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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Uber Collaborates with Hertz to give 50,000 Tesla Rentals

Uber partners with Hertz to offer 50,000 Tesla rentals to U.S. ride-hail drivers
The logo of car rental company Hertz is seen at a branch office in Zurich, Switzerland November 17, 2020. REUTERS/Arnd Wiegmann/File Photo

Hertz and Uber (NYSE: UBER) today are hastening the adoption of electric vehicles (EVs) in the U.S. through a new independent partnership to make up to 50,000 Teslas (NASDAQ: TSLA) ready by 2023 for drivers to rent when working on the Uber network.

This partnership is the largest development of electric vehicles on a mobility program in North America and one of the biggest globally, marking another step toward Uber’s zero-emissions purpose. Beginning Nov. 1, drivers can rent Teslas from Hertz through this business in Los Angeles, San Francisco, San Diego, and Washington, D.C. – with a national expansion in the coming weeks.

For Hertz, the partnership is part of its pledge to lead the future of travel, movement, and the auto industry. This involves Hertz leading in electrification, shared movement, and a digital-first consumer experience. On Monday, Hertz declared its most significant venture to offer the largest EV rental line in the North American region and one of the biggest worldwide. This incorporates an initial shipment of 100,000 Teslas by the end of 2022 and a new EV charging support across Hertz’s global operations.

“Today’s partnership with Uber is another major move forward in Hertz becoming a crucial component of the modern movement ecosystem and executing on our responsibility to being an environmentally forward company,” remarked Mark Fields, Hertz interim CEO. “We are creating the new Hertz and mapping a dynamic, distinct course for the future of travel, movement, and auto manufacturing.”

“Climate change is a critical global test we must all stop together, and now is the time to push a green improvement from the pandemic,” told Uber CEO Dara Khosrowshahi. “This unites the power of Tesla, Hertz, and Uber to help quicken the transition to zero-emissions movement. We look ahead to seeing more EVs on the street right away.”

For cabbies looking to rent a Tesla, this is the best deal possible in the market today. It gives drivers gas savings, higher income potential,
path to the Tesla Supercharger system and Uber’s exclusive EVgo discounts, and other monetary benefits through Uber’s Green Future plan, which grants incentives – such as $1 more per trip up to $4,000 annually – for cabbies to transition from gas-powered transportations to EVs.

Globally, customer interest in electric transports is skyrocketing because of environmental concerns, comfort, and decreased working costs. Access to carpool roads for solo-occupant transports – for both personal and ride-sharing transportations – also is a significant motivator.

Cabbies are becoming more interested in EVs. A recent poll of more than 6,000 internal combustion engine (ICE) cabbies using the Uber app revealed that 47 percent are drawn in a battery EV as their next car.

Uber and Hertz have partnered since 2016 to equip drivers with car rental opportunities. With this partnership, Hertz will kick off the plan by giving up to 50,000 vehicles by 2023 exclusively to cabbies. If successful, the plan could grow to 150,000 Teslas during the next three years. Hertz pointed out that these objectives could be affected by circumstances outside of its control, such as semiconductor chip shortages or other limitations.

Participating cabbies receive a preferred weekly price for Hertz rentals, including insurance, basic maintenance, and endless miles. The Hertz-Uber offering can also make it more manageable for drivers to source a car by dropping the long-term assurances that buying or leasing a car often demands.

Hertz has been an electric vehicle pioneer throughout the past decade. It was the first U.S. car rental business to introduce EVs to its rental fleet in 2011 and the first to execute a wireless charging system for electric transports. The company also is the independent rental car member of the Corporate Electric Vehicle Alliance, a consortium of businesses focused on quickening the shift to electric vehicles.


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