Top Electric Car Rental Companies Driving the Future of Sustainable Mobility

Electric car rentals have become a popular form of mobility services, enabling customers to rent battery-powered vehicles hourly, daily, weekly or monthly. Most will include insurance and maintenance as part of the service, which enables consumers to have access to EVs without needing to own them, and reduces the cost barrier associated with EVs. Heavy growth in electric car rental is expected as demand for EV rental grows due to increased investments, growing charging infrastructure, new city regulations around emissions/lease restrictions in cities, etc. This lowers the operating/maintenance costs for fleets, making them a more attractive economic option and consumers.

Driven by these progressions in the industry, the market of electric car rental, analyzed by Fortune Business Insights was valued at USD 8.35 billion in 2025 and is estimated to hit USD 45.79 billion by 2034, with a remarkable CAGR of 20.3% over the forecast period.

Fortune Business Insights Presents Top 10 Electric Car Rental Companies:

1. Hertz Global Holdings, Inc.

Hertz Global Holdings, Inc. is one of the world’s largest car rental and mobility solutions companies. The Hertz Global Holdings and its subsidiaries including The Hertz Corporation and licensees operate the Hertz, Dollar, Thrifty and Firefly brands of vehicle rentals. Hertz Global Holdings have over 11,000 locations for vehicle rental across 160 countries globally. Its headquarters is located in the U.S.

As a part of its continuing efforts to fulfill its goal of becoming a zero-emission company, Uber and Hertz announced an agreement to rent up to 50,000 Teslas to Uber drivers in October 2021. This is the largest expansion of electric vehicles on a mobility platform in North America, with plans for similar projects globally. Uber will begin offering rentals through the Hertz network in Los Angeles, San Francisco, San Diego and Washington, D.C., starting November 1^st, followed by nationwide availability within the next few weeks.

2. Avis Budget Group, Inc.

Headquartered in New Jersey, U.S., Avid Budget Group Inc. is a provider of mobility solutions including car rental and sharing services. Its services cater to commercial and everyday consumers, including business and personal usage.

In July 2025, Avis Budget Group, a global leader in mobility solutions, announced a multi-year strategic partnership with Waymo, the leading provider of self-driving technology, to launch and expand a fully autonomous ride-hailing service in Dallas. Under this agreement, Avis Budget Group will be Waymo’s fleet operations partner in Dallas and will provide a full suite of end-to-end services to support the launch of the service by Waymo, including infrastructure design, vehicle readiness, vehicle repair & maintenance, and depot operations.

This new strategic partnership exemplifies Avis’ ambition to move beyond the travel industry and help define the future of mobility. It also illustrates Avis’ ability to leverage its core competencies in large scale fleet management and monetize those core capabilities in a rapidly growing sector at the leading edge of technology.

3. Sixt SE

Sixt SE, headquartered in Germany, is a public-owned company, which provides car services in more than 100 countries. The company offers sharing cars, rental car services, booking rides, and subscribing to services.

In January 2024, SIXT and Stellantis signed an agreement to purchase up to 250,000 vehicles, laying the foundation for further expansion. The latest generation Stellantis vehicles develops SIXT’s rental fleet across Europe and North America by 2026, including Stellantis’ wide portfolio ranges of iconic brands and vehicle classes.

4. Europcar Mobility Group

Europcar Mobility Group is a leading global provider of vehicle rental and mobility solutions, operating in more than 130 countries with a fleet of over 230,000 vehicles. It focuses on eco-friendly, short-to-long-term rentals, car-sharing, and subscriptions. Founded in 1949 and headquartered in France, the company is now a subsidiary of Green Mobility Holding GmbH, offering services for individuals and businesses.

In July 2024, Europcar Mobility Group introduced a new long-term rental product for businesses that want to run EVs and plug-in hybrids. Flex Model Choice allows specific models from Europcar’s EV and PHEV fleet to be booked for between 3-12 months at a fixed monthly rate.

