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Hertz plans to buy up to 175,000 GM EVs by 2027

Hertz and General Motors announced Monday that the rental car giant plans to order up to 175,000 electric vehicles from GM over five years.

EV deliveries are expected to begin in the first quarter of 2023 with the Chevrolet Bolt EV and EUV, and will continue through 2027 with vehicles from the Chevrolet, Buick, GMC, Cadillac and BrightDrop brands.

GMC Hummer EV at Pilot . tourist center

GMC Hummer EV at Pilot . tourist center

This speed of delivery, which is not yet bound by any contract, is expected to increase as GM expands the scale of electric vehicle production from 2023 to 2025, en route to hitting its goal of one million electric vehicles. per year for North America by 2025.

The companies announced that the plan will make electric vehicles available across a wide range of types, sizes and price points, and this is said to be the largest electric vehicle expansion to date among fleet customers. .

Hertz says rental customers can travel more than 8 billion miles with these vehicles, saving about 3.5 million tons of carbon dioxide compared to similar gasoline-powered vehicles.

The rental company is aiming to produce a quarter of its rental vehicle fleet by the end of 2024, and it says it offers “tens of thousands of electric vehicles available for rent at 500 Hertz locations across 38 states.” .

Tesla at Hertz

Tesla at Hertz

Hertz announced last October that they plan to add 100,000 Tesla vehicles for its teams in North America and Europe by the end of 2022. It also plans to add 65,000 Polestar EVs over 5 years, starting with models added earlier this year for Europe and by the end of 2022 for the US and Australia. Hertz is also offering a program that allows Tesla Model 3 rental for Uber drivers for $299 or less a month including insurance.

Neither the rental car company nor GM provided further information on how this massive fleet of electric vehicles is regularly used, and Hertz has yet to discuss what or where it’s available. GM in July revealed plans for a network of up to 500 DC fast charging stations will be added to Pilot and Flying J travel hubs nationwide, in partnership with EVgo. A much larger volume of fast chargers will be needed to meet the needs of the thousands of electric car hires that are likely to occur around airports in major cities every day.

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