Recent trends indicate a significant increase in rental bookings at both Hertz and Turo, coinciding with rising fuel prices. This uptick in demand suggests that consumers are seeking more economical transportation options.
Hertz's decision to offload 30,000 electric vehicles may have inadvertently created a gap in their inventory, leading to heightened interest from renters looking for EVs.
While the demand for rentals has surged, the overall market for new electric vehicle sales remains weak, highlighting a potential disconnect between consumer preferences and available options.