Hertz to purchase 175,000 EVs from GM over the next five years

Hertz announced this morning a new partnership with General Motors that will see the car rental company purchase up to 175,000 electric vehicles (EVs) from GM through 2027.

That figure tops the 100,000 Tesla vehicles Hertz agreed to purchase last year, making it what is believed to be the largest expansion of EVs for a fleet customer.

According to Hertz the deal will cover the Chevrolet, Buick, GMC, Cadillac, and Brightdrop brands and will include a wide variety of vehicle categories and price points. This includes compact and midsize SUVs to pickup tracks, luxury vehicles, and more.

“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, rideshare drivers and corporates.”

The first EVs expected to be added to the Hertz fleet are the Chevy Bolt EV and Bolt EUV, both of which should arrive at Hertz locations in the first quarter of 2023.

The schedule of deliveries after that is a little unclear as the automaker is expected to increase its EV offerings over the coming years with its Ultium platform.

GM is hoping to produce 1 million EVs per year by 2025.

Hertz is taking its transition to EVs seriously. As we have previously reported the company agreed to purchase 100,000 Teslas and 65,000 Polestar EVs.

According to Hertz they have the largest EV rental fleet in North America, with tens of thousands of EVs available to rent at 500 Hertz locations across the US. The company is also renting out Teslas in Canada in Vancouver, Calgary, Montreal, Toronto, and other locations.

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