Rental Company EV Failure Hertz Our Resale Values

Recently, I was watching some videos about Equinox EV charging performance, and wondered whether it would make a good replacement for my Bolt EUV. Not only could I get more range, but faster charging of 100-150 kW instead of only 55. Considering that I like to do stupid things like use the Bolt to haul a trailer across the United States, having better range and spending less time at charging stations would be very beneficial.I actually got a decent deal on my Bolt EUV.

I have a much better version of the EUV, with the Premiere trim, leather seats, front and rear seat heaters, adaptive cruise, and other goodies. But, with the base price of the EUV getting dragged down by Hertz’ failure to implement a good rental program followed by dumping them onto the market en masse, the little bit of value added by premium features doesn’t mean that much, and my vehicle’s value has been likewise drug down a lot faster than most.

The same is true for even more capable EVs, like Model 3s and Kias. It’s going to suck for people who want to upgrade to something else only to find that the vehicle isn’t worth what they expected, but for people trying to pick up a decent used Tesla for $20,000, we’re going to see people get a decent vehicle for a pretty affordable price. So, in the long run, people will benefit a lot from access to cheaper used EVs.

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