Hertz to Sell off Its EV Fleet

Hertz car rental company is selling about 20,000 electric vehicles, including Teslas. Apparently the cost of collision damage for EVs is causing Hertz to rethink their commitment to convert 25% of their rental fleet to electric vehicles by the end of 2024 - clearly this will not happen.

Sine a number of customers driving EVs were involved in collisions, Hertz decided to lessen the chance of future collisions involving EVs, by limiting the torque and speed of their EVs. It has not been widely reported, but collision shop owners are thrilled with the EVs, as their high acceleration results in increased probability of a collision, at least until drivers get used to driving EVs.

So while there are headwinds facing the EV industry, as individuals we may benefit from Hertz's sale. You can check out their website, apparently in addition to Tesla's Model 3, they also have BMW's i3 and Chevrolet's Bolt for sale.

Naturally when you consider used EV purchase, you should keep in mind that high voltage batteries do not last the lifetime of the vehicle, and high voltage battery replacement can be very expensive - so factor that expense into your EV lifetime ownership cost.

And as with all used cars, we recommend calling your friendly mechanic to have the vehicle undergo a pre-purchase inspection. Hertz and other sellers are professionals - you should have professionals on your side as well.

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