Polestar begins delivering on 65,000 electric vehicle partnership with Hertz

Polestar has begun delivering new electric cars to Hertz as part of the deal to supply the rental firm with 65,000 EVs over the next five years.

The partnership between Polestar and Hertz, which was agreed back in April, is one of the largest single orders for electric cars ever made. Hertz is initially receiving Polestar 2 models, but the rental company will also be adding the Polestar 1 electric performance hybrid to its ‘Dream’ fleet.

The Hertz agreement will also include forthcoming Polestar models such as the Polestar 3 electric SUV which has its world premiere in October 2022. From 2022, Polestar plans to launch one new electric vehicle per year, starting with Polestar 3 – the company’s first electric performance SUV. Polestar 4 is expected to follow in 2023, a smaller electric performance SUV coupe.

Thomas Ingenlath, CEO of Polestar, said: “Our partnership with Hertz is an exciting milestone that provides the opportunity for a significant number of potential new customers to experience an EV for the first time, and it will be in a Polestar.

“With over 55,000 Polestar cars already on the road across our 25 live markets there is no doubt that our brand is growing at an incredible pace.”

Darren Arrington, executive vice president, Revenue Management and Fleet Acquisition for Hertz, added: “We’re excited to add this first delivery of Polestars to our fleet, expanding the opportunities for Hertz customers to enjoy the experience of driving an electric vehicle.”

Polestar’s long-term plan is to increase annual sales to approximately 290,000 cars by the end of 2025. This growth is already underway – Polestar has taken over 32,000 customer orders for Polestar 2 since the start of 2022, representing an increase of 290% versus the same period in 2021.