Chester T. Dean 
In October 2021, online publications and news reports claimed that Hertz, one of the world’s leading car rental companies, announced a major investment in electric cars by ordering 100,000 Tesla vehicles.
For example, a popular post on Reddit said “Hertz orders 100,000 Teslas valued at $4.2 billion.” This post included a link to a October 25 article on tech news site The Vergewho himself reports that:
Car rental company Hertz has ordered 100,000 Teslas as part of an ambitious plan to electrify its fleet. A first batch of Tesla Model 3 sedans will be available for lease from Hertz in major US and European markets from early November…
These accounts were accurate.
In a press release issued on October 25, Hertz announced what it described as “the largest [electric vehicle] rental fleet in North America and one of the largest in the world”, which would consist of “an initial order of 100,000 Teslas by the end of 2022 and new [electric vehicle] charging infrastructure across all of the company’s global operations. »
The announcement can be read in full here, here and here.
The company, which is headquartered in Estero, Florida, specified that it would add 3,000 chargers in the U.S. and Europe, and the electric vehicle page on its website said Tesla Model 3 vehicles would be available for lease starting Nov. 7, 2021. According to Hertz, the 100,000 new Teslas would increase the share of electric vehicles in its total rental fleet to 20%.
The claim that the deal between Hertz and Tesla was worth around $4.2 billion has yet to be verified, but was attributed to unnamed sources in a October 25 report by Bloomberg.
Sources:
chrisdh79. “Hertz Orders 100,000 Teslas in Deal Worth $4.2 Billion | It is the largest electric vehicle order. R/TechnologyOctober 25, 2021, www.reddit.com/r/technology/comments/qfg871/hertz_orders_100000_teslas_in_deal_reportedly/.
Hertz. Hertz Invests in Largest Electric Vehicle Rental Fleet and Partners with Seven-Time Super Bowl Champion Tom Brady to Launch New Campaign. https://www.prnewswire.com/news-releases/hertz-invests-in-largest-electric-vehicle-rental-fleet-and-partners-with-seven-time-super-bowl-champion-tom-brady- at-headline-new-campaign-301407266.html. Accessed October 26, 2021.
Hertz Invests in Largest Electric Vehicle Rental Fleet and Partners with Seven-Time Super Bowl Champion Tom Brady to Launch New Campaign. https://ir.hertz.com/2021-10-25-Hertz-Invests-in-Largest-Electric-Vehicle-Rental-Fleet-and-Partners-with-Seven-Time-Super-Bowl-Champion-Tom- Brady-to-Headline-New-Campaign. Accessed October 26, 2021.
Newswire, MultiVu-PR. “Hertz Invests in Largest Electric Vehicle Rental Fleet and Partners with Seven-Time Super Bowl Champion Tom Brady to Launch New Campaign.” MultiVu, https://www.multivu.com/players/English/8971751-hertz-invests-in-largest-electric-vehicle-rental-fleet-partners-with-tom-brady-for-new-campaign/. Accessed October 26, 2021.
Vincent, Jacques. “Tesla’s value tops $1 trillion after Hertz orders 100,000 of its vehicles. » The edgeOctober 25, 2021, https://www.theverge.com/2021/10/25/22744504/hertz-tesla-order-100000-vehicles-electrify-fleet.
