Plugging In: Hertz Orders 100,000 Teslas

Image: Hertz car rental sign (photo by Eric Bowman)
Image: Hertz car rental sign (photo by Eric Bowman)
Bruce Parkinson
by Bruce Parkinson
Last updated: 7:52 AM ET, Tue October 26, 2021

Hertz has announced plans to build the largest electric vehicle (EV) fleet in North America, with an initial order of 100,000 Teslas by the end of 2022 and a commitment to add new EV charging infrastructure across its global operations.

Hertz was the first U.S. car rental company to introduce EVs to its rental fleet in 2011 and the first to implement a wireless charging system for electric vehicles. The company also is the exclusive rental car member of the Corporate Electric Vehicle Alliance, a consortium of companies focused on accelerating the transition to electric vehicles.

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

Hertz is in the midst of a corporate transformation. The company has restructured parts of its business in recent months as it emerged from Chapter 11 bankruptcy protection proceedings .

Beginning in early November and expanding through year-end, customers will be able to rent a Tesla Model 3 at Hertz airport and neighborhood locations in U.S. major markets and select cities in Europe.

Hertz is also installing thousands of chargers throughout its location network. Customers who rent a Tesla Model 3 will have access to 3,000 Tesla supercharging stations throughout the U.S. and Europe.

The car rental company says it will offer a "premium and differentiated" rental experience for the Tesla EVs. This includes digitized guidance to educate customers about the electric vehicle to get them on their way quickly, and coming soon, an expedited EV rental booking process through the Hertz mobile app.

With the current order, EVs will comprise more than 20 percent of Hertz global fleet and is expected to be supported by a combination of Level 2 and DC fast charging in approximately 65 markets by the end of 2022 and more than 100 markets by the end of 2023.

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