Today news
About the same in other media
Hertz’s supercharged Tesla deal could haul us into the electric vehicle age
Reading now: 405
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.
Read more on theguardian.comAbout this in other media
This strategy is ideal for traders in the Dogecoin market right now ambcrypto.com /3 years ago
The city of Philadelphia rolls out its own blockchain initiative cointelegraph.com /3 years ago
Car firms agree at Cop26 to end sale of fossil fuel vehicles by 2040 theguardian.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
