If you got an EV under the tree, hopefully there was a fire extinguisher in your stocking.
Car Scoops (12/23/24) reports: "Hertz is culling its portfolio of EVs in response to the sharp depreciation affecting some of its most popular models, including the Tesla Model 3. In what appears to be an aggressive effort to offload these vehicles, the rental giant has begun reaching out directly to customers currently renting them, offering an opportunity to purchase the cars outright on the spot. While we haven’t been able to find an announcement from Hertz directly regarding the scheme, a Reddit user recently shared a screenshot of an email they received from Hertz while renting a 2023 Tesla Model 3. In the email, Hertz offered the renter the chance to buy the EV for just $17,913. The renter says the Model 3 they rented had less than 30,000 miles (~48,000 km) on the clock, and having the opportunity to buy it at that price sounds like a steal. Last month, we published a story about many of Hertz’s Tesla Model 3s being sold, but none of them were this cheap. A look through Hertz’s current inventory shows it has three 2022 Model 3s available for less than $20,000. However, they all have over 130,000 miles (~209,000 km) on the clocks"
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"While battalions of Gucci Gulch lobbyists are angling to preserve the corporate welfare provisions of the Inflation Reduction Act under the guise of climate action — and hare-brained, pink-haired climate activists in Europe are gluing themselves to airport runways and Van Gogh paintings — the IEA report shows that King Coal ain’t dead yet, not by a long shot."Â
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– Robert Bryce, Substack
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