Story at a glance
- 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.
- Electric vehicles will now make up more than 20 percent of the company’s fleet.
- The deal is reportedly the largest order of electric vehicles by a single buyer.
Rental car company Hertz is now betting big on electric vehicles.
The company on Monday announced it ordered 100,000 Tesla vehicles as part of its efforts to offer the largest EV rental fleets in North America and the world.
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.
The deal is reportedly the largest order of electric vehicles by a single buyer.
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“Electric vehicles are now mainstream, and we’ve only just begun to see rising global demand and interest,” Hertz interim CEO Mark Fields said in a release.
“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 added.
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.
Tesla stock soared as high as 7 percent following the news.
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