Rental car company Hertz announced Monday that it plans to buy up to 65,000 electric vehicles over five years from Polestar, the 5-year-old Swedish EV maker.
The cars are expected to be available in Europe in the spring of this year and in North America and Australia by the end of 2022. Hertz will initially order the Polestar 2, which will include an infotainment system powered by Android Automotive OS with Google built-in.
The new deal is part of Hertz’s goal to offer the largest EV rental fleet in North America and one of the largest in the world. In October, the company said it would order 100,000 Teslas by the end of 2022 in a deal reportedly worth $4.2 billion.
For Polestar, the deal gives the fledgling carmaker an opportunity to introduce itself to a wider market.
“The partnership with a global pioneer like Hertz will bring the great experience of driving an electric car to a wider audience, and will meet a wide range of the mobility needs of our mutual customers in the short and long term,” said Thomas Ingenlath , Polestar CEO in a statement. statement. “For many of them it might be their first time driving an EV, and it will be a Polestar.”
Polestar was founded in 2017 as an independent car manufacturer by Volvo Cars and Geely Holding. The company reported that it nearly tripled volumes in 2021 and expects volumes to more than double again this year. It expects to sell 290,000 vehicles per year by the end of 2025.
As Polestar gains traction in the burgeoning EV market, it still has a long way to go to catch up with Tesla, which just announced it delivered more than 310,000 vehicles in the first quarter of this year.