Ego, Greed, & The Hertz EV Debacle
The saga of how the EV rental experiment at Hertz went off the rails is not about the failings of electric cars, but the failings of humans.
The saga of how the EV rental experiment at Hertz went off the rails is not about the failings of electric cars, but the failings of humans.
Why are so many rental car companies sending their EV customers out on the road without any dedicated instruction? It seems to be a really quick way to take a hit on a rental company’s reputation.
Share EV is an electrical vehicle rental company started shortly after the popular Tesla Model 3 was introduced to the Australian landscape. Originally it was a small endeavour to encourage EV adoption by allowing potential EV owners to “try before they buy.” Three years later, its growing fleet has driven … [continued]
The story of Hertz planning to buy 100,000 Teslas is one of the standout electric car stories of the past few years. It was even a notable one in the context of Tesla’s meteoric stock rise, as the stock [NASDAQ:TSLA] surpassed a market cap of $1 trillion for the first … [continued]
A milestone in the electric vehicle revolution, toward the end of 2021, Hertz announced it was ordering 100,000 Teslas. That took true leadership from Hertz, and it’s something EV enthusiasts were long waiting to see happen (generally speaking). Aside from the fact that electric vehicles are cheaper to operate (and … [continued]
Hertz is well on its way to electrifying its rental car fleet, which it expects to be 50% electric cars within a few years.
Hertz is throwing its weight around again, this time towards Polestar.
Hertz has started installing EV chargers for some of its first Tesla Model 3 rentals, Drive Tesla Canada reports. Hertz is preparing for the rise in customers choosing an EV over an ICE vehicle and is installing EV chargers at some of their rental lots. One such lot is at … [continued]
By Jim Ringold My knowledge of the rental car business is slight. I have observed the car rental business streamline while it tries to be both profitable and competitive. But a new page has been turned, maybe a whole new book. Please allow me to position my thinking on renting … [continued]
You may recall that Hertz went into bankrutpcy proceedings in mid-2020 due to the COVID pandemic and the resulting drop in economic activity. A few months ago, it re-emerged. Now, things are getting very lively. Hertz has ordered 100,000 Teslas, while also paying 7-time Super Bowl champ Tom Brady some … [continued]