Polestar inks deal with Hertz to supply 65,000 electric vehicles

By Editor


Rental car firm Hertz Global Holdings would buy up to 65,000 electric vehicles over five years from Swedish EV maker Polestar.

Hertz said Polestar electric cars would be available beginning this spring in Europe and later in 2022 in North America and Australia.

The Florida-based rental car company said that it would initially order the Polestar 2 sedan.

Hertz in October announced its order to purchase 100,000 electric cars from Tesla, primarily the EV maker’s Model 3.

In March, Hertz added Tesla’s mid-size SUV Model Y to its electric vehicle fleet, according to the car rental firm’s website.

Polestar, which was founded by China’s Geely and Volvo Cars, is set to merge with special purpose acquisition company (SPAC) Gores Guggenheim this year.

Polestar reported that it nearly tripled volumes in 2021 and anticipates more than doubling volumes again this year. Polestar expects volumes to reach 290,000 vehicles per year by the end of 2025.

Polestar CEO Thomas Ingenlath said: “The partnership with a global pioneer like Hertz will bring the amazing experience of driving an electric car to a wider audience, satisfying a broad variety of our mutual customers’ mobility requirements. For many of them it may be the first time they have driven an EV, and it will be a Polestar.”

Latest News