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The latest decision follows a one-third cut in Hertz's existing EV fleet as customers and consumers are not embracing EVs as much as expected.
https://www.autorentalnews.com/10215081/hertz-nixes-plans-to-buy-polestar-electric-vehicles
In another sign of EV hesitancy, a new survey shows only 1% of business travelers always rent them when using auto rental companies.
https://www.autorentalnews.com/10214797/barely-20-of-travelers-occasionally-rent-electric-vehicles
Electric vehicles may seem buggy and expensive now, but prices will inevitably come down as battery technology evolves and EV infrastructure becomes more...
https://www.autorentalnews.com/10214470/what-are-ev-charging-trends-for-fleet-and-automotive-sectors-in-2024
The industry's first EV-specific valuation algorithm includes proprietary analytics from 100 million real-world EV battery data points.
https://www.autorentalnews.com/10214217/black-book-recurrent-enhance-ev-values-with-deeper-battery-insights
In another high profile indicator of consumer EV skepticism, the auto rental giant will sell off the EVs to avoid further financial losses.
https://www.autorentalnews.com/10213563/hertz-to-replace-one-third-of-ev-fleet-with-ice-vehicles
EV inventory is stacking up on dealer lots as consumers spooked by high prices and sparse charging stations second-guess or resist buying them.
https://www.autorentalnews.com/10212416/plenty-of-electric-vehicles-available-for-sale
The recent Fleet Forward Conference presented updates to the fleet, used vehicle, and electric vehicle supply and demand.
https://www.autorentalnews.com/10211305/vehicle-markets-in-flux-how-are-fleets-doing
Analysis: Slowing EV adoption, an expensive UAW labor contract, and higher consumer interest rates will diminish the profits and gains of recent years.
https://www.autorentalnews.com/10211298/3-headwinds-that-will-batter-the-auto-industry
The latest numbers add up to a gutpunch for the resale values of used electric vehicles as the early adopter market for EVs taps out and mainstream vehicle...
https://www.autorentalnews.com/10211173/used-ev-prices-tank-as-demand-craters
A recent independent evaluation of fast-charging speeds by Edmunds counters different automakers' charging speed data. See what EV models offer the best...
https://www.autorentalnews.com/10210534/which-electric-vehicles-charge-the-fastest