Hertz plans to order up to 175,000 electric vehicles from General Motors over the next five years, the car rental company said Tuesday.
The agreement announced includes deliveries through 2027 of SUVs, pickups and luxury cars from Chevrolet, Buick, GMC, Cadillac and BrightDrop.
“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,” Hertz CEO Stephen Scherr said in a statement.
GM Chair and CEO Mary Barra believes the partnership will help create new electric vehicle customers.
“With the vehicle choice, technology and driving range we’re delivering, I’m confident that each rental experience will further increase purchase consideration for our products and drive growth for our company,” she said.
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.
GM said last year that it plans to go fully electric by 2035.