hertz

Hertz, the car rental giant, has temporarily suspended its plans to acquire tens of thousands of electric vehicles (EVs) from Polestar this year, following a significant drop in the resale value of EVs. The decision marks a shift in Hertz’s electric ambitions, which previously included an agreement in 2022 to purchase 65,000 Polestar cars over […]

Hertz has announced plans to sell a significant portion of its U.S. electric vehicle (EV) fleet, comprising about 20,000 cars, and shift its focus back to gas-powered vehicles. This decision follows the identification of weak demand and high repair costs for its battery-powered cars, as detailed in a recent regulatory filing. The sale process, which […]

Hertz Global is reducing the speed at which it adds electric vehicles (EVs) to its rental fleet, according to executives on a third-quarter earnings call last Thursday. The company cited Tesla’s price cuts, which have negatively impacted the resale value of its electric vehicles, and higher-than-expected repair costs as reasons for the slowdown, reports CNBC. […]

Tesla North America announced that all Hertz rentals in the United States will now offer full access to the Tesla app. This enables renters to use features such as keyless entry, remote cabin preconditioning, and charge tracking. Additionally, if renters have enabled cloud profiles in their personal Tesla vehicles, those settings will automatically transfer to […]

The Hertz Electrifies electric vehicle (EV) adoption program has launched in Denver and is set to partner with local high schools in Colorado, as detailed last week in a press release. The program will partner with Denver’s Montbello Career and Technical High School to help educate students and the larger community about EVs, including training […]

Hertz has less than half of the Tesla vehicles in its fleet it planned to have by the end of 2022, according to a filing on Tuesday detailed by Bloomberg. In the filing, Hertz said its rental fleet had 428,700 vehicles last year, with 11 percent of those being Teslas. This equates to under 50,000 […]

The vehicle rental company Hertz has launched the Hertz Electrifies initiative in Denver, geared toward helping to increase electric vehicle (EV) adoption, as stated by the company in a press release on Thursday. The initiative also oversees a new partnership between Hertz and the city of Denver to help spur the transition to EVs, with […]

Hertz and Uber announced plans to deploy as many as 25,000 electric vehicle (EV) rentals in Europe as a new expansion to its partnership, according to a press release shared on Tuesday. The EVs are set to hit much of Europe in 2025, beginning with London and shortly followed by Paris and Amsterdam. The rentals […]

Rental vehicle company Hertz has seen its annual profits jump by 12% since adding electric vehicles (EVs) from Tesla, Polestar, and more to its fleet — reports The Cool Down. Hertz kicked off its transition to EVs by signing a $4.2 billion USD deal with Tesla for 100,000 units of the company’s Model 3 sedan in […]

Tesla’s electric vehicles (EVs) are rented frequently at Hertz locations, according to the company, which says it has similar amounts of corporate and legal customers going electric. Demand for Teslas at Hertz rental locations has remained “very, very solid,” according to the companies head in a statement to Yahoo Finance this week. “Demand has been […]

Electric vehicles (EV) are becoming popular rental cars through Hertz following partnerships announced last year, and another joint goal will see the advancement of charging stations in the U.S. Hertz announced a partnership with British Petroleum (bp) on a national network of EV charging stations, as detailed in a press release on Tuesday from the […]

Hertz and General Motors announced a partnership on Tuesday that will see up to 175,000 electric vehicles purchased from the latter. The agreement will see up to 175,000 Chevrolet, Buick, GMC, Cadillac and BrightDrop EVs purchased through 2027, offering a wide array of choices for customers. According to Hertz, it estimates the new EV fleet should […]

According to Uber, drivers in Toronto, Montreal and Vancouver can now rent Tesla vehicles on a weekly basis. The first Tesla fleet will become available this summer, part of Hertz’s plan to get 50,000 Tesla cars for Uber to rent by 2023. “As we continue towards Uber’s zero-emissions goal, our partnership with Hertz reflects the […]

Drivers for ride-sharing companies like Uber and Lyft chose Tesla 186 percent more often in May year-over-year, saying the EVs were more profitable amidst high gas prices, according to a report from Bloomberg. One California-based driver, Heidi Barnes, 34, rented a Tesla Model 3 from Hertz for a month through a deal with Uber, after […]

Uber announced on Tuesday over 15,000 of its drivers have signed up to rent Tesla vehicles through a previously announced partnership with Hertz. The ride-sharing company says this is the “largest-ever expansion” of EVs in North America on a mobility platform, plus over 5 million Tesla rides have occurred driving over 40 million miles, since […]