POLESTAR EVS: TOO EXPENSIVE TO OWN, SAYS HERTZ CEO

EV Channels Review

The Hertz CEO's decision to significantly reduce its EV fleet, including backing out of a large Polestar order, highlights a critical issue: the high cost of EV ownership and operation. The reviewer argues that despite the enthusiasm of EV evangelists, the financial realities are proving detrimental, with Hertz finding both Tesla and Polestar ownership prohibitively expensive. This move by Hertz, a major fleet operator, serves as a cautionary tale for individual consumers, suggesting that EV ownership is currently a financially unsound decision. The report also touches on the struggles of Polestar, a company teetering on the brink of bankruptcy, and its reliance on large orders like Hertz's for survival. The reviewer criticizes Polestar's sales tactics in Australia as a 'prick tease' rather than genuine sales, given the long wait times and uncertain pricing. Ultimately, the video concludes that the high cost of EVs is the fundamental problem, making them an objectively poor financial choice for most consumers.