Hertz Orders 100,000 Teslas

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Automotive Editor

Based out of the Washington, D.C. area, Joel Patel is an automotive journalist that hails from Northern Virginia. His work has been featured on various automotive outlets, including Autoweek, Digital Trends, and Autoblog. When not writing about cars, Joel enjoys trying new foods, wrenching on his car, and watching horror movies. 

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, Automotive Editor - October 26, 2021

Over a year ago, Hertz filed for bankruptcy right as the COVID-19 pandemic brought travel to a halt and resulted in millions of Americans losing their jobs. Now, just a few months after coming out of bankruptcy and selling quite a large portion of its fleet, Hertz announced that it will be buying 100,000 Teslas by the end of 2022 and is creating its own electric vehicle charging infrastructure. Seems like a drastic move from a company that was on the brink of throwing in the towel.

Hertz’s press release doesn’t describe what vehicles it purchased from Tesla but specifically states that the electric vehicles will be delivered over the next 14 months. Bloomberg reports that the 100,000 vehicles that Hertz purchased are Tesla Model 3 sedans, with the first electric vehicles arriving at Hertz locations as soon as next month. The purchase is reported to cost around $4.2 billion.

In addition to placing the massive order for the Model 3 EVs, Hertz also announced that it has plans to set up 3,000 charging stations in 65 cities across the U.S. before the end of 2022 and 4,000 chargers by the end of 2023. The chargers will be a combination of Level 2 and DC fast chargers. Customers that rent a Model 3 before February 1, 2022, will be able to use Tesla’s extensive charging network for free.

Renting an electric car is a great way for interested shoppers to get an idea of how electric cars work. Additionally, renting an EV gives shoppers a look at whether an electric car works for their lifestyle. It’s a much better way than purchasing a pricey electric vehicle or paying a large amount of money to rent someone’s private vehicle.

One thing we’re curious about is how Tesla’s production issues and delays will affect customers that have pre-ordered an electric vehicle from the brand. Hertz will be receiving the first Model 3s from Tesla as soon as next month. Tesla’s website claims that the Performance trim has an estimated delivery date of November 2021, the Long Range in December 2021, and the Standard Range Plus in June 2022. We’re curious to know if Hertz’s order will take priority over a regular customer’s order. Because of the size of the order and the importance of the deal, we have to assume that Hertz takes priority.

As Car and Driver points out, Hertz first offered electric vehicles for customers to rent as early as 2011. The Tesla Model S arrived in its fleet in 2013 at airports in California. In 2017, both Hertz and Enterprise told the outlet that they were trimming the number of electric cars in their fleet because of low demand. Obviously, the number of electric cars on the market and the increase in the number of available chargers have made EVs far more popular. So, the decision to add 100,000 Model 3s to its fleet is a great move on Hertz’s part.

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Pictured: 2022 Tesla Model 3

, Automotive Editor

Based out of the Washington, D.C. area, Joel Patel is an automotive journalist that hails from Northern Virginia. His work has been featured on various automotive outlets, including Autoweek, Digital Trends, and Autoblog. When not writing about cars, Joel enjoys trying new foods, wrenching on his car, and watching horror movies. 

Follow On: Twitter

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