The rental car giant will order up to 175,000 EVs from GM over the next five years, with deliveries of the Chevrolet Bolt EV and Bolt EUV to begin in the first quarter of 2023, adding to other recent electric deals with Polestar, Tesla, and UFODrive.
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At a two-day investor event, the company detailed how it will double annual revenues by 2030 with increased margins by rapidly scaling EV manufacturing, adopting a dual-platform strategy for hardware and software, and creating new businesses and technologies like BrightDrop and Ultra Cruise.
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The company announced plans to be carbon neutral by 2040 globally, eliminate tailpipe emissions from new light-duty vehicles by 2035, and has committed to the Business Ambition Pledge for 1.5⁰C—while promoting the excitement with an Extreme E entry.
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Announced at CES 2021, the new business will offer an integrated ecosystem of electric products, software, and services for first to last-mile delivery, starting with the EP1 electric pallet in early 2021 and the EV600 electric commercial vehicle in late 2021.
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