Hertz Wants to Electrify Fleet, Starts with Order of 100,000 Teslas

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Hertz 100,000 Teslas

Hertz Wants to Electrify Fleet, Starts with Order of 100,000 Teslas

If you often rent cars from Hertz, your next rental could be a Tesla. Hertz has ordered 100,000 Teslas as part of an ambitious plan to upgrade and electrify its fleet. The first batch of Teslas should be available to rent from Hertz in major US and European markets in early November.

The Hertz deal is the single largest order ever for electric vehicles. Bloomberg reports that it will bring $4.2. billion in revenue to Tesla. The news sent Tesla’s toward new record highs, up 6.8% today.

Anyone who rents a Tesla vehicle from Hertz will be able to use Tesla’s network of 3,000 superchargers across the US and Europe. Hertz says it’s planning to add similar superchargers of its own, dispersed throughout its location network.

“Electric vehicles are now mainstream, and we’ve only just begun to see rising global demand and interest,” said Hertz’s 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 went into bankruptcy last year as the pandemic halted travel. The company eventually re-financed for $5.9 billion. Hertz now plans to electrify nearly all of its fleet of about 500,000 cars and vans.

Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

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  1. What a stupid move by hertz. The average customer is not going to understand how to use the cars as well as charging them.

  2. if they last long enough, Hertz will have almost no maintenance costs on the electric cars
    The problem will be trying to get them charged again quickly – so they NEED superchargers at their locations just to do that – they can not afford to have 100 cars charging slowly at night for 12 hours

  3. Yes. They almost succeeded but this time it’s a sure bet. Who wants to waste time going to a designated charging station with a rental car.
    Gas station on every corner. Charging station?? Run out of gas. Get gas delivered by AAA. Run out change. SCREWED!!


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