Hertz Will Sell 20,000 Electric Cars From Its Fleet
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- Опубліковано 3 лип 2024
- Hertz Global Holdings has started selling electric cars from its US fleet and will reinvest in gas-powered cars. The rental giant says it wants to off load 20,000 vehicles. Hertz said in 2021 that it was buying 100,000 Tesla vehicles. Bloomberg's Craig Trudell reports.
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It’s not about the cost of buying or maintaining the Teslas. No one wants to rent one and spend their leisure or business time at a charger.
What Elon should be doing is focusing on fusion battery technology for vehicles, not wasting money on worthless social media companies.
You also have to download an app. in order to use a charger.
@@claudenewton8932ha ha ha - oh the humanity. Downloading an app,
Exactly. We rented one in a popular Southwest destination. Only 2 charging stations in town so we spent battery life getting to them and way too much time charging. Oh, and without a roof shade to block the sun, the leather seats became a crucible. Your rental car should never bring stress to your vacation. Hybrids are the way to go.
what popular southwest destination only has 2 charging station? If It only has 2 charging stations thats nowhere near popular @@scottchambers2814
I just looked at the Hertz website. The lowest price Model 3 is $20,125 with 93,000 miles. Wouldn’t Hertz be getting rid of them at that mileage anyway.
Yep
Nope.
Don't forget the $4500 federal tax credit on used Model 3's. The Hertz offload is just beginning. Can't wait to get my hands on a 2022 used model 3 for only $12-16k after tax credit with the lithium battery instead of the previous years with the nickel cobalt.
@@seanl764 So you’re saying the $4,500 tax credit would apply to the used Hertz fleet? That’s a deal. Any thoughts on buying used rental cars?
@@MM-sf3rl IDK, it's probably a bad idea. But I am eyeing a used mitsubishi outlander PHEV for $8k after the tax credit.
Good luck to all Tesla 3 owners trying to sell...
Tesla owners: you’ve been Musked
Now that the batteries, need replaced. & cost more' than the car. Plus they have no warranty.
i believe the tesla m3 battery is warranty is 120miles or 8yrs
Yawn. This ignorance again.
This should help bring used car prices down lol
"Would you like to upgrade to a Tesla today?"
Thousands of customers monthly say "no"
If I can get a fusion battery for it, then yes, I would like an upgrade....🔋
@@zanzikar7 Sure - and maybe add a flux capacitor too!
When I was faced with this in Scotland, I was told there was no choice. It was a Tesla upgrade or cancel the booking. Ruined the holiday.
I can hear the over-valuation on Tesla stock getting sucked out…. It’s like a balloon popping…
Whatever the governments and manufacturers do, I'll never buy an EV.
I told Hertz no way when they tried to make my ride a Tesla Model 3. They said EV's were all they had left. I told them it wasn't safe to go on a150-mile drive to my destination not knowing where chargers were, weather conditions, elevation changes. They finally produced a gas car. It is absolutely not right to do not let a renter know they would be getting an EV.
I guess the price of second hand EVs will be dropping even further……. 😂
they'll be collector's items like beany babies...
EV’s already have the worst resale of any segment now
Something’s not adding up with Craigs assessment of price. Most Model 3’s on Cargus for a 2021 is $32K - $34K. That’s a pretty broad brush to conclude Tesla’s value of new or used is in the pits because Hertz is unloading their Tesla’s.
Until the infrastructure and charging times improve significantly, there is no point to rent an EV.
If Hertz gets as much as two cents on the dollar they paid for those things, it will be a miracle. Don't forget about the battery depletion and the fact that replacing the battery costs more than a new E V. Anybody that pays $ 16,000 for one of these obviously inherited everything they've got.
I know quite a few owners with 200K miles on their older Teslas and no noticeable loss of range.
I operate a Samsung S5 Active phone made in 2014 up to this day. I change the battery every two years. "The right to repair". Just like new phones, you cannot fix new cars yourself. In order to survive, I need lane departure sensors and rain sensing windshields. I am willing to pay 10-15g more for technologies that are absolute musts for my survival. Yeah right
That’s 16K with a tax credit. Otherwise Hertz selling a 60-90K high mileage Tesla Model 3 is no bargain. Hertz is going to have a hard time selling these cars, unless they sell them for 16K with no tax credit. You have to make 150K, single or 300K joint tax filing yearly income to get these cars at a cheap price.
