Hertz plans for EVs to make up 25% of its 500,000 vehicles. MAGA soils diapers.

J

Joe Capitalist

Racism is a disease
Hertz is embracing its name and using it to empower the future of electric vehicles (EVs) in a recent move to accelerate the electrification of its fleet of rental cars. CNBC reports that by the end of 2024, the rental giant plans for EVs to make up 25% of its 500,000 vehicles, up from 10% in 2023.*
With deals to purchase 330,000 EVs from Tesla, Polestar, and General Motors, Hertz will soon be providing savings for customers and reducing planet-overheating air pollution.*
In 2022, the globe-spanning rental car company announced a 12% increase in annual profits amid the push to electrify its fleet, which the company partially credited to its EVs being between 50-60% cheaper to maintain than its gasoline-powered cars.
Hertz’s latest announcement is more than just a savvy business play; it’s a significant development in the EV revolution and for the automobile market as a whole.

EVs offer many advantages over traditional internal-combustion engine cars, including lower operating costs, tax incentives, and cleaner air, according to the U.S. Department of Energy
 
Joe Capitalist said:
Hertz is embracing its name and using it to empower the future of electric vehicles (EVs) in a recent move to accelerate the electrification of its fleet of rental cars. CNBC reports that by the end of 2024, the rental giant plans for EVs to make up 25% of its 500,000 vehicles, up from 10% in 2023.*
With deals to purchase 330,000 EVs from Tesla, Polestar, and General Motors, Hertz will soon be providing savings for customers and reducing planet-overheating air pollution.*
In 2022, the globe-spanning rental car company announced a 12% increase in annual profits amid the push to electrify its fleet, which the company partially credited to its EVs being between 50-60% cheaper to maintain than its gasoline-powered cars.
Hertz’s latest announcement is more than just a savvy business play; it’s a significant development in the EV revolution and for the automobile market as a whole.

EVs offer many advantages over traditional internal-combustion engine cars, including lower operating costs, tax incentives, and cleaner air, according to the U.S. Department of Energy
Click to expand...

As long as you stay in town, renting an EV could be just fine. Just don't try to go more than 200 miles in it. :laugh:
 
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Joe Capitalist said:
Hertz is embracing its name and using it to empower the future of electric vehicles (EVs) in a recent move to accelerate the electrification of its fleet of rental cars. CNBC reports that by the end of 2024, the rental giant plans for EVs to make up 25% of its 500,000 vehicles, up from 10% in 2023.*
With deals to purchase 330,000 EVs from Tesla, Polestar, and General Motors, Hertz will soon be providing savings for customers and reducing planet-overheating air pollution.*
In 2022, the globe-spanning rental car company announced a 12% increase in annual profits amid the push to electrify its fleet, which the company partially credited to its EVs being between 50-60% cheaper to maintain than its gasoline-powered cars.
Hertz’s latest announcement is more than just a savvy business play; it’s a significant development in the EV revolution and for the automobile market as a whole.

EVs offer many advantages over traditional internal-combustion engine cars, including lower operating costs, tax incentives, and cleaner air, according to the U.S. Department of Energy
Click to expand...

tenor.gif


Car-Rental Companies Are Ruining EVs
Good luck charging your surprise electric rental car.
https://www.theatlantic.com/technol...ic-vehicle-rental-cars-hertz-chargers/674429/

Hype Aside, Americans Still Aren’t Renting Electric Cars
https://www.caranddriver.com/news/a15341264/hype-aside-americans-still-arent-renting-electric-cars/

The rental car business is betting that corporations will rent them for ESG reasons, even as ESG is now becoming a pariah idea in the corporate world.

Beyond comparing costs of employees driving EVs versus ICE cars — currently skewed by the national average of around $5 for a gallon of regular gas — companies view EVs as a quantifiable way to reduce their greenhouse gas (GHG) emissions, meet net-zero goals and burnish their environmental, social and governance (ESG) bona fides among sustainability investors and advocacy groups.

