Hertz plans to sell 20,000 electric vehicles (EVs) due to high repair costs and customer complaints, replacing them with gas-powered vehicles. The move is seen as good news for shoppers seeking affordable EVs but raises concerns about the image and used-car market for EVs. The decision reflects a chilly reception to EVs and a mass realization that approved EV adaption timelines are misleading. The sale is expected to shift sentiment on turbo maker $GTX. Hertz's epic EV depreciation problem is considered a learning opportunity for consumers. The selloff is anticipated to prompt other companies to ditch EVs this year.
Last week, Hertz said it would pull back on that decision and sell a third of its EV fleet. Can rental EVs survive? https://t.co/d68i4g7pO1
Hertz's EV sale to fan cost concerns, dampen used-car market https://t.co/hNjDmyYPn1 https://t.co/e9G827Jlgs
“Hertz announced last week that it would be selling roughly a third of its fleet of electric vehicles, or roughly 20,000 cars that are predominately Teslas.” 🤔
⚠️ ANALYSIS-HERTZ'S EV SALE TO FAN COST CONCERNS, DAMPEN USED-CAR MARKET (Reuters) 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.… https://t.co/3dCHKPI3Cx
Hertz is offloading some 20,000 electric vehicles (EVs) from its rental fleet, which means now could be a great time to buy a used EV at a good price. https://t.co/66iu3Sy3Mz
Consumers have a lot to learn from Hertz’s epic EV depreciation problem, writes @davidfickling. The firm's loss will be their gain https://t.co/6O1PTHUGAy via @opinion
Hertz dumps EVs "Hertz will instead opt for gas-powered vehicles, it said on Thursday, citing higher expenses related to collision and damage for EVs" Mass realization that "approved" EV adaption timelines are bogus will shift sentiment on turbo maker $GTX https://t.co/9BHVQUhYW6
Consumers have a lot to learn from Hertz’s epic EV depreciation problem, writes @davidfickling. The firm's loss will be their gain https://t.co/KTE5a2K23d
Hertz Won’t Be The Only Company to Ditch EVs This Year https://t.co/mvUZSpwMZw
.@Hertz is the latest company to ditch EVs—20k, or a third of its EV fleet— due to lack of consumer interest and switch back to gas-powered cars. And it won’t be the last. The chilly reception to EV transition won’t thaw anytime soon. Me @townhallcom https://t.co/pVR3I6Aagp
Hertz selloff could be a good time to buy a cheap used EV https://t.co/mkBG1DSvgN
Hertz’s fire sale is good news for shoppers seeking an affordable EV, and bad news for virtually everyone else https://t.co/kAsennspY2
Rental car company Hertz plans to sell 20,000 of its electric vehicles and replace them with gas-powered vehicles. HIGH REPAIR COSTS + CUSTOMER COMPLAINTS have tanked EVs at Hertz. There's no such thing as a GREEN FREE LUNCH. https://t.co/YYAVfz6wTO