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How the massive EV transition is starting in the car rental industry

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How the massive EV transition is starting in the car rental industry

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Led by Hertz and Tesla, the race is on in the rental car industry to transition to EVs.

Department of Energy, was centered at Orlando International Airport and as well comprised resorts and theme parks in the area."We also had close partnerships with local regulators and policymakers, which was critical in making sure we did this the right way," said Chris Haffenreffer, assistant vice president of innovation at Enterprise.

Not long after Hertz Global Holdings emerged from bankruptcy last summer, reorganized after the Covid-19 pandemic stalled the entire car rental industry, the Estero, Florida-based company boldly announced a $4.2 billion deal to purchase 100,000 Tesla fully electric vehicles (EVs) by the end of 2022.


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Article Details

Category: Economy

Topics: Cnbc Source:tagname:CNBC US Source Renewable Energy Evolve Sustainable Energy Articles Electric vehicles Avis Budget Group Inc General Motors Co Retail Autos Car rental Special Reports Alternative and sustainable energy Business News Technology Climate change Hertz Global Holdings Inc Leadership

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-18, 14:23:00

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 9 minutes read

Article Length: 1577 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 522

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Main Topics: Economy

Official Website: cnbc.com

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Year Established: 2005

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News Last Updated: 11h ago

Coverage Areas: United States

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