Great business decision Hertz!
They were pressured by the Joe Biden administration to provide EV's to the people. This is why I don't vote democrat, their policies always fail in the end. Next thing the happen will be all the automobile jobs lost to China over Joe Biden's EV dictates. A Chinese EV company just surpassed Tesla as the EV leader of the world. If people want China to be the world's leader, they wont be happy with the results. People seem to forget that China is a communist country and communism is oppressive and destructive to humanity. Communism killed more people last century then any religion or monarchy has.
You’re right - what a dumb decision to put Tesla’s in the fleet. People do not want to rent them outside of maybe California.
This probably has more to do with the lack of charging infrastructure than anything else. I've wanted to rent a Hertz EV but the only times I have rented vehicles in the last few years have been in places where there is no charging infrastructure to speak of - the midwest and Mexico. Despite all the commercials, EVs weren't available and even if they were there's no place to charge.
Transportation in this country is messed up
Transport device where you need hours to refuel is NOT feasible. It’s idiotic. Not to mention these EVs actually produce MORE net carbon footprint than ICE counterparts before they reach 60000-70000 miles. This is the most absurd chapter in human transportation history. Remember, high charge Li Ion batteries are still banned on airline flights. Yet we put half a ton of them each in our cars. Absurd to the max.
After Hertz the FTX Super Bowl ads, is Tom Brady becoming the kiss of death for commercials?
Don’t want one. Thanks
Once Ev's are relatively easily repairable or the battery is able to be replaced by the average owner, only then will the used EV market hold their value better. But these first proprietary iterations of these cars were driven by corporate greed and need to make them unrepairable, forcing you to have to return to the dealer and pay exorbitant prices for mundane repairs. Car manufacturers, energy companies and big oil have the technology to simplify and standardize EV's, just as was done with ICE cars, they just haven't figured out how to charge you for electricity that is becoming increasingly cheap or can be gotten for free. Hence the reason for the over-complication of the design of these cars making them wildly expensive and proprietary to repair. It's a chit-show, don't buy them.
Ummm, it's not "corporate greed" pushing these EV's, but government dictates. Huge difference. See the problem with humanity is most think our problem is "corporate greed" or "big oil" but never is the problem "big government." If people stopped and looked at the big picture of their life, they would see that it's not the "big banks" causing their problems but "big government" that uses mandates and dictates to impose rules and regulations upon the people. Like taking away gas stoves, no proof they "destroy the planet", just some rich government bureaucrats making these rules for the pleabs to follow. It's why Donald Trump is so popular, he doesn't represent "big government", he represents the people.
@@zanzikar7 I beg to differ. In the past 8 years, government hasn't legislated much of anything due to the stalemate in congress. Legislating on our behalf is what we elect government to do. In the last 50 or so years, those we have elected have been systematically bought off by big money to serve corporate needs over the needs of the electorate. Meanwhile, many average folks have been hoodwinked by ingenuous media personalities (who are paid by big money) who's goal is to keep you distracted and pointing the finger at your neighbor, who while they may vote differently than you, are in the same predicament as yourself. While I can understand your cynicism, I do not understand your willingness to trust someone who embodies the very corrupt system in which you pretend to hate. Repeating the same mistakes of the past and expecting different results is madness.
@@zanzikar7 EV's are not going to become affordable or practical unless the electrical grid is nationalized. You can't mandate EV cars, yet throw everyone to the price gouging corporate wolves. Also, EV batteries need to be standardized to be easily replaced and compatible among a wide range of models. In other words, the batteries should be designed so they are plug-and-play, and yes the tech exists. The Federal government needs to provide real effective monetary incentives to owners of existing homes installing EV chargers, as well as mandating standardized EV charge port(s) be installed in all new structure(s). During this time of transition, insurance companies need to be forced to set up separate markets for EV coverage, so combustion vehicle owners aren't weathering the burden of EV owners' wildly expensive liabilities. Every EV manufacturer that sells a car or truck in the U.S. should be mandated to provide a detailed schematic of the internal workings of the vehicle for do-it-yourselfer's and independent mechanics. But none of this is going to happen folks, until people on the right-wing of our society rip themselves from their primitive hive mindset and start electing folks who want to solve problems.
