Their CEO did an interview yesterday where he basically said they’d gone a bit too fast on early EV adoption but nothing had changed on the 2030 targets.
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Hertz in the US discontinueing Tesla's from Fleet
- Thread starter Whyone
- Start date
A rental EV target in 6 years time does not require action for 4 years, a good case can be made that many of the issues will be fixed by others within that time, so no point doing it now if they only care about 6 years time.
The same CEO probably made the 25% EV target by the end of 2024, which has now been abandoned. It’s impossible to say the 2030 target is guaranteed, and given that EV adoption seems to be slowing I’m very sceptical it will happen. Only time will tell.
Jason71
Well-Known Member
It is traditional that large Fleets get huge discounts on their cars from the manufacture. Supposedly they were not able to secure any discounts from Tesla. That alone is going to have been a problem for their residuals even before the price cutting started.
SalisburySam
Active Member
Thanks for the chuckle this morning, and completely agree. Sorry though to learn of your throat issues…perhaps an expectorant could help?
Jason71
Well-Known Member
Pretty sure your average renter is likely to be using public charging so the reality is they will probably pay more for fuel than in ICE.
I love my EV's but I have to say when I go on holiday I have no particular desire to rent an EV at present. because figuring out the EV charging maze in another country is something I can do without while on holiday.
WannabeOwner
Well-Known Member
When I go to then continent I take my EV with me ... and figure out the charging maze in another country ... I hadn't thought about it before, but I don't think renting an EV would be much different (but I do think that "some countries" might not be suitable ... but nor would they for me to take my EV with me
)Remember many people who had never driven a EV got given rental EVs without actively choose to rent them.
Rented my first Tesla a few years ago on the Continent. Supercharging was included... (i.e: not billed back by the rental company, but free). Easy to just follow the satnav, not having to fumble with rfid cards at broken charge points, etc... Especially for people with zero prior EV experience.
So yes, the daily rate was more expensive than a Vauxhall Corsa, but, hey, it was a Model 3, and I had zero extra costs (besides tolls) on a 500 mile journey for a week. And once I arrived at my holiday rental, I plugged in into a 3-pin overnight... Great feeling not having to pay a penny for fuel.
Sadly that startup rental company just went bankrupt this week... (but I'm guessing that's more to do with the residual values plummeting than offering customers free SC)
So yes, the daily rate was more expensive than a Vauxhall Corsa, but, hey, it was a Model 3, and I had zero extra costs (besides tolls) on a 500 mile journey for a week. And once I arrived at my holiday rental, I plugged in into a 3-pin overnight... Great feeling not having to pay a penny for fuel.
Sadly that startup rental company just went bankrupt this week...
(but I'm guessing that's more to do with the residual values plummeting than offering customers free SC)
Jason71
Well-Known Member
Last place I rented a car was Florida so in an EV not only would I have had to navigate charging but I would have had to worry about someone opening fire on me for being too woke.When I go to then continent I take my EV with me ... and figure out the charging maze in another country ... I hadn't thought about it before, but I don't think renting an EV would be much different (but I do think that "some countries" might not be suitable ... but nor would they for me to take my EV with me
WannabeOwner
Well-Known Member
HankE-LA
Member
Took a look at the Hertz used vehicle site. 104 vehicles listed as available from any distance. Not impressed. Cheapest MYLR is a 2022 with 79,819 miles for $33,555. Meanwhile cheapest MYLR from inventory is $44,090. Subtract the $7,500 incentive and it comes to $36,590.
Adjusted the price range in the Hertz site to $36,590 low and $90,000 high. 86 vehicles listed. Literally selling two year old cars with 50,000 miles for more than you can get one from inventory. No thanks.
Hertz went all in on Tesla — and is paying the price
Hertz stock recovered in midday trade following an early slide as the company reported a wider-than-expected fourth quarter loss due to its exposure to EVs, in particular its large Tesla fleet.
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