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Hertz to sell 20k EVs in shift back to gas-powered cars

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Re: Hertz to sell 20k EVs in shift back to gas-powered cars

#161

Earlier quoted context omitted.

IME rental car agreements prohibit taking them "off road" which might include tracks. No idea about US (EDIT not Japan) specifically.

> Japan Nitpick: unless I just popped into an alternate timeline, Kauai is American [1]. [1] https://en.wikipedia.org/wiki/Kauai

Eh, my revisionist ideology mixed with late week tiredness... Caught red handed.

Re: Hertz to sell 20k EVs in shift back to gas-powered cars

#162

This is not really surprising due to the business model Hertz was going after. They expect their used vehicles to have better resale values than what they currently have... which is a bunch of Tesla's bought at more or less the peak of pricing and now to be sold when prices have come down to sanity. They rode the market and lost. Also they got a LOT of EV's, I give them props for doing so... but rental cars should be…

> Also they got a LOT of EV's, I give them props for doing so... Why give them props? It sounds like an obvious waste of their money and resources, one that could easily have been foreseen and calculated. How can a company that specialises in cars like they do, make such an obvious error, like buying 20k EV cars? They are not consumers making lifestyle decisions, they are meant to be running a business!

> Why give them props?

Because they were trying to be forward-thinking and do the right thing, environmentally speaking.

> they are meant to be running a business!

By this logic we should still be using coal for all power or maybe crude oil. And kids should still be working in factories. Not everything is just about running a business. You can be a successful business and still make good choices for the world.

Re: Hertz to sell 20k EVs in shift back to gas-powered cars

#163
post #137

I rented a Tesla from Hertz once in Houston and the whole experience was terrible. Got to the counter and the agent first suggested that I take a gas car for $25/day. I was confused because that was so cheap, although the Tesla was already heavily discounted. Apparently, this was $25/day above what I had paid for the model 3 and it was for a compact economy car. I stuck with the Tesla. The agent warned me that repair…

I am not a huge tesla fan but to expect that car rental employees will babysit every customer and show them all the cars in detail is... unrealistic.

I was once spending maybe an hour to figure out how to start and move a rental mercedes after picking it up, and next to me was some german guy in exactly same situation with same model. Eventually we managed to figure it out with phones.

Re: Hertz to sell 20k EVs in shift back to gas-powered cars

#164

I have had an EV since 2018, love it to death, but would absolutley never rent one. The biggest pain point with EVs imo is charging infrastructure. My personal car, I can charge at home so it becomes a non-issue. But if I'm traveling to a new city that I'm not super familiar with, I do not have any desire to plot out where charging stations are, is the hotel going to have charging, is it going to be operational, etc.…

I've rented out a couple of cars on Turo, one an efficient 4-cylinder gas car, the other an EV. The EV renters seemed to have a realistic expectation of what to expect in terms of charging (I also included a level 1 charger for those with access to a plug).

Re: Hertz to sell 20k EVs in shift back to gas-powered cars

#165
post #82

The years of these vehicles (2021) is about the same as all the other vehicles they're selling (though there are some older ones which I suspect might be trade ins?). The only thing really of note is that they're not buying more of them, selling off cars that are 2 years (or about 30k miles) or so old is standard rental car policy. Sell it whilst they can recover much of the capital outlay.

This is exactly the point. This is really a non-reup on Tesla as a rental fleet option. It’s important to note that they have been renting half this fleet to Uber drivers at approximately 1/2 their consumer rental rate, according to TheVerge: > Hertz is scaling back its EV ambitions because its Teslas keep getting damaged / Also, Uber drivers, who are using about half of Hertz’s Teslas, are damaging their cars more t…

It's a cascade of issues, but it really comes down to "people didn't want EVs when offered". For want of renters, the Uber was used. For want of Uber gentleness, the repairs mounted, etc.

I honestly can't fault them, they tried a thing and they ran into real issues.

I suspect that Tesla themselves could manage a (smaller) rental EV fleet for those who wanted them, and do decently well (they could rent out used cars they've prepped for sale).

Re: Hertz to sell 20k EVs in shift back to gas-powered cars

#166
post #145

Earlier quoted context omitted.

Are other brand EVs selling at high prices? Or are they sitting on lots at high prices?

For a resale impact it doesn't matter much if the price is low or high, it matters if the price drops.

> a resale impact it doesn't matter much if the price is low or high

If you're actually trying to sell them, it does. If you're marking your assets on a balance sheet, the "price" matters more than the price.

Re: Hertz to sell 20k EVs in shift back to gas-powered cars

#167

I have had an EV since 2018, love it to death, but would absolutley never rent one. The biggest pain point with EVs imo is charging infrastructure. My personal car, I can charge at home so it becomes a non-issue. But if I'm traveling to a new city that I'm not super familiar with, I do not have any desire to plot out where charging stations are, is the hotel going to have charging, is it going to be operational, etc.…

I charge my Tesla at home and I love it. But I visited family over christmas and driving around in their Rivian I was reminded how absolutely shit non-tesla charging still is. I'm not at all surprised EV sales are dropping when charging is as awful as it is.

I have a non-Tesla EV (Kia EV6). I'm pretty sure I wouldn't have gotten it if I didn't charge at home. (We've done a couple of long trips in it, including cross-country, but I had lower expectations of what the experience would be like)

Re: Hertz to sell 20k EVs in shift back to gas-powered cars

#168
post #98

Earlier quoted context omitted.

that's not how physics work

It can work if the other car took more of the damage than it would have compared to a collision with a "squishier" car. Would be interested to see a Cybertruck vs Cybertruck crash.

> Cybertruck vs Cybertruck crash

An unstoppable force hitting an immovable object.

Re: Hertz to sell 20k EVs in shift back to gas-powered cars

#169
post #153
post #119

Earlier quoted context omitted.

But I was told EV's would be much more reliable and cheaper to repair?

It generally is, but that could be the difference between owning one and running a fleet. They are low maintenance and rarely require repairs, but when they do, they can be awfully costly. That could result in a low median cost but higher mean cost. Owning 20k means you are going to have to deal with that average, but an individual owner probably lucks out with the median cost.

Can confirm. For a fleet owner, cost to repair vehicle is generally modeled as an [1] exponentially distributed rv, which has a positive skew, so [2] mean > median.

[1] https://math.stackexchange.com/questions/187618/finding-comb...

[2] https://i.stack.imgur.com/2w6it.png

Re: Hertz to sell 20k EVs in shift back to gas-powered cars

#170
post #59

"due to higher expenses due to collision damage" I wonder if that means insurance, frequency of collisions, average damage in a collision, or cost to repair disparity

Actually that's a good point. People that aren't used to electric cars maybe can't be trusted with the absurd acceleration.

Even my parents Leaf leaps like a fish when you start it, I can only imagine how many people get into fender benders when driving a Tesla for the first time without really having a chance to get used to the feel.

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