Electric Vehicles

Hertz To Sell Off Even More EVs As Depreciation Losses Mount


Hertz To Sell Off Even More EVs As Depreciation Losses Mount

by AccomplishedCheck895

7 Comments

  1. SexyDraenei

    because they did a shit job of the rollout.

  2. Rampage_Rick

    Great, how long before the Silverado EVs end up on the block?

  3. Rental companies never figured out how to recharge the cars. Expecting 70-80% refill after a rental is just utter brainless take 

  4. pholling

    I don’t think it’s purely depreciation, unless they think it will get much worse this year. Likely also has to do with the expectation that they won’t be able to charge as much for rentals as they were expecting.

  5. KobaWhyBukharin

    It was so weird renting a Tesla, and no one walking me through anything. 

  6. I can see other things not working out, but I don’t understand how the depreciation came as a surprise. The price of *new* EV’s is decreasing constantly, so obviously early adopters take a hit just like with anything else.

    Maybe it happened faster than predicted, but was their prediction really so off that it ruined everything for them? And why sell them at that point, rather than just keeping them? Must be all the other stuff instead.

  7. Felarhin

    They bought a bunch of Suburu Solterras. Whoops.

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