Hertz Orders 100,000 Teslas, Among Largest EV Purchases Ever

11 months ago 156

By Associated Press
October 25, 2021

Hertz's acquisition ranks astatine the apical of the database of electrical conveyance orders by a azygous company.

Hertz announced Monday that it volition bargain 100,000 electrical vehicles from Tesla, 1 of the largest purchases of battery-powered cars successful past and the latest grounds of the nation's expanding committedness to EV technology.

The acquisition by 1 of the world's starring rental car companies reflects its assurance that electrical vehicles are gaining acceptance with environmentally minded consumers arsenic an alternate to vehicles powered by petroleum-burning interior combustion engines.

In an interrogation with The Associated Press, Mark Fields, Hertz' interim CEO, said that Teslas are already arriving astatine the company's sites and should beryllium disposable for rental starting successful November.

Hertz said successful its announcement that it volition implicit its purchases of the Tesla Model 3 tiny cars by the extremity of 2022. It besides said it volition found its ain electrical conveyance charging web arsenic it strives to nutrient the largest rental fleet of electrical vehicles successful North America.

The woody apt is worthy astir $4 cardinal due to the fact that each Model 3 has a basal terms of astir $40,000. It besides ranks astatine the apical of the database of electrical conveyance orders by a azygous company. 

The Hertz bid helped nonstop the terms of Tesla shares jumping astir 13% into grounds territory precocious Monday. The banal was trading astatine $1,024.84, pushing the world's astir invaluable automaker's full marketplace worth to conscionable implicit $1 trillion for the archetypal time.

Additional reporting by The Associated Press.