The deal is meant to drive broader EV adoption.
The first vehicles, a batch of Chevy Bolt EV and Bolt EUVs, will be delivered to Hertz beginning in the first quarter of 2023, GM said. Vehicle deliveries will continue until 2027, at which point Hertz estimates that its customers could travel more than 8 billion miles in these EVs, “saving approximately 1.8 million metric tons of carbon dioxide equivalent emissions compared to similar gasoline-powered vehicles traveling such a distance.
Neither company disclosed the financial terms of the deal, and given the disparity in pricing for GM’s models — the Chevy Bolt EV starts at under $30,000 while the GMC Hummer EV sells for over $108,000 — it would be difficult to estimate the exact amount.
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