- cross-posted to:
- technology@lemmit.online
- cross-posted to:
- technology@lemmit.online
Hertz Is Selling 20,000 Used EVs Due To High Repair Costs::undefined
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Apparently it’s related to “expenses related to collision and damage” and they’ve had to put speed and torque limitations on the fleet cars.
Telsas and Polestars are not slow cars, and it sounds like renters are driving them aggressively. I wouldn’t be surprised if torque and speed are also the reason why Tesla is #1 with recent car accidents stats.
Telsas and Polestars are not slow cars, and it sounds like renters are driving them aggressively.
Driving a rental car - any rental car - more aggressively than your own car has been pretty typical behaviour since the beginning of rental cars.
Exactly. Only now they’re twice as fast and require you to play a video game to turn the air vents.
I mean, technically you’re not supposed to be fiddling with neither radio, AC or other crap on any car, touch or not, when you’re driving. All of that should be set before you start driving anywhere. If you follow the law to the letter, the only thing you should operate while driving, is what can be done from the steering wheel controls and voice control.
Of course that’s now how most people actually drive their cars…
I have never in my life heard this before. What if the window fogs up and you have to turn the defrost on?
You should have anticipated this and directed airflow to the windshield before you start driving.
I have also never experienced spontaneous fogging of the windshield while I’m driving, and I live in Scandinavian weather which is both humid and cold. It’s always there when I enter the car. The AC dehumidifies the cabin air while driving so it really shouldn’t be fogging the windshield out of the blue while you’re driving.
But besides that, steering wheel control or voice control cab enable/disable this in many cars these days.
Yeah, last time I’ve rented a car I wanted an electric but my insurance would not cover me for a Tesla.
They are in the sport car category.
Pretty sure they are #1 due to their touchscreen focus. Its incredibly hard to operate a Tesla safely.
It hertz just reading this.
It’s a National tragedy.
They really should have the repair costs in their Budget.
That would make a more fiscally agile Enterprise anyway
Vis-AVIS these puns… I think yall took the good puns already.
Yeah, that’s the best I got.
Amazingly, this is the Sixt pun!
If I had a Dollar…
I appreciate that this article isn’t going for the “electric cars are bad see even hertz can’t make them work” angle, and instead has more of a “someone left a chair on the curb if you have any interest” vibe
It’s all Tesla and I do not want to be associated in any way with that whiny little bitchbaby Musk. Hard pass.
Some of the used EVs are rather affordable—the cheapest Model 3 is just $20,125. A long-range Model Y will cost a fair bit more than that, although even here, the most expensive one for sale by Hertz is just $38,116. As a reminder, there is now a tax credit of up to $4,000 available when buying a used EV that costs less than $25,000, assuming one meets the income caps.
But they are all ex-rental cars, and that means most of these cars have had relatively hard lives and now have plenty of miles on them—the cheaper Model 3s are all closing in on 100,000 miles. Not all of them, though—in New Orleans, there’s a Kia EV6 up for sale with just under 5,000 miles.
Who is going to pay upwards of $20,000 for a car with nearly 100,000 miles on it?
Sadly, the used car market is high all the way across. Finding deceng vehicles under 20k with less than 100k miles would be tough.
Ya think they would get some sort of a deal (federal or business) when it comes to repairing a fleet of EVs.
This is the best summary I could come up with:
After announcing big plans to purchase tens of thousands of EVs from Tesla and then Polestar, it’s now liquidating a third of that fleet, the company told investors.
After Hertz went bankrupt during the early days of the pandemic, its big EV ambitions began in 2021, when the company revealed it wanted more than 20 percent of its rental fleet to be electric by 2022.
By early 2023, it was still far short of the ambitious goal, in large part due to Tesla’s inability to actually fill that order in time, and EVs still represent just 11 percent of the total Hertz rental fleet.
But it may not actually be that upset at falling short—it turns out that the electric rental cars haven’t been the panacea it needed.
At the end of Q3 2023, Hertz told investors that significant price cutting during the year had “resulted in lower EV residual values, increasing vehicle depreciation expense and negatively impacting salvage cost.”
As a reminder, there is now a tax credit of up to $4,000 available when buying a used EV that costs less than $25,000, assuming one meets the income caps.
The original article contains 469 words, the summary contains 190 words. Saved 59%. I’m a bot and I’m open source!
