NEWS

Hertz Orders 65,000 Polestar Electric Cars

April 4, 2022

Polestar got a huge boost today from rental giant Hertz, who is proving to be a major player in the switch to electrification. Hertz is following up its highly-publicized 100,000 unit Tesla order with another massive electric car order. This time, from Swedish performance brand Polestar.

“We are excited to partner with Polestar, and look forward to introducing their premium EV products into our retail and rideshare fleets,” says Hertz CEO Stephen Scherr, who said the cars would be used in both Hertz’ retail and rideshare fleets. “Today’s partnership with Polestar further builds on our ambition to become a leading participant in the modern mobility ecosystem and doing so as an environmentally-forward company. By working with EV industry leaders like Polestar, we can help accelerate the adoption of electrification while providing renters, corporate customers and rideshare partners a premium EV product, exceptional experience and lower carbon footprint.”

Polestar 2

65,000 units would be big news for any carmaker, but it’s especially big news for Polestar. While smaller than the 100,000-unit Tesla order, the 65,000 order is more than double the company’s entire sales for last year (29,000 units). And, sure, the Hertz order is spread out over five years, but hot new models and expansion into some exciting new market segments will help drive that growth, as well.

Polestar seems pretty excited about the deal. “Polestar is committed to accelerating the move to electric mobility with a fascinating and innovative product portfolio,” said Polestar CEO, Thomas Ingenlath, in a statement. “We are delighted that Hertz has chosen Polestar as a strategic partner on their road to electrification. 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’ short- and longer-term mobility requirements. For many of them it may be the first time they have driven an EV, and it will be a Polestar.”

By presenting electric cars to tourists and rideshare drivers as a better, easier, and more convenient option than gas, Hertz is significantly moving the needle when it comes to public EV awareness and education.