Why is Hertz selling off 20,000 of its EVs?
In a world where short-term gains often take precedence, recent news of Hertz intention to sell off 20,000 electric cars to revert to petrol engines raises questions about the sustainability mindset of today’s companies. While the decision might be rooted in immediate financial concerns, does it overlook the long-term benefits of cleaner electric vehicles (EVs) – and is that a perspective worth considering?
The financial challenges faced by Hertz with EVs, such as higher damage-repair costs and depreciation, reflect a myopic viewpoint. In contrast, the potential decrease in EV prices with the entry of new competitors could signal positive change. However, it’s crucial to address the broader context of our energy landscape, particularly in New Zealand.
With an annual generation and consumption of 43,500 gigawatt hours, New Zealand relies heavily on renewable energy, contributing over 80% to its electricity production. While one third powers households and industries just over one third, the commercial (manufacturing) sectors consume 25%, leaving minimal amount from transport and agriculture sectors.
The rise of EVs prompts questions about our charging infrastructure and electricity surplus, or in this case lack of it.
Concerns arise about handling increased demand and the potential for drastic price hikes. It is another reason that has led the Ministry of Business, Innovation, and Employment (MBIE) to start to modify building codes progressively. The shift towards low-energy buildings becomes imperative to mitigate challenges associated with increased electricity demand.
Considering that a home is often the most significant investment, it’s prudent to think about future-proofing.
Building an Energy Efficient home aligns with evolving building codes and safeguards against inevitable power cost escalations. The one thing you can guarantee is, that if the demand goes up so will the price! As MBIE guides us towards low-energy structures, investing in an energy-efficient home emerges as a strategic move, offering long-term financial benefits for you and your family and contributing to a sustainable future.
In essence, the journey towards energy-efficient homes in Christchurch is not merely about adhering to regulatory changes; it’s a deliberate choice to align with a global movement towards sustainable living. Choosing to build an energy-efficient home not only secures your investment but also plays a vital role in shaping a healthier, more sustainable environment for generations to come.
To find out more about building an Energy Efficient Home, renovating your existing home or upgrading aspects of your home, contact us today
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Robert Whitehouse,
Energy Efficient Homes