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.


Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer
Northern Star Appoints New CEO as Activist Elliott Pushes for Leadership Overhaul
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble
Denmark Central Bank Intervenes to Support Krone Peg Against Euro
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism
US Dollar Rises as Fed Rate Outlook Stays Hawkish, Euro Slips and Yen Near 40-Year Low
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease
Greece’s Bad Loan Crisis Continues to Limit Credit Access Despite Economic Recovery
Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production
Anthropic Restores Claude Fable 5 and Mythos 5 After U.S. Lifts AI Export Controls
Super Micro Employees Detained in Taiwan AI Server Export Investigation
Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 