EV's are not popular and government mandates of anything is unamerica. It should be left up to the free market, if the American people want EV's or Petrol based vehicles, then let the people choose. According to Hertz rentals, Americans prefer gas powered vehicles over their EV's. Hertz dumped all their EV's as they are losing money on them and went back to gas powered vehicles. Ford lost 1.4 billion dollars on unsold EV's. EV's also have no to very little resale value as well. Plus, what do you do with all the dead batteries that are ending up in landfills? When it all boils down, money is the end goal and if businesses are not making money on a product, then they need to sell a product that does make them money. Plus there is a host of problems with EVs from batteries spontaneously combusting to not starting in extreme cold. Also, the EV market is heavily subsidized by the tax payer, unlike the petrol based vehicles. I am not anti EV, I am pro free market, let the people choose what they want, not the government choosing for the people. Also, this is not a "right wing" issue, it is a free market issue. There are plenty of "left wingers" that are not fond of EV's either. And I am not sure what a "right wing" is. I do know what "left wing" means; socialism, fascism, communism, nazism, and marxism. I guess capitalism would be "right wing?"
@@Neimfeltrite
@@NeimfeltriteThis guy thinks left wing politicians tell him the truth LOL. They're the same team, one lies more than the other, nothing else. Don't forget your "human progress" is what caused this problem in the first place. Godless drug addicts for technology.
The problem is that EVs were appealing in the past because they were a better value in terms of long-term cost and maintenance, but the auto industry got greedy and now the value is gone with what they’re charging… not to mention how they’ve made even basic features subscription-based in their ongoing effort to nickel-and-dime consumers.
yeah right. :D
@@bogdar2019 I don't think you have a clue that they did make a ev car that needed very little maintenance other than tire rotation, An the auto maker realized that they were gonna screw themselves out of the maintenance business.
Selling a car that needs none at that at a one time price adds up quickly to there bottom line. That's why they took them all a crushed them.
There was never any value in EVs.
@@JensSchraeder EXACTLY. they are insanely expensive to make AND to maintain. the batteries alone cost between $5000 and $20,000 to replace WHEN they begin to degrade. what exactly is "appealing" to waiting hours upon hours on end to charge these things? this has nothing to do with "the auto industry getting greedy." it has everything to do with govt edicts, mandates and the fact that NO ONE wants these POS EV cars. there is literally no demand for them and this is why places like hertz are cutting bait. these whole EV push is coming from scummy politicians who want to increase their bank accounts by mandating something they conveniently are investing in.
@@JensSchraeder I’m sorry, but I disagree… it was a great value when Tesla was offering free super charging to its customers in addition to the fact that basic maintenance was super cheap and EVs (then) held their value for years after purchase. In addition, the price of gasoline was skyrocketing back then… $4+ per gallon in California… and so EVs were a great value then. You could buy an EV… drive it for 2 or 3 years… and then sell it used for close to the original price.
Where to start, the whole EV renting strategy, take the Tesla Model 3 for example - it's a RWD compact sedan, ok, so what percentage of Hertz (and all vehicle rentals) are in this compact RWD sedan segment, next it shocks me, just how many people don’t know how to charge an EV, not to mention there aren’t enough EV chargers, then, there’s paying for the charging and time it takes to charge, anyway, what did Hertz think would happen with the resale value of the EVs they rent, high miles on an EV battery in a short amount of time, can’t be good for the batteries of those rental EVs, not to mention, all those rental EVs are probably being DC fast (Level 3 or Supercharging) charging at a higher than normal rate, which affect the battery as well, do rental EVs make any sense or does rental EVs show the need for swappable batteries tech
Answer the question. How much is a new Tesla Model 3. $39,500 is the lowest price. The lowest price on Cargus for a 2017 is $19,990.00. And it has 175,000 miles. Who is Hertz selling these used Tesla’s to - an action house for $16,000? Something’s not adding up here. The Hertz website lowest price for a 2021 Model 3 is $20,125 with 93,000 miles.
