Hertz Car Rental Company to Buy Up to 65,000 Electric Vehicles From Polestar

Car rental firm Hertz is planning to purchase up to 65,000 electrical automobiles from Swedish premium electrical automotive maker Polestar over the following 5 years because it seems to increase its electrical car rental fleet.

Monetary phrases weren’t disclosed.

The automobiles are anticipated to be out there in Europe within the spring and in North America and Australia later this yr.

The announcement on Monday comes greater than 5 months after Hertz stated that it’s going to purchase 1,00,000 electrical automobiles from Tesla. That is one of many largest purchases of battery-powered vehicles in historical past. Hertz additionally stated on the time that it’s going to set up its personal electrical car charging community because it strives to produce the biggest rental fleet of electrical automobiles in North America.

Hertz plans to have its electrical automobiles out there for its leisure and enterprise prospects, in addition to ride-share drivers.

“By working with electric vehicle industry leaders like Polestar, we can help accelerate the adoption of electrification while providing renters, corporate customers and rideshare partners a premium electric vehicle product, exceptional experience and lower carbon footprint,” Hertz CEO Stephen Scherr stated in a press release.

Shares of Hertz World Holdings rose 2.4 % earlier than the market open.

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