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Hertz to purchase 1,00,000 Tesla e-vehicles, the largest EV purchase to date

Car rental company Hertz has announced a significant investment to offer the largest EV rental fleet in North America and one of the largest in the world. This involves an initial order of 100,000 Teslas by the end of 2022 and a new EV charging infrastructure across the company's global operations.

In addition, Hertz is also partnering with seven-time Super Bowl champion and entrepreneur Tom Brady to showcase how it is making EV rentals fast, seamless, and more accessible, as the company steps up its commitment to lead the future of mobility and travel.

"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."

Commencing 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.

The company has also stated that it will be 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.

Hertz will offer a premium and differentiated rental experience for the Tesla EVs. This contains 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 existing order, EVs will comprise more than 20 percent of Hertz's 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.

Hertz said these ambitions could be affected by factors outside of Hertz's control, such as semiconductor chip shortages or other constraints. 

Author : Moulin Oza
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