Friday, May 20, 2022

Car Rental firm Hertz makes order for 100,000 Teslas

Great News for Tesla and fans of electric vehicles. The American car rental company Hertz has ordered 100,000 electric cars from Tesla. These are to be delivered by the end of 2022. Customers will be able to rent the Tesla Model 3 at selected Hertz locations in the USA and Europe from the beginning of November this year already.

The car rental company justifies the investment by saying that “consumer interest in electric vehicles (EVs) is skyrocketing”. With the 100,000 Teslas, Hertz aims to offer the “largest EV rental fleet in North America and one of the largest in the world”. It is still unclear how many of the vehicles are intended for North America and what proportion will be rented in Europe.

Hertz is also planning to install “thousands of charging stations” at its locations. Hertz has not gone into further detail at this point. However, the car rental company has confirmed that Model 3 rental customers will have access to Tesla Superchargers.

The 100,000 vehicles are expected to be delivered by the end of 2022, though Hertz is already citing that this ambition could be affected by factors outside the company’s control.

“Electric vehicles are now mainstream, and we’ve only just begun to see rising global demand and interest,” said Mark Fields, interim CEO of Hertz. “The new Hertz is going to lead the way as a mobility company, starting with the largest EV rental fleet in North America and a commitment to grow our EV fleet and provide the best rental and recharging experience for leisure and business customers around the world.”

Fields has been interim CEO at Hertz since the beginning of the month, only sitting on the board of directors since June.

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Hertz says that with the current order, electric vehicles make up more than 20 per cent of its global fleet. The major order is also very significant for Tesla.

Hertz has not disclosed the financial scope of the deal or the exact Model 3 variant. The news agency Bloomberg reported on the order before the company’s announcement, citing a purchase volume of around 4.2 billion dollars.

Hi I'm Leanne. I'm a big fan of electric cars (drive a Model 3 myself) and support the movement to go electric! I hope you enjoy my Articles here on the website.
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