Hertz (HTZ) EV fleet reaches 50,000 in Q1, 10% of its overall vehicles
Car rental giant Hertz (HTZ) ended the first quarter with 50,000 EVs in its fleet, accounting for 10% of its total vehicles. In Q1, Hertz credited its electrification strategy for the company’s growth and positive outlook for the remainder of the year.
In the first three months of 2023, Hertz generated $2 billion in revenue, up 13% year-over-year (YOY) on higher leisure and corporate demand.
Hertz CEO Stephen Scherr said the company is seeing continued growth across all customer segments alongside sustained pricing. He explained:
Our continued investments in the business, particularly in the areas of technology and electrification, are improving our operational cadence, extending our reach in rideshare, and enabling the revitalization of our value brands.
Hertz has been at the forefront of the electric vehicle transition in the rental industry. The company first announced a massive 100,000 Tesla Model 3 order last year while, more recently, adding Model Y options.
Shortly after adding Tesla models to its fleet, Hertz formed a new partnership with Uber to allow its drivers access to electric vehicles.
Hertz has since added several new EVs to its fleet from different OEMs, including an order for 65,000 Polestar models and, more recently, another considerable order for 175,000 GM electric cars.
Hertz expands its EV fleet in Q1 2023
On the company’s Q1 earnings call, Scherr said Hertz had about 50,000 EVs in its fleet at the end of the quarter.
Scherr says electric cars represent roughly 10% of its total car fleet right now as it continues to expand its zero-emission offerings. He says Hertz has begun taking deliveries of GM EVs and other OEM electric cars in the first quarter, giving customers more options to experience sustainable driving at various price points.
Since its fleet acquisition costs are typically aligned with vehicle delivery timing, Hertz says it has benefitted from the recent EV price declines sparked by Tesla’s price cuts.
Hertz predicts two million EV rentals in 2023, approximately five times the number of trips this past year. The EV rental company also continues expanding its EV charging network buildout through its partnership with BP Pulse at Hertz locations in major cities.
Through Hertz Electrifies, the company aims to increase EV utilization and access to charging with Houston, Denver, and Atlanta already signed up.
As for its rideshare business, Hertz says demand continues growing for electric options. According to Hertz, drivers renting an EV can increase their payout by 10% to 15% compared to an ICE model.
Electrek’s Take
Although 50,000 may seem like alot, it’s not much more than the 48,344 disclosed in its annual filing at the end of the year.
More importantly, Hertz revealed it took delivery of half its 100,000 Tesla order in February, so the numbers are not exactly adding up. It wouldn’t make sense for Hertz to have only 50,000 EVs in its fleet at the end of Q1 after confirming it had nearly 50,000 uber drivers renting a Tesla through its program in January.
Either way, Hertz says it remains focused on increasing EV penetration in the rental business with “considerable growth from here” according to Scherr.
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Lease deals get all the hype, but most people still want to own the car after they’re done making all those payments. If that’s you, this is your moment: not only are there a bunch of great plug-in cars available with 0% financing in August 2025, but with the federal EV tax credit set to disappear on September 30th, it could be your last chance to score these deals!
As I put these lists together, I often struggle with the best way to present this information. “Best EVs ..?” Too opinion based. “Cheapest EVs ..?” Too much research. “Best deal ..?” Too opinion based. In the end, I went with alphabetical order, by make. And, as for which deals are new this month? You’re just gonna have to check the list. Enjoy!
Acura ZDX
Acura’s ZDX uses GM Ultium batteries and drive motors, but the styling, interior, and infotainment software are all Honda. That means you get a solidly-built EV with GM levels of parts support and Honda levels of fit, finish, and quality control. All that plus Apple CarPlay and (through Labor Day) 0% financing for up to 72 months on remaining 2024 models makes the ZDX one the best sporty crossover values in the business.
Click here to find 0% interest deals (72 mo.) on Acura ZDX near you.
Chevy Ultium EVs
Chevrolet is offering 0% financing for up to 60 months on all three of its Ultium-based EVs – and they’re all winners.
