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Hertz Plans to Buy 175,000 Electric Vehicles From GM Over Five Years

  • Deliveries to begin with Bolt models in first quarter 2023
  • Rental company previously signed deals with Tesla, Polestar
 2023 Chevrolet Bolt electric vehicles.
 2023 Chevrolet Bolt electric vehicles.

Source: General Motors

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Hertz Global Holdings Inc. plans to buy as many as 175,000 electric vehicles from General Motors Co. over the next five years, the latest major step by the rental giant to embrace plug-in cars.

The deal includes the Chevrolet, Buick, GMC, Cadillac and BrightDrop brands spanning categories such as pickups and luxury automobiles, according to a statement Tuesday. Deliveries will begin with Chevrolet Bolt EV and Bolt EUV models in the first quarter of next year.