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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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