Not only can the Silverado EV be spec’ed up to a 10,500 lb. GVWR, making it capable enough to tow whatever horse, boat, or RV you put behind it, but it’ll go more than 1,000 miles on a single charge (if you’re not in a hurry).
On the crossover side, both the Chevy Blazer EV and Equinox EV each offer their own takes on the five-passenger family SUV, with the cost of base model Equinox LT FWD models with 319 miles of EPA-rated range dropping to just $27,500 after you apply the $7,500 Federal tax credit. Plus, existing Costco members can save up to $1,250 more on Chevy’s EVs.
Click here for 0% (60 mo.) interest deals on 2024 Chevy Equinox EV near you.
Click here for 0% (60 mo.) interest deals on Chevy SIlverado EV near you.
Click here for 0% (60 mo.) interest deals on Chevy Blazer EV near you.
Dodge Charger
Dodge introduced the new electric Charger as a forward-looking muscle car for enthusiasts more interested in what’s on their time slip than what’s under the hood. Those renaissance thinkers can opt for the top-shelf version the electric Charger and gain access to as much as 670 horsepower and more than 300 miles on a full charge. As for the time slip, the Scat Pack version handles that, casually rocketing you across a brightly painted line 1320 feet from where you are now in just 11.5 seconds.
To encourage more Dodge buyers to considering the switch, Stellantis is offering a $7,750 Cash Allowance or 0% financing for up to 72 months on select models.
Click here to find a great, 0% (72 mo.) deal on a new Dodge Charger near you.
Ford EVs
The Mustang Mach-E started off as a controversial nameplate on an otherwise mainstream electric offering, but the a mid-sized, mid-priced crossover with a sporty profile and even sportier driving dynamics has built an enthusiastic fan base on the back of its proven, real-world durability.
For 2025, the Mach-E Mustangs offer more range than before (up to 320 miles), faster charging (by nearly 6 minutes to 80%), and even a hardcore rally version.
On the pickup side, the Ford F-150 Lightning is also available with 0% interest financing and $1,000 cash back. That deal gets you a capable half-ton pickup with V2X capabilities that made these trucks lifesavers in Texas’ ice storms, and a world of aftermarket support baked in. Ford Pro customers buying an F-150 Lightning for their commercial or public fleet can get even better deals on the OG electric pickup.
Click here for 0% (60 mo.) financing on an eAWD Mach-E at your local Ford dealer.
Click here for 0% (60 mo.) financing on an F-150 Lightning at your local Ford dealer.
GMC Hummer EV
The biggest Ultium-based EVs from GM’s commercial truck brand are seriously impressive EVs that offer jaw-dropping acceleration and on-road handling that seems to defy the laws of physics. That’s especially true once you realize that these are, essentially, medium-duty trucks.
This month, GMC is doing its best to move out its existing inventory of Hummer EVs so if you’re a fan of heavy metal you’ll definitely want to stop by your local GMC dealer and give the Hummer a test drive.
Click here for 0% interest deals (60 mo.) on GMC Hummer EV.
Honda Prologue
The Honda Prologue is one of the top-selling electric crossovers this year – and it’s easy to see why. The midsize SUV is just the right size and rides on GM’s excellent Ultium platform, but adds Honda sensibilities and Apple CarPlay to create a winning combination.
To help get these rolling off Honda dealer lots before the September 30 EV tax credit deadline, Honda is offering 0% interest financing.
Click here to find a great, 0% interest (60 mo.) deal on a Honda Prologue near you.
Hyundai IONIQ 5 + 6
You might say the latest designs from Hyundai – the IONIQ 5 and 6, especially – are derivative. You’d be right, too, but Hyundai’s design team drew inspiration from ItalDesign and Porsche for these beauties, and if you weren’t around in the 1970s and 80s you probably wouldn’t call either car a copy of anything.
The 6, especially, is aerodynamically efficient, comfortable, quick, offers up to 361 miles of range, can charge just about anywhere, and now through Labor Day, is available with 0% financing. With a Lancia Delta-inspired look and a host of modern aero tweaks, the 5 isn’t far behind, but adds the practicality of a crossover hatchback body style and cargo room to boot.
