⚡👨🔧 Hertz Is Struggling To Contain EV Costs When Teslas Are Used For Uber
Rental giant Hertz, who recently announced agreement with NYC, very recently cited unsustainable and surprising repair costs associated with Teslas used in for-hire transport market
As we’ve previously written, NYC TLC Chair David Do’s favorite words these days seem to be “predatory leasing”. These are words that Do, and his TLC deputies, continue to repeat as they try to justify their shock decision to remove the EV exemption to the FHV License Pause (TLC Plate Cap). Well, we have a real life example from recently announced City fleet electrification partner Hertz, providing further proof of why EV maintenance and repair math is tricky.
(Do)ubling (Do)wn
Before we get into Hertz, some thoughts.
Firstly, and this might come off as a crazy concept, why don’t we have a TLC hearing specifically dedicated to the FHV leasing industry and make rules based on that hearing and study the industry (i.e., have someone at TLC do some math). For example, you can address any issues of “predatory” leasing with other policies and actions. There is not only one way to solve a problem. As we’ve and others have mentioned, FHV Lease Caps
