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

17 Feb 2024 | Abstracted from Corporate Knights

"Make no mistake, [Hertz] is developing a clear understanding of the key levers needed to deliver a more profitable EV rental fleet in a world that is moving toward electrification...the company had not prepared for in its EV adoption projections...EVs came with significantly higher repair costs...

"Hertz's snail's pace is not indicative of the wider market. By 2026, battery electric vehicles and plug-in hybrids will account for 42% of European new passenger vehicle sales and 52% of sales in China."

ADDITIONAL RELATED NEWS LINKS

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


• 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


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


• Rental EVs Are Attracting First-Timers To Electric Cars