Tech

Hertz buys 175,000 electric vehicles from General Motors over the next 5 years


Hertz is once again growing its fleet of electric vehicles, third notice that it has reached an agreement with General Motors to buy 175,000 electric vehicles from the automaker’s Chevrolet, Buick, GMC, Cadillac and BrightDrop brands over the next five years. Customers will see the first products, namely the Chevrolet Bolt EV and Bolt EUV, arriving on Hertz shipments starting in the first quarter of next year.

The deal, which runs through 2027, will bring a wide range of models to Hertz’s growing electric vehicle fleet. Between now and 2027, the rental company expects its customers to drive about 8 billion miles in the aforementioned EVs, preventing an estimated 3.5 million tons of carbon dioxide from being released. Hertz plans to switch a quarter of its rental car fleet to battery electric by 2024.

This news follows Hertz orders 65,000 units from Polestar in Aprilthat the performance EV manufacturer Delivery started on. An earlier announcement in 2021 led many to believe that Tesla will provide Hertz fleet with 100,000 vehiclesworth an estimated $4.2 billion, which is quickly killed by Tesla CEO, Elon Musk. Hertz was plans to rent 50,000 Tesla electric cars to Uber driversand now operates in 25 North American citiesThere is no word on whether GM vehicles will be offered under similar terms.

For those of you already in line, have ordered a GM EV, and are waiting for delivery, fret not. This agreement with Hertz will not affect your current delivery date. “Our top priority is delivering vehicles to customers who are holding seats,” a GM representative told Engadget via email Tuesday. “GM is installing capacity to meet demand from all customers, with annual capacity in North America growing to more than one million units by 2025.”

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