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Hertz is buying 100,000 Teslas to electrify its fleet

2021-10-25 18:15 by
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Rental car company Hertz has ordered 100,000 Teslas as part of an ambitious plan to electrify its fleet. Hertz customers will be able to rent a Tesla Model 3 at airports and other locations in major U.S. cities and some cities in Europe starting in early November, the rental company said in a statement. The electric vehicle fleet will continue expanding through the end of the year.

"Electric vehicles are now mainstream, and we've only just begun to see rising global demand and interest," said Mark Fields, the interim CEO of Hertz and former CEO of Ford. "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."

Customers who rent a Tesla Model 3 will have access to the EV company's 3,000 supercharging stations throughout the U.S. and Europe, and Hertz says it's moving forward with installing thousands of chargers throughout its location network.

Electric vehicles will now make up more than 20 percent of the company's fleet across the globe with the current Tesla order. Hertz began adding EVs to its rental fleet in 2011.

The announcement comes just months after Hertz escaped bankruptcy. The COVID-19 pandemic hit Hertz particularly hard, as the almost complete halt in business and personal travel during the early lockdowns brought the company's operations to a standstill. The revenue hit was severe enough to force Hertz into bankruptcy in May 2020.

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