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This is news, only because everyone else is doing the opposite lol
Not sure why the news focuses 90% of their effort on small things.
They’re a car rental place, so they profit off fuel too. It all comes down to profit for them, and they also need to accommodate the toxic anti EV crowd too unfortunately
This is the best summary I could come up with:
Hertz is selling off a third of its electric vehicle fleet, which is predominantly made up of Teslas, and will buy gas cars with some of the money it makes from the sales.
The company said in a Thursday morning filing that it is recognizing “approximately $245 million of incremental net depreciation expense related to the sale,” which is a dry way of saying it’s taking a bath on the decision.
Hertz’s move to slash its EV fleet comes as electric vehicle sales growth has cooled from record highs.
The news helped Hertz distance itself from a chaotic bankruptcy and pushed Tesla’s valuation over the $1 trillion mark for the first time.
Scherr maintained at the time that his company was “committed” to buying 100,000 cars from Tesla, even while he admitted that the automaker’s price cuts had shrunk the value of its modest EV fleet.
The company did not say Thursday how its decision to sell a third of its EV fleet will impact those plans, and didn’t immediately respond to a request for comment.
The original article contains 350 words, the summary contains 176 words. Saved 50%. I’m a bot and I’m open source!
EVs are a terrible choice for a rental vehicle if you are away from home. I know a guy who traveled somewhere for work and was given a Tesla as a rental. He was happy at first until he realized that the hotel he was staying at didn’t have any charging stations available and that he couldn’t find any other charging station that worked nearby. He barely made it to the only Tesla charging station in town which was on the other side of the city with an almost dead battery. Then he realized that the fast charging feature was broken and had to stay there for hours while his car was being trickle charged.
I made a similar comment not noticing I was in the electric cars instance a few weeks ago and got down voted to hell, but it’s absolutely not practical for a rental. I wrote up a whole point by point thing on why, but essentially it boiled down to rental cars typically being used on your vacation time, and most people don’t want to go out of their way to find a place to charge an EV while using their limited vacation time. If renting for a road trip, no one wants to add hours of drive time to the trip for charge time either. They need a better, faster charging solution.
I think it VERY much depends on the city and it’s charging infrastructure.
It’s definitely not something a rental agency should be giving out in an area with poor infrastructure.