Hertz’s commitment to electrification includes procuring up to 175,000 EVs from General Motors, introducing Cadillac Lyriq and Chevrolet Silverado EV models to its growing electric rental fleet.
Hertz is making strides in electrifying its fleet, with plans to procure up to 175,000 EVs from General Motors.
The company’s ambition to establish one of the world’s largest electric car rental fleets is backed by this partnership.
Hertz is set to introduce the Cadillac Lyriq luxury SUV and Chevrolet Silverado EV pickup to its electric rental offerings.
Hertz, a prominent player in the rental car industry, is taking significant strides toward embracing electric vehicles by entering substantial agreements with major automakers such as Tesla, General Motors, and Polestar.
2023 Cadillac Lyriq | Photo: Matt St-Pierre
As part of its sustainability strategy, Hertz has effectively integrated 50,000 electric vehicles into its expansive rental fleet, a number that accounts for approximately 10% of the company’s overall vehicle inventory. This initial achievement marks the inception of a more extensive and ambitious endeavor: Hertz aims to establish one of the most substantial electric car rental fleets worldwide, and General Motors’ vehicles are poised to play a pivotal role in facilitating this transition.
Cadillac LYRIQ | Photo: Cadillac
The momentum initiated in September 2022 remains strong, as Hertz unveiled its intent to procure a staggering 175,000 electric vehicles from General Motors within the upcoming five years. This agreement encompasses vehicles from diverse brands under the GM umbrella, including renowned names such as Chevrolet, Buick, GMC, Cadillac, and BrightDrop.
2024 Chevrolet Silverado EV | Photo: Matt St-Pierre
However, amidst these ambitious plans, certain challenges have emerged. Production delays in General Motors’ Ultium EV have temporarily hindered Hertz’s receipt of Ultium-based electric vehicles from the US automaker.
Recent revelations from Hertz have indicated an imminent introduction of the Cadillac Lyriq luxury SUV and the Chevrolet Silverado EV pickup to its all-electric rental fleet. The Silverado EV 4WT is anticipated to join Hertz’s fleet sometime between 2023 and 2024, followed by the Silverado EV RST at a later stage.
As for the Cadillac Lyriq, the unveiling date remains undisclosed; however, given the current production status of the electric SUV, it is conceivable that it might grace Hertz’s fleet as early as this year.
A revealing video featuring Hertz CEO Stephen Scherr and GM CEO Mary Barra within a Cadillac Lyriq offers a unique glimpse into the automotive industry’s ongoing transition toward all-electric powertrains. Mary Barra’s observations underscore the fact that the industry is still at the nascent stages of this transformative journey.