5. Enterprise Holdings Inc.

Headquartered in the U.S., Enterprise Holdings Inc. is a private holding company, operating in several transportation services including commercial fleet management, car sharing & rental services, and used car sales. Enterprise Holdings advances towards the next phase of mobility through the continued expansion of its broad-based international presence through the use of its diversified suite of products. Enterprise Holdings operates an integrated worldwide network of owned and licensed business operations through nearly 9,500 fully staffed locations in over 90 countries and jurisdictions.

6. Alphabet Mobility

Headquartered in Germany, Alphabet Mobility is a global provider of business mobility and full-servicing lease. The company offers grade AI-solutions and engineering excellence in car rental & sharing services across the world.

Alphabet Mobility has made significant investments towards transforming corporate fleets into more sustainable options through significant investments in electric vehicles and digital services, which show that they have experienced increases of 45% (compared to last year) for xEV orders, and growth rates of 78% for BEVs, meaning that now, and 35% of their total fleet is composed of electric vehicles. This is supported by their wide range of flexible leasing, rental, and consulting options that are designed to help businesses transition to e-Mobility, including the AlphaElectric approach and Carbon Manager tool.

7. LeasePlan

LeasePlan, founded in 1963 and headquartered in the Netherlands, is a global leader in vehicle leasing, fleet management, and driver mobility, managing over 1.8 million vehicles in more than 30 countries. In May 2023, LeasePlan was acquired by ALD Automotive to deliver end-to-end "Car-as-a-Service" solutions, including financing, maintenance, insurance, and EV transitioning for corporate and private clients.

8. Arval

Arval is a leading provider of full-service vehicle leasing solutions. Headquartered in France and a wholly-owned subsidiary of the BNP Paribas Group since 1989, Arval has over 29 countries of operations and employs more than 8600 people. The company manages nearly 1.8 million vehicles, as of December 2024, for corporate, SME, and retail clients. Its Flex EV program provides an opportunity for customers to test drive electric vehicles with a short-term rental ranging from 1 to 24 months, so that the customer & driver can fully experience their day-to-day life as an electric vehicle owner or driver.

9. Uber Technologies, Inc.

Uber Technologies, Inc. is a worldwide technology platform operating the largest global mobility company, headquartered in the U.S. They offer ride hailing, food/grocery delivery and freight in over 70 countries and more than 15,000 cities.

In May 2025, Uber Technologies, Inc., and Turo, the largest peer-to-peer car-sharing marketplace, announced that drivers can rent Turo vehicles from the Uber App in the U.S. Turo's vehicles will now be included in a growing list of vehicles that travelers can rent under Uber's ecosystem from Turo as part of Uber's and Turo's collaboration for their U.S. debut.

10. Lyft, Inc.

Founded by Logan Green and John Zimmer in 2012, Lyft, Inc. is one of the top 10 electric car rental companies, based in San Francisco, California. It is also the second largest ridesharing company operating across Canada and the US. It has various services available for their users ranging from car rentals, on-demand rides, bicycles and scooters to multimodal options.

In June 2021, in partnership with a local utility company, Lyft launched a pilot program to provide electric vehicles for ride-hail drivers in certain locations throughout the Bay Area. San Mateo County, will be the first to be included in this pilot program. The program is expected to commence this fall. Approximately 100 EVs will be supplied by the ride-hail Lyft and Peninsula Clean Energy will be used during the trial period of this program.

Is Electric Car Rental Shaping the Future of Daily Transportation?

As more and more car rental companies switch to electric vehicle fleets due to cost savings, convenience, including lower maintenance, and government incentives, the electric vehicle rental market is growing exponentially with EV rentals for corporate business, urban mobility, and tourist use cases being at the center of the industry's growth. Companies are partnering with charging station networks in order to provide better access to EV rentals, as well as developing and using AI for predictive maintenance, managing charging stations, and developing customer-facing applications. Future EVs will likely be combined with autonomous, self-driving capabilities to improve safety and efficiency.