The question we need to ask is whether they will ever be able to recoup the massive capex that they have made on owning the cars and the fixed cost in the form of driver salaries and benefits? The problem will compound when their cars need replacements because the resale value of EVs is not as great as ICE cars due to battery replacement costs..
In the west car rental services which once went gung-ho on EVs are already facing the resales issues and thus scaling back on on EV fleets.
The question we need to ask is whether they will ever be able to recoup the massive capex that they have made on owning the cars and the fixed cost in the form of driver salaries and benefits? The problem will compound when their cars need replacements because the resale value of EVs is not as great as ICE cars due to battery replacement costs..
In the west car rental services which once went gung-ho on EVs are already facing the resales issues and thus scaling back on on EV fleets.
https://markets.businessinsider.com/news/etf/rental-car-companies-back-away-from-hard-to-resell-electric-vehicles-1033556862#:~:text=In%20January%2C%20rental%20car%20giant,value%20is%20because%20Tesla%2C%20Inc.