If you’ve been wanting to try an electric vehicle, renting can be an affordable option.
Electric vehicles have been financially disastrous for rental companies, especially Hertz, which in January scaled back plans to acquire 100,000 Teslas after the cars’ resale values plunged much faster than the company had expected.
Hertz’s experience had a chilling effect on its industry, and many rental car companies are now trying to sell off electric vehicles at deep discounts.
Last year, more than 4 percent of the cars sold by manufacturers to rental companies were electric, according to S&P Global Mobility.
So far this year, that number is just 1.4 percent.
Persons:
you’ve, Hertz
Organizations:
P Global Mobility