Hertz's EV Inventory Reduction Sparks Increased Demand Among Renters
As fuel prices climb, rental demand for electric vehicles surges at Hertz and Turo, despite a downturn in new EV sales.
Editorial Staff
1 min read
Updated 14 days ago
Recent trends indicate a significant increase in rental bookings at both Hertz and Turo, coinciding with rising fuel prices. This uptick in demand suggests that consumers are seeking more economical transportation options.
Hertz's decision to offload 30,000 electric vehicles may have inadvertently created a gap in their inventory, leading to heightened interest from renters looking for EVs.
While the demand for rentals has surged, the overall market for new electric vehicle sales remains weak, highlighting a potential disconnect between consumer preferences and available options.