{"id":2146961,"date":"2024-01-11T19:11:02","date_gmt":"2024-01-12T00:11:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hertz-dumping-tens-of-thousands-of-electric-vehicles-replacing-them-with-gas-vehicles\/"},"modified":"2024-01-11T19:13:57","modified_gmt":"2024-01-12T00:13:57","slug":"hertz-dumping-tens-of-thousands-of-electric-vehicles-replacing-them-with-gas-vehicles","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hertz-dumping-tens-of-thousands-of-electric-vehicles-replacing-them-with-gas-vehicles\/","title":{"rendered":"Hertz swaps electric cars for gas ones, discards thousands"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhertz-dumping-tens-of-thousands-of-electric-vehicles-replacing-them-with-gas-vehicles%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2146961&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Hertz Dumps Electric\u200d Vehicles Due to\u2064 Low Demand and \u200cHigh Repair Costs<\/h2>\n<p>Hertz, one\u200b of \u2064the largest <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/reports-rental-car-prices-see-hefty-hike-ahead-of-thanksgiving\/\" title=\"Reports: Rental Car Prices See Hefty Hike Ahead of Thanksgiving\">rental car companies<\/a> in the \u2064U.S., \u2064is making\u2062 a surprising move by getting rid of tens of thousands of electric vehicles from\u200c its fleet. The\u200c company \u2064cites low demand and the burden of\u2063 high repair\u2062 costs \u2062as the main \u2064reasons behind this decision.<\/p>\n<blockquote>\n<p>\u201cThe \u2062dramatic about-face, \u200cafter Hertz \u2062announced plans \u200din 2021 to buy 100,000\u2064 Tesla Inc. vehicles, \u200bunderscores the \u200bwaning \u200bdemand for all-electric cars in the \u200bUS,\u201d Bloomberg News reported. \u201cEV sales \u200dgrowth\u200b slowed sharply over \u200dthe \u2062course of 2023, rising just 1.3% in the\u200d final quarter as consumers were put off by high costs and interest rates.\u201d<\/p>\n<\/blockquote>\n<p>It \u2062seems that U.S. consumers have serious concerns \u2062about \u2064the electric\u2062 vehicle market. These concerns range \u200cfrom\u2062 the expensive price \u2062tags of \u2062the vehicles to the lack of \u200ccharging stations across the\u200d country. Additionally, \u2063electric\u200b vehicles have shown significant \u200breductions\u2063 in their driving\u200b range during \u200bextreme weather conditions, be \u2064it extreme cold or heat.<\/p>\n<blockquote>\n<p>\u201cThe elevated costs associated with EVs persisted,\u201d Hertz Chief Executive Officer Stephen Scherr said. \u201cEfforts\u200c to wrestle\u2064 it down proved to be more\u2062 challenging.\u201d<\/p>\n<\/blockquote>\n<p>In an attempt to better balance the supply and expected demand of electric vehicles, Hertz hopes that selling off\u200b over\u2062 20,000 electric vehicles will be a step in the right direction.\u200d The company expressed this intention in a regulatory \u200bfiling.<\/p>\n<p>Analysts from Morgan \u200dStanley\u200d have warned the\u200c entire auto industry about the\u200c reality of the electric vehicle \u2064market. They believe that the popularity of electric\u2062 vehicles is not as high as\u2062 expected, and growth expectations\u2062 need to be significantly\u2063 reduced.<\/p>\n<p>This news follows a letter\u200d sent by nearly 4,000 auto dealers across the U.S. to President Joe Biden, expressing\u200c their skepticism about his goal of \u2063making two out of every three \u2063new cars sold by 2032 electric. \u2062The dealerships stated that the demand for \u200delectric vehicles \u200dis not \u200dkeeping up with the influx of battery electric vehicles arriving \u2064at their lots, despite price cuts, incentives, and government\u200c support.<\/p>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1700760801843000&#038;usg=AOvVaw2PQrVSrJfhxNb4LcARqniG\">CLICK HERE TO \u2064GET THE \u2063DAILYWIRE+ APP<\/a><\/b><\/p>\n<p>\u201cMr. \u200dPresident, no government agency, no think\u200d tank, and no \u2064polling firm knows\u200d more about the\u2063 automobile customer than us,\u201d\u200b the letter continued.\u200c \u201cSome customers are in the market for electric vehicles, and we are thrilled to sell them. But \u2063the\u200d majority of customers are\u200b simply \u200bnot ready to\u200d make the\u2062 change.\u201d<\/p>\n<p> <\/p>\n<h2> What role do the high repair costs associated \u2064with\u200c electric vehicles play in companies like Hertz deciding to eliminate them from \u2062their \u2063fleet, and \u2064how does this\u2064 impact the overall\u2063 outlook for the electric vehicle\u2063 industry<\/h2>\n<p><span>  \u2064Ng \u2064infrastructure. While electric \u200dvehicles have been promoted as a solution to combat climate change and reduce emissions,\u2063 it appears that the reality on the ground is not \u2063aligning with these expectations.