Hertz Inks Deal for 65k Polestars Over 5 Years

The new global strategic partnership between the two brands is part of a plan to accelerate electric vehicle adoption.

April 4, 2022

Hertz Inks Deal for 65k Polestars Over 5 Years — Hertz will receive the Polestar 2, with vehicles arriving in late 2022 in North America and Australia and spring 2022 in Europe.
Photo: Polestar

2 min to read

Swedish electric vehicle maker Polestar and Hertz announced a new global partnership on April 4. According to a press release, the deal includes a purchase of up to 65,000 electric vehicles over five years.

The partnership with Polestar builds on Hertz's announcement last October to add 100,000 Teslas to its fleet. Hertz is also extending EVs to Uber drivers as a way to further accelerate electrification.

"We are excited to partner with Polestar and look forward to introducing their premium EV products into our retail and rideshare fleets," said Stephen Scherr, Hertz CEO. "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 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 previously announced its intention to list on Nasdaq New York in a proposed business combination with Gores Guggenheim, Inc., which is expected to close in the second quarter of 2022.

"Polestar is committed to accelerating the move to electric mobility with a fascinating and innovative product portfolio," said Polestar CEO Thomas Ingenlath. "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."

Hertz will initially order the Polestar 2.

Availability is expected to begin in spring 2022 in Europe and late 2022 in North America and Australia.

Topics:Polestar Hertz Electric Vehicles Global Fleet

Originally posted on Auto Rental News

More Global Fleet

A person holding a clipboard and writing on an inspection checklist beside the wheel of a large white vehicle, likely conducting a fleet or safety inspection.

Cameras, Safety and Insurance: From Reactive Claims to Real-time Prevention

Commercial auto remains one of the most challenging and costly lines of coverage for fleet operators and insurers alike. Learn more about how to effectively address these issues from Onur Aksan, Enterprise Business Development Executive, Geotab.

Cover of a whitepaper titled “The Hidden Costs of Departmentally Assigned Vehicles on Your Fleet” featuring a black fleet vehicle driving on a road at sunset. Subheadline reads: “Discover how your fleet can reduce costs and minimize risk by implementing vehicle sharing.” The document focuses on fleet optimization, vehicle sharing, cost reduction, utilization tracking, and risk management for fleet operations.

Why Fleet Managers Are Replacing Departmental Vehicles with Shared Motor Pools

Departmentally assigned vehicles often create hidden costs through underutilization, poor visibility, and increased administrative burden. This white paper explores how shared motor pool strategies help fleets reduce costs, improve accountability, and optimize vehicle utilization.

Fleet Costs Are Rising: Here’s How Leaders Are Responding

Fleet leaders are under pressure to reduce costs, adapt to economic uncertainty, and make smarter decisions. See how peers across North America are responding with real data, proven strategies, and forward-looking insights. Download the 2026 Market Pulse Report to benchmark your strategy and uncover where you can gain an edge.