While electric vehicles are theoretically cheaper to maintain than gasoline vehicles, why is it less cost-effective for leasing companies to have a fleet of Tesla?
The low cost of electric car maintenance is the main incentive for many people to change their cars, less complicated engine and gearbox maintenance, coupled with the fact that electricity is cheaper than fuel money, and the brake consumption saved by the kinetic energy ** system, for ordinary people, it is indeed more economical to raise electric vehicles. But leasing company Sixt is starting to abandon Tesla for two main reasons.
The main reason comes from the electric vehicle ** war, Sixt has been Tesla's business partner in Europe since 2014, and after 2020, the Model 3 Y has been introduced on a large scale to continuously expand the lineup of pure electric vehicles. Unexpectedly, at the end of 2022, Tesla began to continuously reduce the price of new cars, which was a big harm to leasing companies.
Generally speaking, car rental companies will provide new cars for customers to use within 5 years, and vehicles that exceed the age will be resold, but Tesla has slashed prices, hitting used cars hard**, and the Model 3 Y, which was originally expected to have a certain degree of value retention, suddenly changed hands and plummeted, which is the main reason why Sixt decided to say goodbye to Tesla.
The second reason comes from the maintenance cost, although the maintenance cost is cheap, but under the conditions of high mileage in commercial use and constant change of driving, the probability of vehicle damage is also greatly increased, and Tesla's repair cost is much higher than that of ordinary fuel vehicles, which also raises the cost of car rental companies.
Encountering a similar situation with Sixt, there is also the Hertz team in the United States, the Tesla they bought happened to be the highest during the period, and now not only the price is reduced, but also the Model 3 revision, which makes it even worse. Hertz has already announced that they will be slowing down the pace of fleet electrification to stop the bleeding in future earnings.
Although Sixt has decided to say goodbye to Tesla, their electrification has not stopped, and they expect to complete the goal of 90% electrification by 2030. They have already signed an order with BYD for 100,000 pure electric vehicles in 2022, and are likely to expand the number of orders to fill the gap of Tesla's exit.
Header image**: sixt).