Hertz to Buy Cadillac Lyriqs and Chevy Silverado EVs to Bolster Electric Rental Fleet

Chris Teague
by Chris Teague

Automakers are going electric, which means that all the companies that rely on them will have to adapt. Car rental companies have long pledged to make the transition alongside their auto industry partners, and Hertz recently announced that it would be adding the Cadillac Lyriq and Chevy Silverado EV

Hertz already noted plans to buy 175,000 EVs from General Motors by 2027, and the rental giant’s fleet already houses 50,000 EVs, around 10 percent of its inventory. The company said it plans to have one of the most extensive electric fleets in the world, aided heavily by the thousands of new electrics from GM. That said, the automaker hasn’t had the smoothest time producing its Ultium-backed EVs, so it could be a bumpy road ahead.

The Silverado EV isn’t on sale yet, and the Lyriq is just hitting the market, so it’s likely the new vehicles will take a while to filter into the rental fleet. Hertz said it had plans to purchase EVs from other automakers and will offer other electric models, including vans and pickup trucks. It’s already possible to rent EVs from peer-to-peer services like Turo, but Hertz’s move would give a significant boost to the U.S. electric rental fleet. Now, if they could come up with a few extra chargers. 

[Image: Jonathon Weiss via Shutterstock]

Become a TTAC insider. Get the latest news, features, TTAC takes, and everything else that gets to the truth about cars first by subscribing to our newsletter.

Chris Teague
Chris Teague

Chris grew up in, under, and around cars, but took the long way around to becoming an automotive writer. After a career in technology consulting and a trip through business school, Chris began writing about the automotive industry as a way to reconnect with his passion and get behind the wheel of a new car every week. He focuses on taking complex industry stories and making them digestible by any reader. Just don’t expect him to stay away from high-mileage Porsches.

More by Chris Teague

Join the conversation
12 of 26 comments
  • Carson D Carson D on Aug 22, 2023

    I rented a plug-in hybrid Pacifica from Enterprise. I'm sure they received generous taxpayer subsidies to encourage them to buy such expensive vans. I was told not to charge the battery and just treat it like a normal gas car, just one that weighed 5,000 pounds and doesn't use fuel as efficiently as any of my non-hybrid vehicles. I'm sure it is great if you've got a short commute and the ability to charge it though. You could save hundreds of dollars on gas each year!

    • See 4 previous
    • Gregory Neff Gregory Neff on Aug 31, 2023

      If you shift a five speed Sentra or Civic 1,3,5, and know how to drive efficiently, you can get similar gas mileage without all of the batteries and nonsense. I was given a beater ‘93 Nissan Sentra in 2004. drove it for ten years, got 40 miles per gallon consistently, and the only things it ever needed were tires, brakes, a battery or two, and a clutch at 190K miles. I gave it to a guy when it’s R 12 A/C quit, with 267K miles, and it’s still running. Let’s see an electric car perform and last like that.

  • Kcflyer Kcflyer on Aug 22, 2023

    Woke stupidity.

    • See 1 previous
    • Carson D Carson D on Aug 24, 2023

      They're doing so because they're in the hands of ESG capital. Running a business is secondary.

  • Inside Looking Out Inside Looking Out on Aug 22, 2023

    Robotaxi solves all these problems. Charging Robotaxi and accidents are not your problem anymore.

  • Tassos Tassos on Aug 23, 2023

    I wouldn't bother with the stupid Silverado EV, but I could try the Hertz Lyriq.

    I despise crossovers and SUVs, but I read really good reviews about the Lyriq from VERY distinguished Auto Journalists (as WSJ's Dan Neil, the only Auto Journalist I know who won a Pulitzer for his very entertaining as well as incisive, high level car reviews.

    • ToolGuy ToolGuy on Aug 23, 2023

      @Tassos, sorry to disappoint you. I believe by your standards (only respect persons with net worth above $X) you aren't allowed to give Dan Neil any credence.

      Sad trombone.