January 19, 2024

Eco update

Yes, electric vehicles lose range in cold weather

Time -  When Hertz announced in 2021 that it would build out its electric vehicle rental fleet, the move was received as a clear signal that the transition to EVs was moving full speed ahead. The company bought 100,000 Teslas and hired Tom Brady to headline its related ad campaign. But the winds have shifted. Last week, Hertz said it would pull back on that decision and sell a third of its EV fleet. The cost of repairing damage to EVs remains stubbornly high, and, more generally, the company said that it needed to match its supply of EVs with lower consumer demand than anticipated.

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