European EV sales are stalling and need to accelerate if massive EU targets are to be met. Cheaper vehicles are a must. Germany’s axing of subsidies won’t help.
Electric vehicles were already considered expensive and hard to repair. Now their image could take another hit as rental giant Hertz dumps 20,000 of them, including Teslas, for gas-powered cars. Hertz, the largest U.S. fleet operator of EVs, has blamed the sale on high repair costs and weak demand for the vehicles it offers on rent.
Towards more gas powered cars to meet up with customer demands. if you look at the hertz website right now where they are selling some of these cars, some tesla s aren t listed for as low as $20000. hurts in their filing seems to indicate it comes down to money. to cost. ev s cost a lot more to repair those battery packs are extremely offensive. back in 2020 when hurts committed to buying 100,000 teslas to build up its ev fleets. but in 2022 in the beginning of 2023 the cost of tesla started to drop and now it is impacting cost for the rental car company. the hertz ceo said in an interview last week that earlier this week the demand for ev s is not happening as quickly as they expected and at a level that justifies keeping a fleet that large. hertz says the sale of these cars will bring in route
Hertz will sell off one-third of its electric vehicles (EVs) and will replace some of its global fleet with gas-powered cars, driven by higher costs and soft demand. The decision to sell off 20,000 EVs came as the cost of repairs for its EV fleet, mostly made up of Teslas, has been higher than expected,…
The decision by Hertz to sell one-third of its electric vehicle fleet due to rapid depreciation has raised concerns about the viability of EVs. The company cited high repair costs and an increased likelihood of collisions as contributing factors. Critics, including Senator John Barrasso, seized on the news to argue against Biden administration policies promoting electric vehicles. Hertz CEO Stephen Scherr partly blamed Tesla s price cuts for the depreciation, while also acknowledging the need for further market development. Despite this setback, industry experts emphasize that there is still a growing market for electric vehicles in the United States.