So shocking...

[Graham Wellington]

https://www.freep.com/story/money/cars/ ... 187293007/

[kager]

Saw this story yesterday... Hertz selling 20K EVs (about a 3rd of global total) to be replaced by ICE cars due to customer preferences, & high repair costs.

I should say Hertz is going to TRY to sell those EVs. Resale values of most EVs globally are dismal, when they can find a buyer at all.

[Deleted User 15924]

Low demand does kind of make sense for a rental car.
Either you're a businessperson and time is money, who don't want to twiddle their thumbs waiting on a charge.
Or you're renting it for a long trip. Same thing. Who wants to be parked waiting on a charge during a multi-state cruise?

[Rate This]

Low demand does kind of make sense for a rental car.
Either you're a businessperson and time is money, who don't want to twiddle their thumbs waiting on a charge.
Or you're renting it for a long trip. Same thing. Who wants to be parked waiting on a charge during a multi-state cruise?

Sooner or later grabbing lunch and sitting down somewhere will be paired with charging as a normal practice. What's old is new...

[Deleted User 15924]

Low demand does kind of make sense for a rental car.
Either you're a businessperson and time is money, who don't want to twiddle their thumbs waiting on a charge.
Or you're renting it for a long trip. Same thing. Who wants to be parked waiting on a charge during a multi-state cruise?

Sooner or later grabbing lunch and sitting down somewhere will be paired with charging as a normal practice. What's old is new...

That very well may be. But not for folks renting cars right now.
By that time, the EV's Hertz is selling will be in the Woodward Dream Cruise.

[MotorCityRadioFreak]

Hertz is a garbage company anyways.

[km1125]

When Hertz bought these cars, did they qualify for the $7500 (and other) tax credits?

I wonder how they're calculating the ~$250MM hit... is it $12K hit per vehicle? (for vehicles that are only a couple years old?)

[TC Talks]

When Hertz bought these cars, did they qualify for the $7500 (and other) tax credits?

I wonder how they're calculating the ~$250MM hit... is it $12K hit per vehicle? (for vehicles that are only a couple years old?)

Shocking! Corporate Welfare...

How do you feel about this reality:

Despite repeated government pledges to cut back on fossil fuel subsidies, a new report found such subsidies surged to a record $1.3 trillion last year.

The report by the International Monetary Fund (IMF) looked at both explicit and implicit subsidies for fossil fuels across 170 countries. It found explicit subsidies alone have more than doubled since the previous IMF assessment, rising from $500 billion in 2020 to $1.3 trillion in 2022.