Hertz (HTZ) is turning up the wattage on its push to have a mostly electric rental car fleet.
The company said Monday it will purchase 65,000 electric vehicles from upstart Tesla rival Polestar. Mostly consisting of the sporty Polestar 2 sedan, the purchases will occur over five years. Availability is slated to begin in the spring in Europe and later this year in North America and Australia.
“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,” Hertz CEO Stephen Scherr said.
The Polestar deal comes hot on the heels of one inked late last year with Tesla; where it had ordered 100,000 Tesla Model 3s.
Hertz is up +10% on this news today.
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