Hertz made a huge bet on EVs planning to buy 100,000 Teslas all with lower routine maintenance costs. The problem is maintenance costs might be lower, but repair costs after accidents have come in substantially higher than expected. Several EV owners have found themselves flabbergasted at 20k repair bills, especially when the car’s batteries or destroyed or require repair.

Customers are also still unsure where to charge the things, leading to the EV rental car surprise. 

As an EV owner, I love the thing and know it’s without question the future, but at the moment the vehicles are becoming available faster than the infrastructure to support them.

Hertz’s embrace of Teslas isn’t going so well

Hertz is slowing down its rollout of electric vehicles, citing higher repair costs and depreciation due to Tesla’s aggressive price cuts.