Remember how Hertz, the big car rental company, went all-in on electric vehicles (EVs) a few years ago? They bought a ton of Teslas, Chevrolets, Kias, and more to be the greenest rental fleet ever. Well, things haven’t exactly gone according to plan.
Hertz’s Electric Dreams Turn into a Nightmare
Hertz had some bad luck. First, a bunch of car companies started slashing EV prices in 2023. This meant the value of Hertz’s shiny new electric fleet dropped quickly. On top of that, fixing electric cars after accidents cost more than gas-powered ones, and getting parts was a hassle. All this led to big losses for Hertz.
The company’s CEO even got the boot, and they’ve been selling off their EVs like crazy. This week, they announced they’re selling 10,000 more than originally planned, bringing the total to 30,000 in 2024! Ouch.
Is this a sign electric cars are a bad investment? Not exactly.
Some people are saying Hertz’s troubles mean electric cars aren’t ready for the mainstream. But that’s not the whole story. Here’s the real deal:
Price cuts hurt Hertz’s bottom line. Those fancy new EVs lost a lot of value fast. This hurts rental companies that constantly buy and sell cars.
Electric car repairs can be pricey. Apparently, fixing electric cars after accidents costs more than gas-powered ones. Hertz wasn’t expecting that.
Parts shortages added to the pain. Getting replacement parts for some EVs took too long.
Hertz’s misfortune is your golden opportunity!
Here’s the good news: all those EVs Hertz is dumping can be yours for a steal! They have a website where you can browse these previously rented electric cars. We’re talking Chevys, Kias, Mercedes, and even Teslas, all at very reasonable prices with low mileage.
So, if you’re looking for an affordable way to ditch gas and go electric, check out Hertz’s used EV fire sale! You might just snag the perfect car. And who knows, maybe someday renting an electric car will be totally normal. But until then, you can benefit from Hertz’s mistakes!
