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It makes sense... EV's pay for themselves over the long run, much longer than rental cars stick around for. They typically lease them for up to three years and
by yabones 3y ago
It makes sense... EV's pay for themselves over the long run, much longer than rental cars stick around for. They typically lease them for up to three years and then flip them for newer vehicles. EV's have lower TCO, but only if you keep it for a decade. With a higher sticker price and insurance, it makes sense the rental sector is having cold feet.
Anecdotally, the exception was Japan, where my wife and I rented a pristine ten year old Aqua direct from Toyota, but that sort of vertical integration seems to be rare here.
- rootusrootus 3y agoYou get a better TCO much sooner than 10 years in most cases. Tesla is often not one of those cases, however, because they've historically commanded a price premium that was hard to overcome with lower running costs. That's starting to change, but Hertz bought these cars at a pretty high price point. They'd have been better off working out a fleet deal with GM for Bolts.