Turo Reports 28% Jump in EV, Hybrid Rentals as U.S. Gas Hits $4.56
Updated
Updated · The New York Times · May 22
Turo Reports 28% Jump in EV, Hybrid Rentals as U.S. Gas Hits $4.56
2 articles · Updated · The New York Times · May 22
Turo said electric and hybrid bookings have risen 28% year over year since mid-April as travelers react to a national average gasoline price of $4.56 a gallon.
Gas prices climbed after the U.S. attack on Iran in February helped push crude oil up more than 50%, leaving pump prices $1.38 above a year earlier, according to AAA.
59% of Americans told WalletHub high gas prices are affecting travel plans, and more than half said they expect to spend less on travel this summer.
Hertz also reported stronger interest in electrified rentals, but the savings case is less clear for fully electric cars because renters often pay higher commercial charging rates and lose time recharging.
As rental giants curb EV fleets over high costs, can the electric rental boom truly last?
Is America's charging grid ready for a summer travel surge fueled by EV rentals?
Beyond the pump price, what is the hidden time and convenience cost of renting an electric car?