Hertz verkauft nach großen Verlusten mehr Elektroautos Der Vermietriese beeilt sich, mehr seiner Elektroautos abzuladen, nachdem er auf ein bekanntes Problem gestoßen ist.

Submission statement from OP. Note: This submission statement „locks in“ after about 30 minutes and can no longer be edited. Please refer to my statement they link, which I can continue to edit. I often edit my submission statement, sometimes for the next few days if needs must. There is often required additional grammatical editing and additional added detail.

____________________________________________________

Hertz, once optimistic about electric vehicles (EVs), is now scaling back its EV fleet after facing significant financial losses. The company had ambitiously planned to renew its fleet with 100,000 Teslas and other EV brands in 20211. However, the reality proved harsh as EVs did not become the appreciating asset Elon Musk once claimed they would be2. Hertz is now looking to dispose of 30,000 EVs, which is 10,000 more than initially anticipated, due to a substantial increase in vehicle depreciation costs, amounting to $588 million in the first quarter of 20243.

The company’s strategy of selling used rental cars after they reach a certain mileage, which worked well with internal-combustion vehicles, has not been successful with used EVs4. High maintenance costs and depreciation have led to a $392 million loss in the first quarter, despite a slight growth in revenue5. The departure of CEO Steven Scherr in March was seen as a consequence of the failed EV investment6. Hertz’s new CEO, Gil West, is now focused on adjusting the vehicle supply to manage capital costs and improving operational efficiency. This experience may influence other rental companies’ decisions regarding EV fleets, as the economics of EV residual values remain challenging.

(Per „Copilot“)

This situation is coming about because as a nation we are failing to create the necessary infrastructure. We’ve spent the last 120 years using public and private dollars to build the fossil fuel based infrastructure; and now our grandchildren’s future is demanding we replace that in short order.

Think the interstate system for time frame.

In the late 1970s, President Carter installed solar units on top the White House and turned down the thermostats and wore sweaters as an example to all. He recognized that fossil fuels were more destructive then they were useful, and our future and that of our kids and grandkids depended upon moving on from them.

In came Reagan and **poof** there went the solar panels and any sense of sacrifice or change for the future.

Let’s not have a Reagan moment redux.