By Jo Nova

Hertz was aiming to make 25% of its fleet electric by 2024, but is finding 11% is too much. Given there are whole nations pushing for 100% EV by 2035 there seems to be a message here…

Let’s thank Hertz for doing that experiment for us. It turns out EV’s didn’t work well in the high mileage Uber-type system because the drivers “drove them into the ground” and repair costs were much higher than expected. So Hertz moved some EV’s to the leisure hire department, but then the revenue per day in the leisure sector fell. Presumably people didn’t want to hire them.

It’s not that this is Bad News week for EVs — it’s quarterly reporting week, so companies have to tell investors things they’d rather not.

Great nations don’t force citizens to buy heavier cars with shorter ranges and bigger repair bills in order to stop bad weather one hundred years from now.

Hertz rolls back aggressive electric car plans

Car Expert

Hertz is slowing down the roll out of EVs onto its fleets as the CEO cites higher than expected repair […]