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Uber aims for 50,000 Teslas on its platform by 2023

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San Francisco, Oct 27 (IANS) Ride-hailing company Uber is acquiring 50,000 Tesla vehicles to rent to its drivers as part of an ambitious plan to electrify its fleet in the US by 2030.

The ride-hailing company is working with US-based rental car company Hertz, which announced that it had ordered 100,000 Tesla vehicles.

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The move comes as car companies and transportation providers around the world are coming under regulatory pressure to phase out gas-powered vehicles in favour of those that produce zero emissions, reports The Verge.

California, the largest auto market in the US, set in place rules for ride-hailing companies like Uber and Lyft, requiring that 90 per cent of their fleets be electric by 2030.

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Uber has long offered discounts on car rentals to drivers who don’t own their own vehicle, with Uber and Hertz working together on such a programme since 2016.

But they have never collaborated to rent out one specific vehicle to drivers until now, the report said.

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Starting November 1, Uber drivers who live in Los Angeles, San Francisco, San Diego, and Washington, DC can rent a Tesla Model 3 through Hertz at a rate of $334 a week, including maintenance and insurance.

The weekly rate will fall to $299 or lower as the programme gets underway, Uber says. And the programme will expand nationwide in the weeks to come — to have all 50,000 Teslas on Uber’s platform by 2023.

It may be difficult to attract drivers to the programme with a weekly rate of $334, but Uber is confident that drivers will see the benefit in fuel savings and less maintenance.

Meanwhile, Elon Musk-run electric car company has hit the $1 trillion market cap for the first time.

Tesla becomes the fifth US company to join the $1 trillion club, after Apple, Microsoft, Amazon and Alphabet.

Its stock soared to a new record-high after it crossed $950 during the trading — up more than 9 per cent.

The rally came after the US-based rental car company Hertz said it has ordered 100,000 Tesla vehicles (worth at least $4.2 billion) by the end of 2022 as part of an ambitious plan to electrify its fleet.

The move includes a new EV charging infrastructure across the company’s global operations.

–IANS

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