Hertz Increased Its Fleet of Electric Rental Cars - Then, Its Profits Exploded

30 Dec 2022 | Abstracted from The Cool Down

"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."

ADDITIONAL RELATED NEWS LINKS

• What To Do If You've Just Rented An Electric Car


• Hertz Electric Fleet Sell-Off Does Not Spell Doom For Future Of EVs


• EV Rentals Can Lead The Way To Increased EV AdoptionNew Study RevealsUnexpected Impact Of Car Rentals On EV Adoption - Here's How It Could Change Everything


• EVs Are Cheaper Than Ever. That's Bad For EV Owners


• Hertz Is Walking Back A Big Bet On EVs. Here's What's Really Going On


• Tesla Model 3s From Hertz Are Going For As Low As $14,000


• President Biden Wants Federal Employees To Drive Or Support Electric Vehicles: How Uber, Lyft, Hertz Could Benefit


• This Is Why EV Rental Is Surprisingly Expensive


• Hertz and Uber Announce Deployment of 25,000 Tesla and Polestar EVs in Europe


• Rental EVs Are Attracting First-Timers To Electric Cars