Hertz and General Motors Co. have announced an agreement in which Hertz plans to order up to 175,000 Chevrolet, Buick, GMC, Cadillac and BrightDrop Electric Vehicles (EVs) for the North American market. The vehicles will range from compact and midsize SUVs to pickups, luxury vehicles and more.
The agreement covers electric vehicle deliveries through to 2027 as Hertz increases the EV component of its fleet and GM accelerates production of EVs broadly.
Over this period, Hertz estimates that its customers could travel more than 8 billion miles in these EVs, saving approximately 3.5 million metric tons of carbon dioxide equivalent emissions compared to similar gasoline-powered vehicles travelling such a distance.
Hertz is investing to create the largest rental fleet of EVs in North America, with tens of thousands of EVs available for rent at 500 Hertz locations across 38 states. The company’s current goal is for one-quarter of its fleet to be electric by the end of 2024.
Hertz Corp, which operates the Hertz, Dollar and Thrifty vehicle rental brands, expects to begin taking delivery of Chevrolet Bolt EVs and Bolt EUVs in the first quarter of next year.