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The Hertz Meltdown Reveals the Scale of the EV Debacle
Epoch Times ^ | 3/21/2024 | Jeffrey A. Tucker

Posted on 03/23/2024 9:10:43 AM PDT by george76

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1 posted on 03/23/2024 9:10:43 AM PDT by george76
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To: george76
CEO of Hertz Stephen Scherr has been booted out due to a vast purchase of an EV fleet that consumers didn’t even want to rent.

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."

2 posted on 03/23/2024 9:17:06 AM PDT by PGR88
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To: george76

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


3 posted on 03/23/2024 9:17:38 AM PDT by gibsonguy
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To: george76

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.


4 posted on 03/23/2024 9:17:52 AM PDT by pfflier
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To: george76

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.


5 posted on 03/23/2024 9:18:28 AM PDT by Mean Daddy (Every time Hillary lies, a demon gets its wings. - Windflier)
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To: george76

“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.


6 posted on 03/23/2024 9:18:44 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: pfflier

They have no idea of the distances between services in the flyover states.


Either that, or more likely, they just don’t care.


7 posted on 03/23/2024 9:23:34 AM PDT by hanamizu ( )
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To: V_TWIN

So the CEO made a mistake, a big one. Do you think it will change his thinking? Even in an election one can only hope to ‘shave’ a few percent of voters from the other side.


8 posted on 03/23/2024 9:23:49 AM PDT by DIRTYSECRET
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To: george76

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


9 posted on 03/23/2024 9:24:06 AM PDT by chuckee
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To: george76

Perhaps the major auto manufacturers will get into the golf cart business.

EC


10 posted on 03/23/2024 9:24:16 AM PDT by Ex-Con777
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To: Mean Daddy

“the vehicle must be fully charged before its returned”

If that is in fact the case, hertz should be run out of business for that stupid policy alone.

Rental vehicles are supposed to be cleaned and vacuumed between rentals, why not charge it then?

Putting the burden of recharge on the customer is asinine to say the least.


11 posted on 03/23/2024 9:25:12 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: george76

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.


12 posted on 03/23/2024 9:25:45 AM PDT by Roadrunner383 (m)
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To: george76

Life is tough if you can’t do maths....


13 posted on 03/23/2024 9:26:42 AM PDT by mo ("If you understand, no explanation is needed; if you don't understand, no explanation is possible)
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>> 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.


14 posted on 03/23/2024 9:30:38 AM PDT by Gene Eric (Don't be a statist! )
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To: george76

Hertz was already on life support than they made this epic blunder. No one who matter


15 posted on 03/23/2024 9:30:58 AM PDT by gibsonguy
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they are fine for urban commutes with home chargers and not much else.

That, and the caveat re propensity to catch on fire means your little charging shed had better be a safe distance from your house.

When they perfect a charging system that needs no more than a solar panel the size of a cell phone that stores the charge for up to a week and charges in less than an hour, when they perfect that? Then, gimme a call.

16 posted on 03/23/2024 9:31:15 AM PDT by LouAvul (If America will repent of its wickedness and return to Christ, He will forgive and restore. )
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To: Roadrunner383

+1


17 posted on 03/23/2024 9:31:44 AM PDT by Gene Eric (Don't be a statist! )
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To: hanamizu

I had a relative that lived in Arlington Va. She just couldn’t figure out why we just didn’t hop on the subway and go to the doctor in Phoenix from Tucson.


18 posted on 03/23/2024 9:31:52 AM PDT by pfflier
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To: pfflier

Biden wants all government employees to use EVs, take trains

https://electrek.co/2023/12/15/biden-wants-all-government-employees-to-rent-evs-take-trains/

There is no train. Now what?


19 posted on 03/23/2024 9:33:14 AM PDT by packagingguy
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To: george76

Bookmark.


20 posted on 03/23/2024 9:35:09 AM PDT by Inyo-Mono
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