The Briefing Room
General Category => Economy/Business => Topic started by: Elderberry on March 21, 2024, 02:17:29 pm
-
Blaze Media by Candace Hathaway 3/18/2024
Hertz Global Holdings Inc. announced that its chief executive officer, Stephen Scherr, will step down from his position at the end of the month, according to a Friday press release.
Earlier this year, the rental car company moved to trim its electric vehicle inventory despite previously setting targets to transition 25% of its fleet to EVs by the end of 2024. Citing costly repairs, Hertz stated that it would sell 20,000 vehicles, or roughly one-third of its global EV fleet, and reinvest the funds in gas-powered alternatives.
The company agreed to purchase 100,000 Teslas by the end of 2022 and 65,000 Polestar vehicles over the next several years. Hertz has since re-evaluated its EV investments.
In January, Hertz's used car website listed more than 700 EVs for sale, including Tesla Model 3 and Model Y vehicles, BMW's i3, and Chevrolet's Bolt. The firm aims to have all of the cars sold by 2025.
More: https://www.theblaze.com/news/hertz-ceo-steps-down-following-costly-failed-ev-push (https://www.theblaze.com/news/hertz-ceo-steps-down-following-costly-failed-ev-push)
-
If you're renting a car, especially at an airport, you need a vehicle that is not tethered to an imaginary network of charging stations.
Electric vehicles make more sense for local owner use, local delivery use, and other repeatable short-distance travel.
After I caught Covid-19/SARS2 on a cruise in June 2023, my wife and I couldn't fly home. We had to rent a car in Ft. Lauderdale and drive up I-95 for 4 days to get back to Boston. We wouldn't have been able to make that trip in an Electric Vehicle.
Electric Vehicles have a place, but they are NOT a replacement for all internal combustion engine vehicles.