Learn English: Electric Car Rentals: A Changing Landscape (normal)

3 months ago

Electric Car Rentals: A Changing Landscape

Rental car companies are facing challenges with electric vehicles, as their resale values have fallen more quickly than expected.

Hertz, a major rental company, scaled back its plans to buy electric cars after experiencing significant losses on their resale.

This has led to many rental companies selling off their electric car fleets at discounted prices, making it harder to find them to rent.

While electric cars offer environmental benefits, the current economic situation for rental companies may discourage them from investing heavily in them for now.

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Source

Original: NY Times (Travel)

Tags

#electric vehicles #rental cars #resale value #hertz #automotive industry

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