Have you guys heard that Hertz is "dumping" Tesla cars? Hot ..
🕑 Added 2024-01-16 21:27:51 +0000 UTC
Have you guys heard that Hertz is "dumping" Tesla cars? Hot topic in EV circles.
In case you're too busy to listen or want to know what's going on but don't have time to hear it, here's a few key points from the video:
-Hertz aimed to be a pioneer in the electric vehicle (EV) rental market, making a bold move by entering into a deal with Tesla to purchase 100,000 cars.
-Hertz owns a significant share of the EV rental market, with 60% of all EV rentals in the United States. However, Hertz expected higher demand for EVs than what transpired.
-Despite initial excitement, Hertz faced challenges in renting out Teslas. Luxury cars were replaced by Teslas, leading to a decline in the luxury car rental market share.
-Customer complaints about the complexity of charging EVs and a decline in demand contributed to Teslas sitting unused in Hertz's inventory.
-To address the slow demand, Hertz partnered with Uber, allowing Uber drivers to rent Teslas from Hertz. Initially successful, the collaboration faced challenges when Hertz increased rental rates to cover maintenance costs.
-Hertz encountered difficulties in obtaining and replacing Tesla parts, leading to delays in vehicle repairs. This became a significant factor in Hertz's decision to walk away from Tesla.
-Despite Hertz owning 20% of all rental cars in the U.S., they announced they would not replace the 20,000 Teslas leaving their fleet with more Teslas or any other EVs. This decision raised questions about the perceived market demand for EVs.
https://www.youtube.com/watch?v=pgDx_JiCJEc&ab_channel=LuckyLopez