In houston Hertz has the m3s listed in the mid $20s with 50-60k miles. not terrible
@@kurknielsenWith 20K you can buy a brand new Toyota corolla OTD why would you buy a 7 year old vehicle for the same price?
@@MM-kk8uh First off, i merely posted prices in response to OP.
secondly, a 2022 is not 7yrs old . and lastly, i’m interested in an EV of some sort as i only need a car for local errands and the idea of never having to gas up (or super charge) appeals to me as ill be plugged in at home.
@@kurknielsenthat's why I asked because you didn't specify the year but still you have to ask yourself 60,000 miles in 2 years is not normal, also that's 60,000 miles of wear and tear on all the components of the car and lastly why are you worried about not having to gas up a car if you're only running "local errands" you realize most new car manufacturers are mandated to have 30+ miles mpg soon? You could literally have an almost 400 mile range between fill ups so unless you live in the outback i still don't see how an EV fits anybody, I know what it is, you wanna feel good about yourself and how you're "saving the planet", am I right?
@@MM-kk8uh you make a lot of assumptions…
yep, i could get a no frills car that gets 400 per fill up and i could also live on oatmeal & beans.
i like the idea of climate control when parked… i have dogs and live in houston.
Why did they buy such expensive vehicles in the first place? No wonder they’re complaining now.
What if no one buy’s them?!
There 25k not 16
if I wanted to sit in a strip mall parking lot for 30 minutes I would.
Very few want a Tesla
Facts greatly disagree with you
Hertz got hurt 😂😂
Batteries failing?
Hertz putting new owners in charge.
The battery replacement for those EV probably cost half of the vehicle.
Tesla’s should be coming down in price. This follows the principle of Wright’s law as quoted from Wikipedia. The more times a task has been performed, the less time is required on each subsequent iteration. This relationship was probably first quantified in the industrial setting in 1936 by Theodore Paul Wright, an engineer at Curtiss-Wright in the United States. Wright found that every time total production doubled, the required labor time for a new product fell by 20%. This has become known as "Wright's law". Studies in other industries have yielded different percentage values (ranging from only a couple of percent up to 30%), but in most cases, the value in each industry was a constant percentage and did not vary at different scales of operation. The learning curve model posits that for each doubling of the total quantity of items produced, costs decrease by a fixed proportion. Generally, the production of any good or service shows the learning curve or experience curve effect. Each time cumulative volume doubles, value-added costs (including administration, marketing, distribution, and manufacturing) fall by a constant percentage. Tesla’s vehicles are not exempt from Wright’s Law. It is foolish for consumers (in this case, Hertz) to expect that new products to hold their values in light of new technology and the increase in production. You just have to look at TV sets. When 4K HD TV was first introduced, the cost was in the thousands. Now you, can get one under $500.
My experience with EV cars either BYD or Tesla is not that pleasant. The mileage anxiety, lack of charging facility, and long charging time are on top of list.
BYD's hibrids are awesome
EVs are a total scam. They are not worth the trouble or the inconvenience. Their safety is suspect too.
There is plenty of charging infrastructure out there. Tesla has it covered. If you don’t have a Tesla you’re in trouble.
I have one and I am saving thousands per year not buying gas. Mostly charge at home. Costs about $33 to drive about 950 miles. What a scam 😮😮😮😮😮
@@mr.foxwiz1653 get back to us when you need a new battery or your car burns up. How many tires have you had to buy?
@@althunder4269 Battery is warranted for 8 years or 120,000 miles. So that won’t be happening. I have friends who have Tesla vehicles and their tires have lasted 30,000 miles. I don’t drive like a bat out of hell, so I expect the same for my tires. Millions of Tesla vehicles are sold and most batteries don’t catch fire.
The EV push is the biggest DUHHHHHH I can remember. We can’t go from ICE to Electric in a couple of years? So shocking.
So much for that “infrastructure” bill!😂😂
You can get one with a bad battery soon 40000
They don’t have white seats only black why is that
They didn’t pay the extra money for the white seats
Because white seats get much dirtier.
Hertz still wants 30 - 40k for a used hard car. Not a good deal by any means, don't do it.