Click here to find a 0% interest deal (48 mo.) on an IONIQ 5 near you.
Click here to find a 0% interest deal (48 mo.) on an IONIQ 6 near you.
Jeep Wagoneer S
The Jeep Wagoneer S is a slick, capable, street-oriented EV that’s been inexplicably saddled with the Wagoneer nameplate while its bigger, more off-road oriented Wagoneer stablemate powers on with ICE power. It’s a weird choice made even weirder by the sloping roof spoiler that eats away at the electric SUV’s ultimate utility (that’s the “U” part), but if you can get past those minor caveats, this first-ever battery-powered Jeep is ready to deliver.
With 0% interest for up to 72 months (before any dealer discounts) through Labor Day weekend, the Wagoneer S might just be the best Jeep deal you’re going to find this month!
Click here for 0% financing (72 mo.) deals on Jeep Wagoneer S.
Kia EV6
The Kia EV6 that made its global debut on a drag strip running alongside a Lamborghini, a Porsche, and an AMG Mercedes GT, and if it didn’t beat the pants off all of them, it sure did beat most of them. All that power and performance with a silky smooth idle, quiet early-morning startups, and a 10-year warrant with access to a nationwide dealer network?
That’s tough to beat, and now through Labor Day you’ll be able to get a world-beating Kia EV6 with 0% interest for 60 months.
Click here for a 0% interest deal (72 mo.) on a local 2025 Kia EV6.
Lexus RZ
Starting at $43,975, the Lexus RZ promises up to 266 miles of EPA-rated range from a 72.8 kWh battery back in the “base” RZ300e (and 224 from the top-shelf RZ450e). With up to 308 hp and over 195 lb-ft of instant electric torque the Lexus RZ promises to be one Lexus’ more sporting offerings in any trim.
New Lexus RZ models currently in dealer inventory qualify for 0% financing for up to 72 months in some regions. Check with your local dealer.
Click here for local 0% interest (72 mo.) deals on a new Lexus RZ.
Nissan Ariya
I’ve already said that the Nissan Ariya didn’t get a fair shake. If you click that link, you’ll read about a car that offers solid driving dynamics, innovative interior design, and all the practicality that makes five-passenger crossovers the must-haves they’ve become for most families. With up to 289 miles of EPA-rated range, Tesla Supercharger access, and 0% interest from Nissan for up to 72 months, Nissan dealers should have no trouble finding homes for these.
Click here for 0% interest deals (72 mo.) on Nissan Ariya near you.
Subaru Soltera
Despite being a slow seller, this mechanical twin of the Toyota bZ4X EV seems like a solid mid-size electric crossover with some additional outdoorsy vibes and granola style that offers more than enough utility to carry your mountain bike to the trail or your kayak to the river. Add in 227 miles of range, some big dealer discounts, and 0% financing for up to 72 months, and this should be a great month for electric Subaru fans to drive home in a new Solterra.
Click here for 0% interest deals (72 mo.) on a new Subaru Solterra.
Tesla Cybertruck
Demand for Tesla Cybertrucks has been a long, long way from the “conservative” 250,000 per year predictions Elon was making just a few years ago. Demand for the low-poly electric pickup is so dismal, in fact, that Tesla is offering discounts on several models, along with 0% financing on both Cybertruck and Model 3 for up to 60 months through September 1 – if you’re willing to spring for the company’s Full Self Driving (Supervised) level 2 ADAS.
Click here to get a personalized 0% financing offer on a Tesla Model 3.
Click here to get a personalized 0% financing offer on a Tesla Cybertruck.
Toyota bZ4X
Toyota hybrids are a hot commodity right now, and we haven’t seen any newsworthy holiday discount deals from Toyota in years. That said, the bZ4X EV might be the best deal in Toyota’s end-of-the-year lineup with big discounts on leftover bZ4X crossovers (before the “bZ” name change hits) happening now through Labor Day. What’s more, qualified buyers can score 0% financing for up to 72 months (incl. $2,500 Bonus Cash) on what is an unquestionably solid and dependable (if not quite thrilling) five-passenger electric crossover.