“The initial research has shown that corporate accounts are going to be willing to pay a premium for EVs,” Woronka said, “because it helps them achieve some of their ESG objectives.”
https://www.cnbc.com/2022/06/18/how...n-is-starting-in-the-car-rental-industry.html

An ESG Reckoning Is Coming
https://hbr.org/2021/03/an-esg-reckoning-is-coming

There’s an ESG backlash inside the executive ranks at top corporations
https://www.cnbc.com/2022/09/29/the...ange Commission’s climate disclosure proposal.

CSR? ESG? Leftists Forcing Corporations to Abandon Their Purpose and Offend Customers, Employees, Shareholders
https://dailysurge.com/2022/08/csr-...omers-employees-shareholders/#google_vignette

ESG’s Toxic Brand Isn’t Salvageable
https://www.iwf.org/2022/09/14/esgs-toxic-brand-isnt-salvageable/

So, once again, the radical Left has fucked things up with their insanity. But corporations are in business to make money, not to be politically correct and the reckoning is coming, and coming fast. See the demise of Anheuser-Busch as an example. Investors (like me--I told my personal banker that if I find out my money is being invested in ESG heavy anything I'll pull my accounts as a personal example) are demanding corporations make money not political points.
 
https://apple.news/AHl2t3AKPRSWQvwUGqlKdmA

EV Fast-Charging Breakthrough? China's New Battery Gets 250 Miles in 10 Minutes


With partners like Tesla, Hyundai, Honda, and Ford, a new battery from CATL could mean EV drivers can power up almost as quickly as filling up a gas tank.
A Chinese company is looking to speed up EV charging times with a new battery technology that it says can achieve 248 miles of range (400km) in just 10 minutes.
The tech, dubbed Shenxing, "is expected to considerably alleviate fast charging anxiety for EV users, and opens up an era of EV superfast charging," says Contemporary Amperex Technology Ltd. (CATL). The company plans to begin mass production at the end of 2023, with vehicles equipped with the battery hitting the market in 2024. It did not list specific markets or vehicles, though its partners have included Tesla, Hyundai, Honda, and Ford.
This breakthrough means drivers may not have to factor in as much time for EV charging. Most EVs on the road have a range between 200 and 300 miles. A base Tesla Model 3 goes 270 miles on a single charge, and currently takes 30 minutes to an hour to power up on a public fast charger. But with CATL's new battery, charge times could be more on par with a gas station.
"Currently fast charging anxiety has become the top factor that stops consumers from shifting to EVs," CATL says. Consumer studies support this, as they have repeatedly shown charge times and range anxiety are among the top barriers to ownership.
How did CATL achieve its new breakthrough battery? The company lists three key innovations, all related to improving the flow of energy across the battery.
Accelerating the extraction of lithium ions, creating a "rapid response to charging signals."
Modifying the graphite surface to create an "expressway for current conduction."
Decreasing resistance of lithium-ion movement with a new "superconducting electrolyte formula" with less viscosity.
CATL also designed the battery to balance fast charging with long range, protecting driver safety by maintaining a low temperature.

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Hertz is doing it because the cost of EVs and the operation and maintenance costs will save them a lot of money and increase profits. That is how corporations work.
 
Nordberg said:
Hertz is doing it because the cost of EVs and the operation and maintenance costs will save them a lot of money and increase profits. That is how corporations work.
Click to expand...

They sit on the lots because potential customers dont want them, and they blame Hertz for trying to force them into something that they dont want, which is idiotic according to standard corporate theory.

But they do it anyways, because yearning for UTOPIA is more important to them than is satisfying customers.
 
Hawkeye10 said:
Pretty shocking from the very WOKE Atlantic:

Car-Rental Companies Are Ruining EVs
Good luck charging your surprise electric rental car.

