Hertz’s foray into EVs was supposed to be a win-win: a bold step toward sustainability and a savvy business move to attract eco-conscious customers. Instead, it turned into a financial disaster. The company’s EVs proved to be expensive to maintain, depreciated at an alarming rate, and were less popular with renters than traditional gas-powered vehicles. The result? A $1 billion impairment charge, plummeting stock prices, and the resignation of CEO Stephen Scherr, who admitted the EV push had become a “distraction.”
This isn’t just about Hertz. It’s about the broader agenda being pushed by global elites under the guise of combating climate change. The EV mandate is a Trojan horse for greater government control over our lives, disguised as environmental stewardship. It’s a civil rights grab masquerading as a moral imperative.
The truth is, climate change is junk science. The alarmist predictions of doom have been repeatedly debunked, yet the globalist machine continues to push its agenda, using fear and guilt to manipulate the public. The EV craze is a prime example. Governments and corporations are pouring billions into electric vehicles, ignoring their flaws and the real-world consequences of their policies. Hertz’s experience is a microcosm of what happens when ideology trumps reality...<<<Read More>>>...