United Rentals announced that it is purchasing Ford EVs, which includes hundreds of its all-new electric pickup, the F-150 Lightning, and E-Transit vans.
(Photo : PAUL ELLIS/AFP via Getty Images)
A Ford E-Transit van is seen on display at the Ford Halewood plant in Liverpool, north west England on October 18, 2021.
United Rentals and Ford EVs
The giant equipment rental firm, United Rentals, in its partnership with Ford Pro, is going greener with a massive EV fleet as it tries to meet its sustainability goals in the North American region, as per a news story by Electrek.
The world of automobiles is already shifting to a greener approach with the release of various electric vehicles, expanding to full-sized pickup trucks to transport vans.
During the early days of EVs, most of the electric offerings out there primarily focused on sedans and SUVs, thanks to the Tesla Model 3 and the Model X.
But recently, giant EV makers, such as Tesla and Ford, are now introducing new forms of all-electric cars, such as semi-trucks, pickup trucks, and even vans.
Tesla has already introduced its semi-truck, aptly named the Tesla Semi, and its oddly-shaped Cybertruck pickup.
On the other hand, the electric offering of the iconic American car maker, Ford, now includes the F-150 Lightning pickup and the E-Transit Van.
United Rentals Ford EV Purchase
This time around, United Rentals is following the emerging trend of favoring all-electric vehicles after agreeing to purchase hundreds of new Ford EVs.
(Photo : JEFF KOWALSKY/AFP via Getty Images )
Ford Motor Company unveils their new electric F-150 Lightning outside of their headquarters in Dearborn, Michigan on May 19, 2021.
The equipment retail firm formally announced its partnership with Ford Pro to offer both the E-Transit and F-150 Lightning to its customers.
United Rentals said that it plans to initially purchase around 500 F-150 Lightning pickups as part of its agreement with Ford. That's not all, the firm is also ordering 30 E-Transit vans.
The deliveries of the electric trucks of Ford to United Rentals are beginning sometime at the end of 2022.
The E-Transit vans and F-150 Lightning pickups of United Rentals are both going to be used by its customers, as well as the rental firm itself.
Ford Stocks and United Rentals EV Purchase
According to a recent report by MarketWatch, the massive partnership between the giant automaker and United Rentals was favorable for the stock price of Ford.
Since then, the shares of Ford Motor already saw a 1.5% price increase in the premarket trading shortly after its latest agreement with the rental has been publicly disclosed.
Read Also: Ford's NEW Mustang Reportedly Gets Familiar Fuel Powered Engines! No EV Version at Launch?
United Rental: How Big is it?
It is worth noting that United Rentals is a massive multinational firm. To be more precise about it, Electrek noted the rental company has a fleet across the globe in roughly more than 1,300 locations.
However, North America, including the United States and Canada, is still the main location of United Rentals.
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Written by Teejay Boris
