Challenges Faced by Hertz with Electric Vehicle Fleet
Hertz is facing challenges with its electric vehicle fleet, leading to financial losses and a CEO replacement. The company struggled with EV pricing, charging infrastructure, and damage repairs, in addition to settling claims related to falsely reported stolen rental cars.
Key Points
- Hertz faced financial losses due to a drop in value of EVs it was selling
- CEO Stephen Scherr is stepping down after challenges with the EV fleet
- Hertz struggled with EV pricing and lack of charging infrastructure
- Settled claims related to falsely reported stolen rental cars
Cons
- Financial losses due to drop in value of EVs
- CEO replacement due to fleet mismanagement
- Struggles with EV pricing and charging infrastructure
- Settlement of claims related to falsely reported stolen rental cars