Click here for 0% interest deals (72 mo.) on Toyota bZ4X.
Volkswagen ID.4
One of the most popular legacy brand EVs, the Volkswagen ID.4 offers Volkswagen build quality, a Chat-GPT enabled interface, and a relatively affordable base price. Factor in 170 kW DC fast charging, up to 291 miles of EPA-rated range, and a 5-star safety rating, and the ID.4 offers a value proposition that’s tough to beat.
And, through August, the only way to beat the ID.4’s 0% financing for 72 months would be to convince the bank to pay you to buy it.
Click here to find a 0% interest (72 mo.) ID.4 deal near you.
Disclaimer: the vehicle models and financing deals above were sourced from CarsDirect, CarEdge, and the OEM websites. All offers were current as of 17AUG2025, and all links provided are from trusted affiliates. These deals may not be available in every market, with every discount, or for every buyer (the standard “with approved credit” fine print should be considered implied). Check with your local dealer(s) for more information.
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A train transports oil tankers in Ajmer on July 7, 2025. Indian exporters are scrambling for options as they seek to mitigate the fallout of U.S. President Donald Trump’s threatened tariff salvo against the world’s most populous nation.
Himanshu Sharma | Afp | Getty Images
U.S. President Donald Trump‘s trade advisor Peter Navarro on Monday called on India to stop buying Russian crude oil, accusing the Asian giant of undermining international efforts to isolate Vladimir Putin‘s war economy.
Writing in in the Financial Times, Navarro described India’s dependence on Russian oil as “opportunistic,” adding that if India “wants to be treated as a strategic partner of the US, it needs to start acting like one.”
“In effect, India acts as a global clearinghouse for Russian oil, converting embargoed crude into high-value exports while giving Moscow the dollars it needs,” Navarro said in the op-ed.
His comments come shortly after trade negotiations between the U.S. and India, which had been scheduled to take place in New Delhi later this month, were reportedly called off.
India’s Ministry of Commerce and Industry, and the Office of the U.S Trade Representative did not immediately respond to CNBC’s request for comments.
Earlier this month, the Trump administration said it planned to impose an additional 25% tariff on India over Russian oil purchases, bringing the total levies against the country to 50%. The cumulative rate of duties on India is among the highest on any of Washington’s trade partners.
India described the move as “extremely unfortunate” at the time, saying the tariffs were “unfair, unjustified and unreasonable.”
The White House has since warned that secondary levies on India could increase further, depending on the outcome of Trump’s peace talks with Putin.
For its part, India has said it has been unfairly targeted for its continuing trade with Russia since Moscow’s full-scale invasion of Ukraine in early 2022, amid criticism from both the U.S. and European Union.
In a statement published Aug. 4, India’s Ministry of External Affairs said the country began importing from Russian because traditional supplies were diverted from Europe after the outbreak of the conflict.
“India’s imports are meant to ensure predictable and affordable energy costs to the Indian consumer. They are a necessity compelled by global market situation,” India’s Ministry of External Affairs said.
“However, it is revealing that the very nations criticizing India are themselves indulging in trade with Russia. Unlike our case, such trade is not even a vital national compulsion,” it added.
Trump’s criticism of India’s oil trade with Russia represents a clear shift from the Biden administration, which, along with other G7 nations, Australia and the European Union, established a $60 a barrel price cap in late 2022. The EU has since signaled it has reached an agreement to lower the price threshold.
This mechanism sought to limit Russia’s revenue from oil sales, while maintaining some stability in global energy markets.
Shilan Shah, deputy chief emerging markets economist at Capital Economics, said India could, in principle, find suppliers other than Russia to meet its energy needs “relatively easily,” with limited economic impact.
“But we doubt that India would make a wholehearted effort to wean itself off Russian oil. Domestically, it would not play well to be seen caving to Trump’s demands,” Shah said in a note published Aug. 4.
