Young whippersnappers might not remember that you didn't always have to take out a loan to rent a car for the weekend. Thankfully, after the pandemic years, prices are coming down, and there are even deals to be had.
Signs that the rental-car industry is turning around can be found in recent expansion announcements, both about new cars being added to fleets and more rental counters in more locations.The rental-car world is shifting back to normal, sort of. These past few years introduced us to a slew of pandemic-influenced strangeness and incredibly high prices.
One way to see how things are on the upswing is recent news about growing capacity. Hertz, for example, announced this week that it will add 2100 electric vehicles to its Houston fleet, nearly tripling the number of EVs available in the area. Hertz is also building a new fast-charging hub at the Houston Hobby Airport. So far this year, Sixt has announced a number of new North American locations, including Washington, D.C.
The revival is happening globally, too, with Dubai's luxury-car rentals "skyrocketing," for example. The Vietnamese conglomerate VinGroup, which owns the new EV brand VinFast, announced earlier this month that it had established a new joint stock company called GSM that would focus on renting out VinFast EVs as well as renting VinFast's scooters and operating a taxi service.
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