“Retail margin” sales could bring carmaker “thousands” of EV customers.
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General Motors will sell 175,000 electric vehicles to Hertz Global for its rental fleet through 2027, the companies said this this week in what GM said will generate thousands of EV customers for the carmaker.
Hertz will start getting the EVs early next year. The company earlier entered similar EV purchase agreements with Tesla and the Volvo-backed Polestar startup, though the GM purchase is the biggest.
The deal comes as GM and other carmakers ramp up production of EVs. GM has said it will have an all-electric lineup by 2035.
GM said the EV sales will be approximately “retail margin” rather than discounted.
Originally posted on P&A Magazine
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