numbers now.
*The hotlinks take you to CarsDirect, where you can find a local dealer that may have the model in stock and will help you find the best deals. CarsDirect is a trusted affiliate partner of Electrek.
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