Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of battery-powered cars in history.

The purchase by one of the world’s leading rental car companies reflects its confidence that electric vehicles are gaining acceptance with environmentally minded consumers as an alternative to vehicles powered by petroleum-burning internal combustion engines.

In an interview with The Associated Press, Mark Fields, interim CEO of Hertz, said that Teslas are already arriving at the company’s sites and should be available for rental starting in November.

Hertz said in its announcement that it will complete its purchases of the Tesla Model 3 small cars by the end of 2022. It also said it will establish its own electric vehicle charging network as it strives to produce the largest rental fleet of electric vehicles in North America.

Source: CBC

Date: November 10th, 2021

Link: https://www.cbc.ca/news/business/hertz-tesla-1.6224352

Discussion

1. The move to battery-powered rather than fossil-fuel powered cars is a technological transformation. Why is this?
2. What are some issues that Hertz will face moving to having 100,000 battery-powered vehicles?