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Hertz said it will buy 100,000 Tesla Model 3 cars by the end of 2022. It’s one of the largest purchases of battery-powered cars in history.

By Chris Isidore, CNN Business Hertz is betting big on electric vehicles. It's buying 100,000 Teslas, the largest-ever order by a single buyer. The purchase

Fresh out of bankruptcy, Hertz announced today it has acquired 100,000 Teslas in what represents the largest electric vehicle fleet in North America and one of the largest in the world. See: Hertz...

DETROIT (AP) — Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of ...

Hertz is betting big on electric vehicles. Its buying 100,000 Teslas, the largest-ever order by a single buyer.

If automakers are being pushed to produce only electric vehicles, it was only logical that rental car companies would follow suit. It is in this context that Bloomberg said Hertz is planning to buy 100,000 Tesla vehicles in the next 14 months, a $4.2-billion deal. It even hired Tom Brady to help it rent these new Teslas.

Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of battery-powered cars in history.

Firm’s shares surge up to 14.9% to $1,045.02 making it world’s most valuable automaker

The order is one of the largest purchases of battery-powered cars in history and the latest evidence of increasing commitments to EV technology.

The order is one of the largest purchases of battery-powered cars in history and the latest evidence of increasing commitments to EV technology.