Tesla Model 3

Earlier this week, Hertz announced that it ordered 100,000 vehicles from Tesla, which was the largest single order the carmaker has received to date. Now, Uber is adding to the momentum with plans to incorporate up to 50,000 Tesla vehicles into its fleet by 2023.

This news is made possible by an agreement between Hertz and Uber, which will allow Uber drivers in Los Angeles, San Francisco, San Diego, and Washington, DC, to begin renting Tesla vehicles starting November 1. The agreement aims to have all 50,000 vehicles available for hire by 2023.

Perhaps, this announcement should come as no surprise. Previously, Uber has shared plants to implement all-electric fleets in North America and Europe by 2030.

In the official release, Mark Fields, Hertz interim CEO says, “Today’s partnership with Uber is another major step forward in Hertz becoming an essential component of the modern mobility ecosystem and executing on our commitment to being an environmentally forward company. We are creating the new Hertz and charting a dynamic, new course for the future of travel, mobility and the auto industry.”

Drivers interested in renting a Tesla via this partnership can expect gas savings, higher earnings potential, access to the Tesla Supercharger network and Uber’s exclusive EVgo discounts, and other financial benefits through Uber’s Green Future program.

Business Insider notes that shares of Uber were up about 2 per cent in early trading today following the announcement.

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