Your Next Rental Car Could Be a Tesla

Travelers who rent a car with Hertz may soon be driving off in a Tesla after the rental company ordered 100,000 vehicles from the electric car maker. Hertz said the purchase represented an initial order and it expects all the Tesla cars to be delivered by the end of 2022. Starting this month, Tesla Model 3 autos in major markets in the U.S. will be offered. Once Hertz receives the new cars, more than 20% of its global fleet will consist of electric vehicles. Hertz's interim CEO, Mark Fields, said in a statement that electric vehicles are now mainstream and Hertz is going to lead the way with the largest electric rental fleet in North America. In addition to buying the cars, Hertz said it will invest in charging infrastructure by installing thousands of chargers throughout its network. Drivers initially will be able to rent Model 3s for $334 a week before taxes and fees. Hertz plans to eventually lower that to $299.