{"id":146741,"date":"2024-08-12T10:05:35","date_gmt":"2024-08-12T10:05:35","guid":{"rendered":"https:\/\/all-car-news.com\/europes-largest-car-rental-company-wants-to-get-rid-of-electric-cars\/"},"modified":"2024-08-12T10:05:35","modified_gmt":"2024-08-12T10:05:35","slug":"europes-largest-car-rental-company-wants-to-get-rid-of-electric-cars","status":"publish","type":"post","link":"https:\/\/all-car-news.com\/en\/europes-largest-car-rental-company-wants-to-get-rid-of-electric-cars\/","title":{"rendered":"Europe’s largest car rental company wants to get rid of electric cars"},"content":{"rendered":"

Little demand<\/h2>\n

It seems the electric car is not as much of a hit with renters as thought after all.
\nThe German car rental company Sixt has decided to greatly reduce the number of electric vehicles in their fleet.
\nThis is because customers still prefer to choose a car with a traditional fuel engine.
\n“We are adjusting our offer to the demand,” Sixt announced.
\nLast year, Sixt, Europe’s largest car rental company, still had nearly 10,000 electric cars out of a fleet of 170,000 vehicles. <\/p>\n

High cost<\/h2>\n

Declining demand is not the only reason to curtail EV offerings.
\nFor Sixt and Hertz, EVs, especially Tesla cars, are proving less profitable than hoped.
\nMaintenance costs are higher and due to price reductions from Tesla, the residual value is falling faster than expected.
\nFor car rental companies, the residual value of a vehicle at the end of the rental period is important.
\nAfter all, it determines how much they recover from their investment.
\nWith electric cars, this risk seems to be higher than with fuel-engine cars. <\/p>\n

Hertz<\/h2>\n

Competitor Hertz also came out with the same news earlier this year.
\nThey announced plans to remove some 10,000 electric cars from their fleet because they are less profitable.
\nLower rental rates and higher maintenance costs put pressure on profits, and the residual value of electric cars drops faster than that of gasoline or diesel models. <\/p>\n

Also read: Decline in electric car sales Germany continues solidly<\/a><\/p>\n

\n
\n

Decline in electric car sales Germany continues solidly<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure><\/p>\n","protected":false},"excerpt":{"rendered":"Little demand It seems the electric car is not as much of a hit with renters as thought after all.…","protected":false},"author":0,"featured_media":146725,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[94],"tags":[],"class_list":["post-146741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-background-en"],"acf":[],"yoast_head":"\nEurope's largest car rental company wants to get rid of electric cars - All cars news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/all-car-news.com\/en\/europes-largest-car-rental-company-wants-to-get-rid-of-electric-cars\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Europe's largest car rental company wants to get rid of electric cars - All cars news\" \/>\n<meta property=\"og:description\" content=\"Little demand It seems the electric car is not as much of a hit with renters as thought after all. 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