Hertz Buys A Ton Of EVs From General Motors

Electric Vehicles / 15 Comments

GM will join Tesla and Polestar in the Hertz fleet.

As the United States government invests heavily into electric vehicle infrastructure, there will be more EVs gracing the roads. President Joe Biden hopes to have 600,000 EVs in the federal fleet, and that's not the only fleet that's going electric. Rental car company Hertz plans to order 175,000 EVs from General Motors over the next five years.

So far, this includes the 2023 Chevrolet Bolt EV (and EUV), which are expected to arrive in the company's fleet by the first quarter of 2023. The Bolt is the only EV specifically mentioned, but Hertz says it will offer vehicles from Buick, Chevrolet, Cadillac, GMC, and BrightDrop.

GM
GM
GM

GM and Hertz will offer EVs in multiple categories, including compact and midsize SUVs, pickup trucks, luxury vehicles and more. While not specifically mentioned by name, we imagine the fleet will include upcoming GM Ultium-based vehicles such as the Chevy Equinox, Blazer, and Silverado, as well as the Cadillac Lyriq.

To help reach the delivery goal, GM will invest rapidly into EV production between 2023 and 2025, culminating in a one million vehicle North American production capacity by 2025. The investment includes Ultium Cell battery cell plants in Ohio, Tennessee, and Michigan.

CarBuzz
Chevrolet
Chevrolet

"It's exciting that two iconic American companies that have shaped the evolution of transportation for more than a century are coming together to redefine the future of mobility in the 21st century," said Stephen Scherr, Hertz CEO. "We are thrilled to partner with GM on this initiative, which will dramatically expand our EV offering to Hertz customers, including leisure and business travelers, ride share drivers and corporates."

"Our work with Hertz is a huge step forward for emissions reduction and EV adoption that will help create thousands of new EV customers for GM," said GM CEO Mary Barra. "With the vehicle choice, technology and driving range we're delivering, I'm confident that each rental experience will further increase purchase consideration for our products and drive growth for our company."

CarBuzz
CarBuzz

Hertz wants to have the largest EV rental fleet in North America, offering tens of thousands of cars at the company's 500 locations across 38 states. By 2024, Hertz expects one-quarter of its fleet to be all-electric. Hertz has already ordered 100,000 Tesla Model 3 and 65,000 Polestar 2 EVs to bolster its EV fleet. As the GM vehicles join the fleet through 2027, Hertz estimates it will save 3.5 million metric tons of carbon dioxide over eight billion rental miles compared to similar gas-powered models.

BrightDrop
BrightDrop

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