I've met so many business managers and CEOs who, like game-show hucksters, are ready to spend investors and owners' money simply "following the latest thing." In a low-growth, competitive industry like car-rentals, how else does one make a name for oneself or potentially earn $tens of millions in bonuses, unless one places ridiculous bets?
A CEO candidate who simply said, I'm going to focus on cost-control, key employee retention, and operational efficiency to grow our market share and profit a few % points, would be called "boring" and and "lacking vision."
Hertz was already on life support than they made this epic blunder. No one who mattered had the common sense to realize people who rent cars do not want to have to deal with the nightmare of public charging stations. Almost unbelievable
The I-95 elites think the whole country can just hop a bus or train to get where they need to go. They have no idea of the distances between services in the flyover states.
On another post, someone made the point that the vehicle must be fully charged before its returned. When we rent a car, we always find a gas station near the airport to fill up. Charging would add another couple hours to the return process.
“There is another problem: surveillance. The car can be tracked anywhere and shut off at a moment’s notice. This is obviously a great thing if the government desires a social-credit system of citizens control”
☝️
THAT......I’m glad someone finally said it out loud.
Driving is just one more freedom the left sees as an opportunity to control and force compliance.
Good to see they finally got rid of CEO Scherr who was vying with former GE CEO Immelt for title of worst CEO in the history of the world
Perhaps the major auto manufacturers will get into the golf cart business.
EC
Liberals don’t care about EV troubles, and they don’t really like EVs.
Liberals are opposed to individual transportation, unless you’re talking bicycles. A future without ICEs and EVs will suit liberals just fine.
Life is tough if you can’t do maths....
>> Did Hertz think of any of this before they spent $250M
Did Bud Light think of the consequences?
Not sure it’s possible to prevent stolen elections, but the consumer still has the power of the purse, and that may be the last weapon at our disposal aside from Divine Intervention.
Hertz was already on life support than they made this epic blunder. No one who matter
Bookmark.
No one is talking about what is going to replace the Federal and State gas tax? You got it. A per mile charge as they track your every movement.
The key issues with EVs are as follows.
The cost upfront is much higher.
Financing charges are higher.
They depreciate at a higher rate than internal combustion cars.
The insurance is more expensive, by at least 25 percent.
Repairs are much more expensive, if you can get them done at all, and take longer.
Tires are more expensive and don’t last as long because the car is so heavy.
Refueling is not easy and missteps here can have nightmarish consequences.
They are more likely to catch fire.
Any motor vehicle accident that impacts the battery can lead to repairs higher than the value of the car, that is totaled with so much as a scratch.
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Everything the government/leftist touch turns to sh*t!
The key issues with EVs are as follows.
The cost upfront is much higher.
Financing charges are higher.
They depreciate at a higher rate than internal combustion cars.
The insurance is more expensive, by at least 25 percent.
Repairs are much more expensive, if you can get them done at all, and take longer.
Tires are more expensive and don’t last as long because the car is so heavy.
Refueling is not easy and missteps here can have nightmarish consequences.
They are more likely to catch fire.
Any motor vehicle accident that impacts the battery can lead to repairs higher than the value of the car, that is totaled with so much as a scratch.
_________________________________________________
Everything the government/leftist touch turns to sh*t!
“... they are fine for urban commutes with home chargers...”
Electric Golf Carts have performed well for decades.
The issue with the Deep State / Uniparty is they only care about what they want. What normal people want is not only not considered, they could not care less about it.
With EVs, the Deep State / Unipaty has passed their “rule” and they truly believe that they can just wait us out. So what if we don’t buy their mandated EVs? The rules are in place and they have no interest in changing them. There next move will likely be a combination of: mandate the disuse of older vehicles, restrict the availability of gasoline, ration the amount of gasoline individuals can purchase, greatly increase gasoline / diesel taxes.
All of the moves will be to force the disuse of personal transportation. Therefore, choices in the 2030s will quickly boil down to discontinue use of personal motorized transportation and therefore be forced to move to an urban location or pay up for a useless EV and try to continue living outside of urban centers but with sharply limited transportation.
Once gasoline and diesel are generally unavailable, the long knives will be out for the toxic and environmentally highly dirty EVs. That will be done to try and force the remaining holdouts off their land and into the urban free fire zones.
It’s not Hertz’s fault that their customer base rebels against change.
(pretty much what the EV types think)
When politics overrules market forces, disaster is sure to follow.
Politicians have abdicated their duty of oversight on regulatory agencies. Politicians today have little on their agenda other than make the other side look bad and keep their seat. How about you twits doing something useful for the American public instead of those things designed to get you reelected?