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Hertz’s supercharged Tesla deal could haul us into the electric vehicle age
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On Tuesday, Hertz, the car-rental firm that recently emerged from bankruptcy, announced that it had made a deal to buy 100,000 cars from Tesla for what knowledgeable sources estimate to be worth $4bn. On learning this, my first thought was that if this is what insolvency is like, please direct me to the nearest bankruptcy court. My second thought, though, was that this could be a significant moment on the road to wider adoption of electric vehicles (EVs).
The reason is, as anyone who has rented conventional cars will know, is that the best way of having a realistic test drive of a vehicle is to rent one for a week or two on holiday. As Teslas become available via Hertz, many more people will have a chance to experience what an EV is like.
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