Hertz Added EV Rentals And Went From Bankruptcy To Huge Profits via insideevs.com
It wasn't that long ago that rental car company Hertz went bankrupt. It also wasn't that long ago that Hertz hired Tom Brady to promote the fact that it had placed an order for 100,000 Tesla EVs to rent to customers across the globe. Now, it's back to making notable profits.
Since ramping up its EV offerings, Hertz has enjoyed a 12 percent increase in annual profits. While you may be thinking this spike in revenue is due to the fact that EVs are growing in popularity and causing Hertz's rentals to skyrocket, that's not the whole story. Sure, Hertz is having much more rental success than it was not long ago, and business is way up compared to pandemic levels, but the real kicker here comes from the cost savings.
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