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General Motors plans to sell 175,000 EVs to Hertz over the space of 5 years

General Motors and Hertz have entered into an agreement to supply 175,000 to the car rental company over the next five years.

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General Motors is teaming up with Hertz to make more electric vehicles available for rent. The two companies have a unique vision to help increase the popularity of electric vehicles, bringing them to more people. This partnership between the two companies will bring up to 175,000 electric vehicles into the rental industry across the world.

You might be wondering what General Motors is, well, this is the parent company to other car manufacturing brands. Such brands include Chevrolet, GMC, Cadillac, as well as other car manufacturing brands, the ones mentioned are the more popular options. Both Chevrolet and GMC have some electric vehicles to their names, Cadillac on the other hand is preparing to launch its first electric SUV “the Lyriq”.

General Motors
General Motors

Read also: LG Chem and GM enter an agreement for a long-term supply of materials for EV batteries.

The second party to this partnership, Hertz, is a global car rental company that deal on all sort of vehicles in different countries. Its partnership with General Motors will involve the delivery of electric vehicles over a five-year period. Within this time, the car manufacturing parent company and its subsidiaries will supply Hertz with over 175,000 electric vehicles.

The first batch of electric vehicle deliveries from General Motors to Hertz will be made in the first quarter of 2023. Deliveries will then span through to 2027 helping to put more rental customers in electric vehicles, hence improving their presence and popularity. Other electric vehicle manufacturing brands will also make deliveries to Hertz to give users more option as to which vehicles they want to ride.

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