Something not so good is going on in EV land – and it isn’t aggressive Chinese competition.
Hertz for one has decided to dump 20,000 EVs citing hidden costs, especially of accidents.
“Expenses related to collision and damage, primarily associated with EVs, remained high in the quarter, thereby supporting the Company’s decision to initiate the material reduction in the EV fleet.“
Then there is this chart showing EVs are taking longer to sell.
