Fresh off a massive announcement with Tesla. Hertz Interim CEO Mark Fields says he hopes to lead the adoption of electric cars for the rental car industry.
Hertz recently completed an order of 100,000 Teslas for the company. They expect to rent out 50,000 of the vehicles to Uber to support its driver network and its push to electrify.
The reason for going with Tesla is simple for Hertz. Their customers want to drive a Tesla, and they are going to provide them with that opportunity.
The move EVs is an essential focus for Hertz as it starts to drum up investor interest after its re-IPO on Tuesday.
The company sold 44.52 million shares at $29 each, raising $1.3 billion for the company.
Fields are no stranger to EVs. He is credited with planting the seeds at Ford for their EV pivot before his departure from the automaker in 2017.
However, Field’s biggest challenge at Hertz is to rebuild the car rental giant after Hertz exited bankruptcy back in June.
This move to EVs might be the start of something big for one of the biggest car rental companies in North America.
