The adoption of EVs in the US is on the rise, although many people still have concerns about ‘range anxiety’ – the fear of running out of power while on the road.
However, this is not such a concern when it comes to renting an EV for a vacation or business trip, with research revealing 78% of people consider it as a way to try out EVs before actually buying one for themselves.
Car rental companies like our partner, Hertz, are capitalizing on the growing interest in EVs by expanding their EV offerings. Hertz has ordered 340,000 more EVs from Tesla, General Motors and Polestar, aiming to create the largest EV rental fleet in North America. By the end of next year, EVs will represent a quarter of Hertz’s fleet.
The EV rental car market is projected to grow significantly, with the potential to more than double its value by 2027. Hertz sees its EV fleet as an affordable entry point for drivers to experience and use electric vehicles.
While EVs may still cost more to rent than gas-powered vehicles, rental companies are offering discounts and incentives to attract customers – we actively work with Hertz to empower members to burn their loyalty points on these vehicles.
Next stop: rewarding sustainable behavior!