<\/p>\n<p>One of the major hurdles for consumers is the high cost associated with electric \u200cvehicles. Despite advancements in\u200c technology \u200band economies of \u2064scale, electric vehicles still \u2063come with\u200b a hefty price tag. This poses a challenge for many consumers who cannot afford to pay\u200d the\u200d premium price for an electric vehicle compared\u200b to a\u200d <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pete-buttigieg-cars-are-going-electric-with-or-without-us\/\" title=\"Pete Buttigieg: Electric cars are inevitable.\">traditional gasoline-powered car<\/a>. The initial investment and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/why-converting-hotels-into-homeless-housing-doesnt-usually-work\/\" title=\"Why Converting Hotels Into Homeless Housing Doesn\u2019t Usually Work\">ongoing maintenance costs<\/a> are a deterrent for potential buyers.<\/p>\n<p>Another issue that affects the demand \u200bfor electric vehicles is the lack of charging\u2064 infrastructure. Electric vehicles require access to charging stations to recharge their batteries, and unfortunately, the infrastructure in the U.S. is not yet widespread or \u2063convenient enough. This creates \u2062range anxiety\u2062 among consumers, as they fear \u2063running out of power while \u200don the road and not being \u2062able\u200c to find a charging station nearby. Until the\u2064 charging infrastructure is significantly improved and easily accessible, \u2064the\u2063 adoption of electric vehicles will continue to face \u2062hurdles.<\/p>\n<p>The high repair costs associated with electric vehicles also \u2064play a \u200bsignificant \u200drole in Hertz&#8217;s decision to dump them from its fleet. While electric vehicles\u2062 are known for their lower maintenance requirements compared \u200bto <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jules-this-is-brian-a-visit-to-new-york-citys-9-11-museum\/\" title=\"\u2018Jules, This is Brian\u2019: A Visit to New York City\u2019s 9\/11 Museum\">gasoline-powered cars<\/a>, repairs can be \u200bquite expensive. The specialized components and technology in electric vehicles often require specialized training and equipment to repair, driving up the costs. Rental car companies\u200c like Hertz face the challenge of maintaining \u2062their \u2063vehicles \u200bat a reasonable cost, and the high repair costs associated with electric vehicles add an additional \u2062burden.<\/p>\n<p>Interestingly, Hertz&#8217;s decision to get rid of its electric vehicles comes after \u200bannouncing plans to purchase \u2064a significant number of \u2063Tesla vehicles. This demonstrates the volatility and uncertainty in the \u2063electric vehicle market. Companies and consumers alike are trying to navigate the evolving landscape, with various factors influencing their decisions.<\/p>\n<p>The low demand for electric vehicles and \u2064the high repair costs present a challenging outlook for the electric vehicle industry. It highlights the need for further investment in infrastructure and \u200dtechnology to address the concerns of consumers. The government, private \u200dsector, and automakers must work together to make electric vehicles more affordable, improve charging infrastructure, and reduce repair costs to boost consumer confidence and demand.<\/p>\n<p>In conclusion, Hertz&#8217;s decision to eliminate electric vehicles from \u2063its fleet due to low \u200ddemand and high repair costs sheds light on the challenges facing\u200b the electric vehicle industry in the U.S. The expensive price tags,\u2063 lack of charging infrastructure, and high repair costs are factors contributing to the \u200cwaning\u2063 demand for electric vehicles. To \u200dovercome these challenges and promote mass adoption of electric vehicles, significant investments and collaborative efforts are required. Only then can the electric \u200dvehicle industry truly realize its potential in combating climate change and reducing emissions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hertz, a major US rental car company, is getting rid of many electric vehicles due to low demand and expensive repairs. This surprising change comes after Hertz had previously announced intentions to purchase 100,000 Tesla cars in 2021, highlighting the declining interest in electric vehicles in the US. (55 words)<\/p>\n","protected":false},"author":102,"featured_media":2146962,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2146961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2146961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2146961"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2146961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2146962"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2146961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2146961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2146961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}