Hertz Orders 100,000 Teslas by End of 2022
October 25 2021 - 8:58AM
Dow Jones News
By Dave Sebastian
Hertz Global Holdings Inc. said it has placed an initial order
for 100,000 Tesla Inc. vehicles by the end of 2022, an investment
the rental-car company is making after emerging from bankruptcy
under new ownership.
The company on Monday said starting in early November and
expanding through the end of the year, Hertz customers will be able
to rent a Tesla Model 3 at airports and other locations in major
U.S. markets and certain cities in Europe.
Electric vehicles will comprise more than 20% of the company's
global fleet with the current order, Hertz said. The company said
it introduced electric vehicles into its fleet in 2011.
Hertz said it is also installing thousands of electric-vehicle
chargers in its network. Customers who rent a Tesla Model 3 will
have access to 3,000 Tesla supercharging stations in the U.S. and
Europe, the company said.
Hertz said it expects a combination of level 2 and DC fast
charging in about 65 markets by the end of 2022 and more than 100
markets by the end of 2023.
"Electric vehicles are now mainstream, and we've only just begun
to see rising global demand and interest," said Mark Fields,
Hertz's interim chief executive.
The investment in electric vehicles is part of what the company
defines as "the new Hertz," which focuses on electrification,
shared mobility and a digital-first experience, the company
said.
Hertz warned that the efforts could be hampered by factors
outside its control, such as the shortage of semiconductor chips
and other constraints.
The company said it has partnered with Super Bowl champion Tom
Brady for a marketing campaign for the electric-vehicle
rentals.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
October 25, 2021 08:43 ET (12:43 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.