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The best and most frivolous car tech is going straight to EVs

Gone is the jaundiced bulb that blinks on when a car door is opened, the one your parents warned had to stay off while the vehicle was in motion. In its stead? A veritable LED disco. Today the interior of nearly every battery-powered car is veined with lights in the dashboard, door frames, foot wells and ceiling. ....

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FOXNEWS Fox News Live June 4, 2024 18:22:00

Selloff with the rental car company blaming the decision on higher repair costs and ev deappreciation. madison car pinot is live with the latest scarpino has the latest updates. madison, this is very interesting. reporter: yeah, jackie. hertz is one of the largest rental car companies in the world, and it plans to take the money from selling these evs and put it towards more gas-powered vehicles to meet customer demand. and if you look at some teslas that are up for sale on hertz s web site right now, some are listed for as low as around $20,000. hertz in their filing seems the indicate that it comes down to money, to cost. evs cost a lot more to repair. those battery packs are extremely expensive to e place. reporter: back in 2021 hertz committed to buying 100,000 teslas to build up its ev fleet, but in 2022 and the beginning of ....

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FOXNEWS Fox News Live June 4, 2024 18:23:00

2023, the cost of teslas started to drop, and now it s impacting costs for the rental car company. now, the hertz ceo says in an interview earlier this week that the demand if for evs is just not happening as quickly as a hay expected and at a level that justifies keeping a fleet that large. hertz says the sales of these cars will bring in around a $245 million. their job is to get ethos vehicles used all the time. if not, they re losing money on each vehicle. so getting rid of 20,000 of them and hopefully finding homes for those is a good idea. reporter: and now this all comes as the biden administration is granting $623 million to help build an ev charging network across the country. jacqui: madison scarpino for us, thanks so much. griff? griff: what again democrats are saying about president biden s strike against iran-backed targets in yemen, that s coming up next. ....

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Rental giant Hertz dumps expensive to repair EVs for petrol cars

Analysts say Hertz's move was another sign EV expectations need to be 'reset downward' ....

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Electric scooter battery explosion: Consumer forum directs Benling India to pay ₹10 lakh compensation

The Commission emphasized the manufacturer's responsibility to understand the causes of the explosion and noted that in this particular case, the manufacturers showed a lack of concern. ....

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