EV investments in car rentals

The two biggest companies in the Greek vehicle rental market are launching their largest-ever investments in electric and hybrid vehicles.

Autohellas Hertz is launching the next five-year investment of 300 million euros for the purchase of zero- and low-emission cars as well as the creation of the necessary support and charging infrastructure in its network. Last December, the listed company, which has a fleet of 53,700 vehicles, signed a loan agreement within the framework of the "Greece 2.0" project for the implementation of a €170 million investment plan.

For its part, Avis is launching investments of €400 million to renew its fleet with electric vehicles. Of these, €80 million will be equity and €120 million will come from bank borrowing, with the remaining amount coming from the Recovery Fund. The company has a fleet of 52,000 vehicles, which, according to...