16k?
EVs are only in value if you have a daily driver need. Also if you live in a temperate climate like below the area of 40 degrees in winter.
Let’s put it this way… I don’t want a Tesla even if you give one to me for FREE!! Plain and simple… I say no to tesla. That’s how valuable tesla is to me..
2:05
I just looked it up they are high mileage cars
98k is not high mileage in 2024 lol
Hertz will offload 20,000 EVs from their inventory. In other news, Hertz will accuse 20,000 people of stealing their cars.
Walking Tall America
I believe its more about the software that tesla provides. GM and Ford needs a software that can out do or match Tesla. Production is not a issue I think
Price is king. BYD already overtook Tesla on global sales.
Chinese EV would've dominated US market if not for tariffs.
Tesla need a $20k Model 2.
For one quarter though@@Funktastico
No. Its the batteries. Evs just aren’t practical.
Sell your model 3 now 😂
The whole EV push was just bullcrap. Nobody with a decent head on their shoulders wants a Tesla
It works for me. I own a model x , driver around 40 miles a day, plug it at home every night, it’s charged by morning, it cost me around 20 bucks a week , drives itself, drives smoother than my Range Rover and I don’t have to go to gas stations to pump gas with all those peasants
@@Clickbait86you must have a very nice house. Be careful, your beloved EV might burn your house while you’re sleeping. DO NOT charge EV overnight without supervision. It’s a recipe for disaster.
Jurt buy a nice basic Porsche Cayman,and your fine!
EV cars that sit for years without being used develop system problems. The tires lose integrity too. Old tire = freeway blow-outs. Don't buy one of these, no matter the great deal you think you're getting.
I really feel bad for all the people who bought a Tesla before Elon decided to cut the prices.
Why? They bought it at the price they paid bc presumably they thought it was worth it for them. It’s not anyone’s fault than their own that they had more money than sense.
No they won’t 😂😂😂
This guys does not pass the smell test, seems like another corporate Tesla bear
Based ngl.
It’s all Bad for thee
Smart move, EVs suck.
Blah blah blah. Hertz is only getting rid of their high mileage ev. They also do the same to all their other high milage gasoline vehicles. All car rental companies do the Same. But that wouldn't get no click.
@valleyofiron125
No. Any ding or loss of use due to renter abused is charged to renters. It's in the contract. Hertz didn't a lose a thing.
98k is "high mileage" for an EV? Lol pathetic
I’m never giving up my gas guzzling truck NEVER GONNA HAPPEN.
Klaus Schwab just entered the chat
We must understand the reason why we must move to cleaner transportation to see how it makes sense. We all must make sacrifices in the beginning to make it work. Our civilization depends on it working. What is the real reason why we must make the change? (Hint: it’s not climate change..)
1st law of thermodynamics:
Everything pollutes
2nd law of thermodynamics:
You can’t make nothing out of something
3rd law of thermodynamics:
In order for something to become clean, something else must become dirty
No matter what we do there will always be a byproduct. We can make energy more efficient or move the byproduct to places with better collection methods but we can’t break even. And there’s a point of maximum efficiency, anything after that requires more material to create force or better material to reduce. Once we hit that maximum efficiency, everything after that is just people capitalizing on low investment margins and cheaply priced stocks of newer products like electric cars because it’s to lucrative to invest in an existing market such as oil/gas. Basically we’re going to get push from the 1% to buy electric because they all cheaply invested and need the consumer to drive up stock growth. At least that would be my plan. Lastly, soon all EV’s will have tax meters to help pay for infrastructure, which will cause all sorts of legal problems with privacy rights.
so, not only does no one want to buy these POS EVs. no one wants to RENT them either. the car rental industry is based on getting people from point A to point B as quickly and conveniently as possible. how to waiting hours upon hours on end at charging stations make this appealing?
Bloomberg with a base less drive by on Elon.
This is a shame, I only rent Teslas from Hertz now because EVs are just a better driving experience.
you like spending hours charging them
Only reason Hertz is selling 20,000 EVs is they are going to replace them with 20,000 new EVs.
LOL did you read the news? They’re replacing them with petrol cars.
Hertz has always been a bad company to do business with