The Hertz fleet is buzzing

The rental car giant is on a mission to electrify its fleet.

Singdhi Sokpo

For all the talk about EVs, only ~1% of cars on the road in the US are fully electric.

But recent moves by Hertz Global Holdings might help change that, per The Wall Street Journal.

In an effort to electrify 25% of its fleet by 2024, the rental car company — dogged by bankruptcy and accusations of poor customer service in recent years — has struck deals with GM, Tesla, and Swedish automaker Polestar.

The deals…

… should offer Hertz a couple immediate advantages, including:

  • Credibility from investors for supporting environmental, social, and governance (ESG) initiatives.
  • Recognition as the go-to rental car company of the environmentally conscious until competitors catch up.

Hertz’s partners could see long-term benefits as well. Steve Carlisle, president of GM North America, said the deal will give renters a chance to “try before [they] buy,” which could stimulate EV sales.

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