“In addition, Indian policymakers would be reluctant to upend generally cordial (and long-standing) relations with Russia,” he added.
— CNBC’s Vinay Dwivedi contributed to this report.
BRP, the Canadian powersports giant behind names like Ski-Doo, Sea-Doo, and Can-Am, has just pulled the cover off the latest addition to its rapidly growing electric lineup: the 2026 Can-Am Outlander Electric ATV. Its impressive specs put it at the top of the performance charts in nearly every metric compared to the company’s gasoline-powered ATVs.
This isn’t just a one-off electric side project either. It’s part of a major offensive into electric powersports, and it shows that BRP is serious about expanding its lineup of quiet, powerful, and clean alternatives across the board, from snowmobiles to motorcycles, and now all-terrain utility vehicles.
The new Outlander Electric is built using BRP’s own in-house Rotax E-Power drivetrain, the same modular platform found in its electric motorcycles and snowmobiles. That means the company isn’t just buying off-the-shelf parts and bolting them to a legacy frame. Instead, this is ground-up electrification.
Power comes from an electric motor rated at 47 hp (35 kW) and 53 lb-ft (72 Nm) of torque, which BRP says is tuned for utility and responsiveness.
With selectable ride modes (Normal, Sport, and Work), riders can tailor the feel for anything from recreational trail riding to serious on-the-job use. Towing capacity is listed as a healthy 1,830 lbs (830 kg), which puts it firmly in the “workhorse” category, and bests the towing capacity of the top-of-the-line gasoline-powered ATV offerings from companies like Polaris and Honda, as well as Can-Am’s own highest-spec gasoline-powered ATVs.
Range clocks in at up to 50 miles (80 km) from the 8.9 kWh battery. And BRP says that the battery charges from 20 to 80% in about 50 minutes with a Level 2 charger.
But the big deal here isn’t just the torque or the tech. It’s the quietness.
The Outlander Electric is designed to be whisper-quiet, making it ideal for farmers, hunters, park rangers, or anyone else who needs serious off-road capability without the roar of a gas engine. XPS Recon Force tires, a low-noise liquid-cooling system, and an optimized suspension all contribute to a near-silent ride.
This means you can sneak through the woods, work around livestock, or ride trails at dawn without disturbing your surroundings – or your neighbors.
Priced at US $1,299, the Can-Am Outlander Electric ATV is now available on Can-Am’s site and from its dealers.
“With the Outlander Electric, we’re not just launching a new ATV, we’re introducing a new way to experience the outdoors and get the job done,” said Julie Tourville, Director, Global Marketing, Can-Am Off-Road at BRP. “This vehicle is built to let riders and workers feel more connected to their surroundings. It’s powerful, quiet, and true to what we do at BRP. It shows how we bring purposeful innovation to life.”
Electrek’s Take
We’ve seen plenty of electric motorcycles and scooters over the years, including from Can-Am itself. But electric ATVs? Those are still rare enough to make this release feel like a big deal. As someone who personally owns and uses an electric UTV, I can tell you what a major difference the electric drivetrain makes for both the operational experience and the ownership experience.
Gas ATVs and UTVs are incredibly useful as working tools, but they’re also noisy, maintenance-heavy, and pretty nasty for the environment. Replacing them with electric models that don’t sacrifice capability is a game-changer, especially for folks who need to operate in noise-sensitive or emission-sensitive areas.
BRP also deserves credit for going wide, not just deep. In the last couple of years, they’ve rolled out the Can-Am Pulse and Origin electric motorcycles, four electric snowmobiles under the Ski-Doo and Lynx brands, and even an electric kart racing powerpack. Now, with the Outlander Electric ATV, they’re quickly closing in on completing an electric powersports bingo card.
The real question is whether people will pay up. Polaris unveiled what may be the nicest electric UTVs in the world a few years ago, but the sky-high pricing meant limited adoption. Considering Can-Am’s electric ATV is around twice the price of a typical gasoline-powered ATV, let’s hope there are enough people who can see and appreciate the advantages of electric to support this nascent market while it grows and matures.
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