$HTZ orders 175,000 $GM EVs

Investment Analysis Clubs Destiny Solutions Corporation
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Electrek headline: Hertz places massive order of 175,000 electric vehicles with GM
Fred Lambert

- Sep. 20th 2022 9:26 am PT

@FredericLambert

https://electrek.co/2022/09/20/hertz-massive-order-175000-el…

After its massive order of Tesla vehicles, Hertz now announces another huge order of electric vehicles, this time for 175,000 EVs from GM.

Last year, Hertz announced an important effort to electrify its fleet of rental cars, led by a massive purchase of 100,000 Tesla Model 3 vehicles. More recently, the company added Model Y vehicles to the order.

The rental car company said that it expects to have all 100,000 Tesla vehicles by the end of 2022, though Tesla didn’t seem to be completely on board with that timeline.

In April, Hertz announced that it is also adding up to 65,000 electric vehicles from Polestar to its fleet over the next five years.

$GM daily chart

https://schrts.co/ywQZdRra

$GM weekly chart

https://schrts.co/PkYJGKVM

$GM monthly chart

https://schrts.co/EWIxrZSx

$HTZ daily chart

https://schrts.co/TsdpMVtZ

$HTZ weekly chart

https://schrts.co/vXKXWPte

$HTZ monthly chart

https://schrts.co/gcTFbBrI

$TSLA daily chart (notice the triple top horizontal resistance holds)

https://schrts.co/KAhRGwRC

$TSLA weekly chart

https://schrts.co/bhImrfve

$TSLA monthly chart

https://schrts.co/HVWveeqh

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https://electrek.co/2022/09/20/hertz-massive-order-175000-el…

They will first start with Chevrolet Bolt EV and Bolt EUV, expected to be delivered in the first quarter of 2023.

After that, Hertz plans to buy EVs from all of GM’s brands – even electric vans from BrightDrop. However, we expect the new Equinox EV and Blazer EV to account for a large part of the order.

Stephen Scherr, Hertz CEO, commented on today’s announcement:

“It’s exciting that two iconic American companies that have shaped the evolution of transportation for more than a century are coming together to redefine the future of mobility in the 21st century. We are thrilled to partner with GM on this initiative, which will dramatically expand our EV offering to Hertz customers, including leisure and business travelers, rideshare drivers and corporates.”