Hertz and General Motors today announced an agreement in which the rental car giant plans to order up to 175,000 electric vehicles from nearly all of the automaker’s brands over the next five years.

Hertz said it will buy EVs from the Chevrolet, Buick, GMC, Cadillac and BrightDrop brands, with the plan being billed as the largest EV expansion among fleet customers and the broadest due to the wide range of vehicle categories and price points involved – from compact and mid-size SUVs to pickups, luxury vehicles and delivery vans.

As part of the deal, General Motors will supply Hertz with electric vehicles through 2027 as the rental car company increases the electric vehicle component of its fleet and GM ramps up production of electric vehicles widely.

During this period, Hertz estimates that its customers could travel more than 8 billion miles in these EVs, which would save approximately 3.5 million metric tons of carbon dioxide equivalent emissions compared to similar gasoline-powered vehicles traveling on the same distance.

Hertz Chevrolet Bolt EV

“Our work with Hertz is a huge step forward in reducing emissions and EV adoption, which will help create thousands of new EV customers for GM. With the vehicle selection, technology and mileage we provide, I am confident that each rental experience will further increase the purchase consideration of our products and drive the growth of our company.”

GM Chairman and CEO Mary Barra

With investments like this, Hertz aims to create the largest electric car rental fleet in North America, with tens of thousands of electric cars available for rent at 500 of its locations in 38 states. The company’s current goal is to have 25 percent of its fleet electric by the end of 2024.

“We are excited to partner with GM on this initiative, which will dramatically expand our EV offering for Hertz customers, including leisure and business travelers, carpool drivers and corporations.”

Stephen Sher, CEO of Hertz

The first GM electric vehicles to be delivered to Hertz are the Chevrolet Bolt EV and Bolt EUV, which are expected to begin deliveries in the first quarter of 2023. GM is expected to increase deliveries to Hertz between 2023 and 2025 ., when it will rapidly expand its EV production, boosted by the opening of Ultium Cells battery cell plants in Ohio, Tennessee and Michigan.

By 2025, GM plans to have an annual production capacity of 1 million electric vehicles in North America.


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