Hertz shift back to ICE cars raises questions about EVs

Published

4 months ago

January 15, 2024

Mike Loder

Hertz is selling a massive chunk of its electric-vehicle fleet, citing higher repair costs.

The company plans to sell 20,000 cars, or about one-third of its electric fleet.

The company plans to use the money to buy internal combustion engine vehicles.

So why the sudden change?

It was only in 2021 when the rental company made a splash,, with grand plans to help make EVs go mainstream.

But now, with new management, Hertz has decided to drastically cut their EV fleet.

The company stated that consumer demand for EV rentals just isn’t what they had hoped for.

Then there are the expensive repair costs.

Hertz says the pool of EV early adopters is drying up, and skyrocketing interest rates have left consumers with few expensive models to choose from and virtually no used market as an alternative.

Related Topics:electric vehicles ev Featured

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Mike Loder is a Ticker presenter.

Portal between countries shut down after international flashing

Published

1 hour ago

May 16, 2024

Nathan Langridge

An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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Is cloud technology the solution for every organisation’s needs?

Published

2 hours ago

May 16, 2024

ticker NEWS

Amidst the dominance of cloud technologies in the tech landscape, questions are rising over applicability and its cost implications.

As businesses increasingly migrate to cloud technologies, skepticism is brewing over whether it’s the optimal solution for every organisational need.

Additionally, the notion of “free” cloud services is being challenged, highlighting the importance of understanding the true costs and benefits associated with cloud adoption.

Harsha Patil, Engineering manager, California USA shares his key insights on the cloud conundrum. #featured

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Does American media have TikTok bias?

Published

8 hours ago

May 16, 2024

ticker NEWS

While the fate of TikTok remains uncertain in the U.S.—there is no shortage of possibilities.

Several investors are hoping to benefit from a new federal law that requires TikTok’s China-based parent company to sell the popular platform or face a ban.

This comes after ByteDance and TikTok filed a lawsuit against the U.S. government to block the law from going into effect.

Meanwhile, eight TikTok creators filed their own challenge, arguing the law violates their First Amendment rights to free speech.

But as the saga continues many media outlets are defending the platform.

David Zhang from China Insider joins Veronica Dudo to discuss. #IN AMERICA TODAY #trending #TikTok #TikTokban #socialmedia #China