Originally posted by: PJ Stroh
When Tom doesnt provide a source you know he's pulling shit out of his ass.
Hertz got burned by the price reductions in EV's which suddenly made their balance sheet go down.
EV's continue to get more affordable with better range - two things you are on record saying would not happen. Hertz's problem is the result of progress. Only Tom can think thats a bad thing.
And by "cutting production" you mean record production.
https://www.coxautoinc.com/market-insights/q4-2023-ev-sales/
Hertz said expensive repairs helped inform its decision to downsize its EV fleet. The move warns potential EV owners about "hidden" costs. Repairs for EVs can cost more than those for gas-powered cars.
https://www.msn.com/en-us/autos/news/hertz-dumping-20000-evs-is-a-warning-to-electric-car-owners-everywhere/ar-AA1mSpng
From Consumer Reports
The survey reveals that, on average, EVs from the past three model years had 79 percent more problems than conventional cars. Based on owner responses on more than 330,000 vehicles
https://www.consumerreports.org/cars/car-reliability-owner-satisfaction/electric-vehicles-are-less-reliable-than-conventional-cars-
a1047214174/#:~:text=Electric%20vehicle%20owners%20continue%20to%20report%20far%20more,had%2079%20percent%20more%20problems%20than%20conventional%20cars.
So much for range. Sometimes the range is zero.
https://news.yahoo.com/electric-car-owners-confront-harsh-130352017.html?fr=sycsrp_catchall
Andrew Leech, managing director at Fleet Evolution, said that it was common for manufacturers to “wilfully overstate” EV range figures to attract buyers.
https://search.yahoo.com/search?fr=mcafee&type=E211US1079G91652&p=electric+cars+range+is+overstated
And factories are being shut down.
https://www.theverge.com/2023/10/26/23934172/ford-12-billion-ev-investment-postpone-q3-earnings
https://www.thedrive.com/news/gm-is-stalling-ev-production-because-demand-is-falling-off
https://www.msn.com/en-us/autos/news/car-dealers-to-biden-evs-aren-t-selling/ar-AA1kGMT4#:~:text=Dealers%20have%20a%20103-day%20supply%20of%20EVs%20compared,about%20twice%20as%20long%20as%20for%20gas-powered%20cars.
And then there are wind power cancellations
https://apnews.com/article/offshore-wind-orsted-cancellation-biden-new-jersey-3f2ff7c9832210ce862f6e7179fae439