Uber said on Wednesday, Oct. 27, that it will be providing 50,000 Tesla cars to its drivers by the year 2023. The company said that it will get the EVs from Hertz through a rental deal.
Hertz just placed an order for 100,000 units of Tesla cars earlier this week and it was reported that half of these will be supplied to Uber. In the agreement, drivers working for the said transport company can rent the Tesla cars if they want.
According to CNBC, Uber stated that the deal with Hertz is also part of its plan to achieve its zero-emissions goal. The company pointed out that this is also beneficial to drivers since using an electric car is one way to increase their earnings. This is because they will be able to save on gasoline.
The implementation of the deal is taking effect already since starting next week. Uber drivers can now rent the 2021 Tesla Model 3 cars under Hertz’s rental program. Initially, this was only available in San Francisco, Los Angeles, Washington DC, and San Diego. Uber will expand the program in the following weeks for nationwide coverage.
“This new program with Hertz aims to create positive environmental benefits by reaching rental drivers, who are often looking to offer rides for more hours and more miles than the average driver,” Uber senior vice president of mobility and business operations, Andrew Macdonald, said in a press release. “Research shows that when rideshare drivers go electric, they realize 3 to 4 times greater emissions savings than average car owners and we believe this will be a win-win for drivers who rent: a chance to both increase earnings and reduce environmental impact.”
Finally, Reuters noted the Hertz rentals for Tesla electric vehicles will mostly offer the Model 3 sedan. For Uber drivers, this model will be exclusively available to them and start out at $334 a week. The fee already includes the maintenance and insurance. The transport company said that the price for the rental will go down to just $299 per week or lower as it expands the rental program in the coming year.


Telix to Acquire Germany’s ITM in $1.65 Billion Radiopharma Deal
US, Japan and South Korea Back Taiwan Ahead of Trump-Xi Summit
White House Bars CNN, MS NOW and Politico Reporters
European Stocks Slip as Iran Tensions Offset Strong Eurozone Data
US Stock Futures Rise as Meta Muse Fuels AI Rally
Oil Prices Surge as U.S.-Iran Diplomacy Hopes Fade
Asian Stocks Mixed Ahead of Trump-Xi Meeting
Petrobras Joins Brazil Diesel Subsidy Program
US Northeast Airports Resume Operations After Telecom Outage Disrupts Thousands of Flights
Microsoft Stock Upgraded as Stifel Sees Stronger Azure Growth
Yen Weakens as Dollar Gains on Widening US-Japan Rate Gap
Novo Nordisk Weighs Direct NYSE Listing to Boost U.S. Profile
Oil Prices Rise as U.S.-Iran Talks Fuel Diplomacy Hopes
Oil Prices Extend Losses as U.S.-Iran Talks Ease Supply Fears
Gold Prices Rise as Oil Slide Eases Fed Rate Hike Fears
China Vanke Shares Jump as Beijing Moves to Ease Debt Pressure 



