Hertz invests big in electric vehicle rental fleet; orders 100K Tesla EVs

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Tesla Model 3 at Hertz airport location
Tesla Model 3 electric vehicles at Hertz airport location. Photo by E.R. Davidson

Hertz Corporation is ordering 100,000 electric vehicles (EVs) from Tesla Inc (NASDAQ: TSLA) by the end of 2022 and new EV charging infrastructure across its global operations.

The order is part of Hertz’s significant investment to offer the largest EV rental fleet in North America. Its EV rental fleet will also be one of the world’s largest.

Customers will be able to rent a Tesla Model 3 at Hertz car rental offices at the airports and neighborhood locations in major U.S. markets and select cities in Europe starting in early November.

Hertz said it is installing thousands of chargers at its location network. Its customers who rent a Tesla Model 3 will also have access to 3,000 Tesla supercharging stations across the United States and Europe.

Hertz said EVs will account for over 20% of its global fleet with its current Tesla order. Its EV rental fleet will 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.