Hertz Global beefs up its electric fleet, but chooses a Tesla rival

Hertz is accelerating its efforts to have a fleet of mostly electric rental cars. The company announced on Monday that it will buy 65,000 electric vehicles from Tesla rival Polestar (which will merge with SPAC Gores Guggenheim). Consisting mainly of the Polestar 2 sports sedan, the purchases will be spread over five years. Availability is expected to begin in the spring in Europe and later this year in North America and Australia. “Today’s partnership with Polestar reinforces our ambition to become a leading player in the modern mobility ecosystem and to do so as an environmentally responsible company. By working with leaders in the “EV industry like Polestar, we can help accelerate the adoption of electrification while providing rental companies, corporate customers and ridesharing partners with a premium EV product, exceptional experience and reduced carbon footprint,” said Stephen Scherr, CEO of Hertz.

The agreement with Polestar follows one signed at the end of last year with Tesla. Hertz had announced in October that it had ordered 100,000 Tesla Model 3s, which should be delivered at the end of 2022. The company plans to lease 50,000 of these cars from Uber.

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