I didn’t ask for any of this. Three days earlier, I had booked Hertz’s cheapest option—in this case, the “Manager’s Special”—assuming I’d end up with a forgettable sedan. What I did not consider was an electric car. “Sorry, it’s all we have,” the man at the Hertz counter in downtown Brooklyn said as he handed over the keys. With no forewarning, no experience driving an EV, and virtually no guidance, what was supposed to be a restful trip upstate was anything but. Just a few hours of highway driving would sap the battery, leaving me and my friends scrounging for public chargers in desolate parking lots, the top floors of garages, and hotels with plugs marked for guests only. It was a crash course in EVs for four people who had never heard of CCS versus CHAdemo, the 80/20 rule, and Level 3 chargers.

Maybe the same thing will happen to you, if it hasn’t already. After my disastrous weekend, I talked to three rental-car experts: All of them were familiar with the phenomenon of the surprise EV, a result of how much the industry is leaning into electric cars. Only 4 percent of Americans own an EV, but Hertz plans for a quarter of its fleet to be electric by the end of next year.

These are great, potentially planet-saving machines, but the ordeal made me want to wage a slash-and-burn campaign against all of them. A surprise EV rental, it turns out, is tailor-made to amplify the downsides of electric cars, especially among impressionable newbies. “You know, it's really not smart,” Loren McDonald, an EV consultant, told me. “If they’re out of gas cars, they’re out of gas cars, but they’ve got to eliminate the surprise thing.” The promised transition away from dirty gas cars only works if people actually want to buy EVs, as all of the government tax breaks and Will Ferrell ads make abundantly clear. Yet the very first time that many people experience an electric car will be not at a dealership, but rather on a rental-car trip.
Click to expand...

https://www.theatlantic.com/technol...ic-vehicle-rental-cars-hertz-chargers/674429/
Click to expand...

https://www.justplainpolitics.com/s...d-EV-truck-during-family-road-trip-to-Chicago
 
Nordberg said:
Hertz is doing it because the cost of EVs and the operation and maintenance costs will save them a lot of money and increase profits. That is how corporations work.
Click to expand...

Hertz has been one of the top rental car companies in America for decades. They know what they're doing.
I'm sure they've done many detailed cost analyses and came to the conclusion that EVs have better operation and maintenance costs than gas cars. Look for other rental companies to follow suit.
 
I Rented A Tesla For A Week And Am Totally Sold On Gas-Powered Cars

But pigs will fly before I buy an EV based on my Tesla experience/experiment. This conclusion is not based on a one-hour test drive but on an entire week of driving in an EV-friendly part of the country.

Granted, there are some moments of fun when driving a Tesla. “Regenerative braking” is a system that recharges the battery. So once your foot is off the accelerator, the car slows down quickly. We rarely needed to use the brake at all, even at red lights. And once you accelerate, expect a fast pick-up! The tinted glass roof was kind of cool. The seats were comfortable enough. But all in all, it was too much hassle and too much anxiety. I’m now totally sold on gas-powered vehicles.
Click to expand...
https://thefederalist.com/2023/08/2...week-and-am-totally-sold-on-gas-powered-cars/




PS: The Federalist has a headline up currently using the term "Regime Media", which I got from Jimmy Dore and have been using for over a year:

Regime Media Launder Dirty Details Of Hunter Biden’s Plea Deal And His Dad’s Filthy DOJ
Click to expand...
 
Joe Capitalist said:
Hertz has been one of the top rental car companies in America for decades. They know what they're doing.
I'm sure they've done many detailed cost analyses and came to the conclusion that EVs have better operation and maintenance costs than gas cars. Look for other rental companies to follow suit.
Click to expand...


Until very recently, bud light was the best selling beer in America. What happened? :dunno: We may never know! The fates are fickle.
 
Hawkeye10 said:
They sit on the lots because potential customers dont want them, and they blame Hertz for trying to force them into something that they dont want, which is idiotic according to standard corporate theory.

But they do it anyways, because yearning for UTOPIA is more important to them than is satisfying customers.
Click to expand...

What a crazy post that was.
 
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