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London’s largest taxi expects to be fully electric by 2023

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London-based taxi and courier company Addison Lee has pledged to have only electric vehicles in its fleet by 2023. Even excluding the recent acquisition of the ComCab taxi service, the company has more than 4,800 vehicles in its fleet, and with this acquisition more than 7,000, making Addison Lee the largest taxi service in London.

Addison Lee now has 650 electric vehicles, and the company has turned to Volkswagen for a complete fleet renewal.

Addison Lee is investing $ 218 million in the refurbishment, choosing the Volkswagen ID.4 as the base model. The basic version of the ID.4 is equipped with a 77 kWh lithium-ion battery for a range of 400 km. Power plant with a capacity of 201 hp allows you to reach speeds of up to 160 km / h.

The first 450 electric vehicles Addison Lee will receive by the end of this year, after which it is planned to add 200 electric vehicles monthly. The company also plans to build its own charging infrastructure using its $ 4 million Future Mobility Fund.

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Electric Cars

Historic moment in the electric vehicle market: Hertz buys 100,000 Tesla vehicles for $ 4.2 billion

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Hertz Global Holdings Inc has ordered 100,000 Tesla electric vehicles, actively pursuing the electrification of its rental car fleet. The deal is worth $ 4.2 billion. It is the largest purchase of electric vehicles in history. Cars will be delivered within the next 14 months.

Bloomberg points out that the cost of the order implies that Hertz is paying for Tesla’s list prices, meaning it does not receive the discount on its large order that car rental companies usually get from automakers.

Bloomberg writes that the Tesla Model 3 will be available for rent from Hertz offices in major US markets and parts of Europe from early November. Customers will, of course, have access to Superchargers, and Hertz is also building its own infrastructure for charging electric vehicles.

The electrification plan, which will eventually cover nearly all of Hertz’s half a million cars and trucks worldwide, is the company’s first major initiative since bankruptcy in June. And it shows that the new owners of Hertz, Knighthead Capital Management and Certares Management, intend to shake up an industry dominated by a handful of big players who are usually slow to change.

Bloomberg

The face of the new ad campaign is NFL star Tom Brady.

Tesla shares rose 4-5% in response to the news and the upgrade from Morgan Stanley.

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Tesla capitalization exceeded $ 1 trillion

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At the end of last week, Tesla published its financial report for the third quarter, after which the value of one Tesla share in just one day rose by $ 10 and crossed the psychological mark of $ 900, setting a historic record. As a result, Tesla’s market capitalization has surpassed the $ 908 billion mark.

Today, growth continued, and when it became known about the receipt of a large order from the car rental company Hertz, Tesla’s capitalization exceeded $ 1 trillion.

Usually, car manufacturers do not advertise deals with car rental companies, as they usually sell relatively unpopular models at a discount. But in Tesla’s case, Hertz’s decision to order 100,000 EVs by the end of 2022 showed investors that EVs are no longer a niche product and could dominate the mainstream car market in the near future.

“Electric vehicles are mainstream right now and we are just starting to see an increase in global demand and interest,” Hertz interim CEO Mark Fields told Reuters.

Tesla CEO Elon Musk has set a goal of increasing sales by an average of 50% annually, eventually reaching 20 million a year. This will be more than double that of current sales leaders Volkswagen AG and Toyota Motor.

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Electric Cars

Tesla Model 3 and Model Y have risen in price for the second time in a month, new buyers of the base Model 3 will receive their car only by September 2022

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Tesla had already raised the price of its best-selling Model 3 and Model Y in the United States a few weeks ago, and now the company is raising prices again. Once again, the most popular models suffer. The increase was $ 2,000, however, it did not affect all modifications.

Thus, the Model 3 Standard Range Plus has risen in price from 42,000 dollars to 44,000. Interestingly, Tesla also updated the data on the lead time for the base Model 3 – new buyers will receive their electric car only in September 2022. However, it is possible to reduce the waiting period by several months if you choose larger wheels instead of standard wheels. Then you can get a freshly ordered base Model 3 by June 2022.

Tesla Model Y Long Range Dual Motor has risen in price from $ 55,000 to $ 57,000. Here, with the fulfillment of new orders for the Long Range version, it is also not easy: new buyers will have to wait for the crossover until August next year.

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