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Hertz and Polestar Announce Global Strategic Partnership to Accelerate Electric Vehicle Adoption
Hertz to purchase up to 65,000 electric vehicles over five years ESTERO, Fla. and GOTHENBURG, Sweden, April 4, 2022 /PRNewswire/ -- Hertz (NASDAQ: HTZ) and
About this update from Hertz Global Holdings, Inc
[{"type":"text","content":"Hertz to purchase up to 65,000 electric vehicles over five years\nESTERO, Fla. and GOTHENBURG, Sweden, April 4, 2022 /PRNewswire/ -- Hertz (NASDAQ: HTZ) and Polestar, the Swedish premium electric performance car maker, today announced a new global partnership that includes purchasing up to 65,000 electric vehicles (EVs) over five years. Availability is expected to begin in Spring 2022 in Europe and late 2022 in North America and Australia.\n\n \n \n \n \n \n \n\n \nFor Hertz, the partnership is part of the company's ongoing commitment to lead in electrification, shared mobility and a digital-first customer experience. The partnership with Polestar builds on Hertz's announcement last October to offer its customers the largest EV rental fleet in North America and one of the largest in the world. In addition to making the fleet available to its business and leisure customers, Hertz is extending EVs to rideshare drivers as a way to further accelerate electrification.\n\"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.\"\nPolestar is one of the drivers of global EV growth, helping to accelerate the shift to sustainable mobility as consumer interest in the environmental and convenience benefits of electrification increases. 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. (Nasdaq: GGPI, GGPIW, and GGPIU), which is expected to close in the second quarter of 2022.\n\"Polestar is committed to accelerating the move to electric mobility with a fascinating and innovative product portfolio,\" said Polestar CEO Thomas Ingenl...