Hertz Increased Its Fleet of Electric Rental Cars - Then, Its Profits Exploded
30 Dec 2022 | Abstracted from The Cool Down
"Hertz discovered that electric vehicles are between 50-60% cheaper to maintain than gasoline-powered cars."Rental car company Hertz is shifting into high gear on the road to electric vehicles (EVs). Already, it has seen a 12% increase in yearly profits...
"...the less time a vehicle is receiving repairs at the auto shop means it's spending more time on the road and thus has more opportunities to make money as a rental."
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ADDITIONAL RELATED NEWS LINKS
- This Is Why EV Rental Is Surprisingly Expensive
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- Rental EVs Are Attracting First-Timers To Electric Cars
- Hertz Teams Up with Oil Giant BP to Install Thousands of EV chargers In the U.S.
- Hertz Rental Fleet to Add 175,000 GM Electric Vehicles
- How the Massive EV Transition Is Starting In the Car Rental Industry
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