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Keyword: hertzmeltdown

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  • The Hertz Meltdown Reveals the Scale of the EV Debacle

    03/23/2024 9:10:43 AM PDT · by george76 · 96 replies
    Epoch Times ^ | 3/21/2024 | Jeffrey A. Tucker
    The Biden administration’s Environmental Protection Agency (EPA) has revealed its ambition: to phase out gas-powered cars in favor of electric vehicles (EVs). Incredibly, this announcement comes as we are flooded with overwhelming evidence that EVs are a market loser. Indeed, the artificial boom and then meltdown of the EV market is a modern industrial calamity. It was created by government, social media, wild disease frenzy, far-flung thinking, and the irrational chasing of utopia, followed by a rude awakening by facts and reality. CEO of Hertz Stephen Scherr has been booted out due to a vast purchase of an EV fleet...