collision repairs seems correct, i was thinking more about maintenance repairs in my previous comment.

“Hertz will instead opt for gas-powered vehicles, it said on Thursday, citing higher expenses related to collision and damage for EVs even though it had aimed to convert 25% of its fleet to electric by 2024 end.”

Source: https://www.reuters.com/business/autos-transportation/hertz-sell-about-20000-evs-us-fleet-2024-01-11/

Also once the battery dies it’s almost what $20k to get a replacement. 

BlokchainB

repairs are typically far less expensive for EVs, i’m skeptical of that statement.

perhaps the lifetime mileage of the cars came in lower than expected, causing them to cycle through new EVs, but the entire front half of these cars are empty.

all the things that would normally need regular repair like oil changes and brake pads either need no repair at all or need to be repaired 10x less frequently in an EV.

i believe in California, the Tesla Model Y was the best selling car in the entire state, despite being nearly 2x the cost of the gas runner-ups.

econ

Did We See Peak Davos?

TomK

But I thought hertz and another rental company were dumping a lot of their EV fleet due expensive repair bills. Plus record sales against EVs but what about compared to gas powered vehicles? Are they doing Toyota numbers yet?