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Government Corruption

The Truth Hertz: Rental Giant to Shed 20,000 EVs -- and Gas Up

2024-01-12

[HOT AIR] Just a few months ago, Hertz committed to making electric vehicles a quarter of its rental fleet. They had already announced an intent to partner with Tesla as a major provider for their future fleet, which had pushed Tesla’s value even higher. Supposedly, the scale of the demand and usage would lower costs across the board and make fleet maintenance all that much easier for Hertz and other rental agencies.

Now, however, Hertz has hit reverse — and taken a big hit to its bottom line. Bloomberg reports today that the leading rental company wants to sell off a full third of its existing EVs and replace them with gasoline-powered vehicles:

Posted by:Besoeker

#5 I rented a car from Hertz this summer. They had a thing where you could pick your own car from a select group.The first vehicle I picked was an EV (not a Tesla). Since I had to drive almost 100 miles to my son's house, I noped out of there right away.

Posted by: Rambler in Virginia 2024-01-12 21:07

#4 If it doesn't have a golf club bag rack or say Hot Wheels on the side, ain't interested.

Posted by: swksvolFF 2024-01-12 18:40

#3 EVs are nice if you don't have to go anywhere.

Posted by: SteveS 2024-01-12 18:07

#2 Don’t forget the gov’t recently mandated EV rental when on official travel, with some exceptions. I was on recent company travel my Hertz reservation had several add’pages of propoganda for using an EV. No thanks.

Posted by: USN Ret. 2024-01-12 18:01

#1 We are about to see what a used EV is worth.

Spoiler: pretty much nothing.

Posted by: M. Murcek 2024-01-12 15:02

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