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@ 2024/01/12Unreliable and cost too much to repair
Rental giant Hertiz is flogging 20,000 EVs after losing millions to Tesla's price cuts.
Hertz has decided to dump a third of its electric cars, totalling around 20,000 vehicles, and buy more petrol-powered motors instead.
The rental giant has been bleeding money from its electric fleet, bosses have admitted, because they cost a fortune to fix and lose value fast.
Hertz CEO Stephen Scherr moaned in a recent call with analysts that collision and damage repairs on an EV can often run about twice that associated with a comparable combustion engine vehicle.
And EV price drops in the new car market have slashed the resale value of Hertz's used EV rental cars.
Rental giant Hertiz is flogging 20,000 EVs after losing millions to Tesla's price cuts.
Hertz has decided to dump a third of its electric cars, totalling around 20,000 vehicles, and buy more petrol-powered motors instead.
The rental giant has been bleeding money from its electric fleet, bosses have admitted, because they cost a fortune to fix and lose value fast.
Hertz CEO Stephen Scherr moaned in a recent call with analysts that collision and damage repairs on an EV can often run about twice that associated with a comparable combustion engine vehicle.
And EV price drops in the new car market have slashed the resale value of Hertz's used EV rental cars.
