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New Energy World
New Energy World embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low carbon technologies.
Polestar, the Swedish electric performance car manufacturer, has started to deliver electric cars to Hertz in one of the largest single orders for electric cars ever made.
Under the terms of the agreement, Polestar is to supply the global car rental giant with 65,000 electric vehicles (EVs) over the next five years.
Initial deliveries will be of the Polestar 1 and 2 models. The Polestar 1 is an electric performance hybrid GT with a carbon fibre body and an electric-only range of 124 km (WLTP) – claimed to be the longest of any hybrid car in the world. The Polestar 2 model is the company’s first fully electric, high-volume car, offered in three variants with a combination of long- and standard-range batteries as large as 78 kWh, and dual- and single-motor powertrains.
Later deliveries to Hertz will include the forthcoming Polestar 3 electric SUV, which is due to have its world premiere in October 2022.
Polestar plans to launch one new EV per year from 2022, starting with Polestar 3. Polestar 4, a smaller electric performance SUV coupe, is expected to follow in 2023, with the Polestar 5 electric performance 4-door GT to be launched in 2024.
Polestar’s long-term plan is to increase annual sales to approximately 290,000 cars by the end of 2025. This growth is already underway, with the company taking over 32,000 customer orders for its Polestar 2 model since the start of 2022, representing an increase of 290% versus the same period in 2021. According to Thomas Ingenlath, Polestar CEO, there are already over 55,000 of the company’s cars on the road, in 25 markets across Europe, North America, China and the Asia-Pacific. As the company seeks to reduce its climate impact with every new model, Polestar aims to produce a ‘truly climate-neutral car’ by 2030.
Polestar was established as a new, standalone Swedish premium EV manufacturer in 2017, founded by Volvo Car and Zhejiang Geely Holding Group. Headquartered in Gothenburg, Sweden, Polestar cars are currently manufactured in two facilities in China, with additional future manufacturing planned in the US.