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Hertz Global Holdings Inc., barely four months out of bankruptcy, placed an order for 100,000 Tesla EV cars in the first step of an ambitious plan to electrify its rental-car fleet, according to people with knowledge of the matter.

 

It’s the single-largest purchase ever for electric vehicles and represents about $4.2 billion of revenue for Tesla Inc., according to the people, who asked not to be identified because the information is private. While car-rental companies typically demand big discounts from automakers, the size of the order implies that Hertz is paying close to list prices. 

 

Hertz - Green Bay CVB

 

“Electric vehicles are now mainstream, and we’ve only just begun to see rising global demand and interest,” Mark Fields, Hertz’s interim chief executive, said in a news release. “The new Hertz is going to lead the way as a mobility company, starting with the largest E.V. rental fleet in North America and a commitment to grow our E.V. fleet and provide the best rental and recharging experience for leisure and business customers around the world.”

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