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The program provides used EVs through a subscription service with a later option to buy.
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The agreement with Cox gives ELMS customers access to more than 6,000 service centers, 3,000 partner locations and 800 mobile technicians nationwide.
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The collaboration promotes safe deployment of second-life use for Xos battery packs nearing end-of-life.
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August figures show sales into rental increased 118% year over year in August and are up 7% compared to the same time period last year.
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The third-party battery health diagnostic tool will strive to become the industry standard to assess the condition and value of EV batteries.
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The decrease in U.S. auto sales is due to historically low new-vehicle inventory levels, which are over 50% lower than they were a year ago.
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High prices and relatively tight inventory keep more buyers at bay.
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Near-record low new-vehicle inventory and record-high prices will keep certified pre-owned units as very attractive alternatives.
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As August opened, inventories were running 53% below 2020 levels and 68% below 2019 levels.
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Large rental, commercial, and government purchases of new vehicles increased 6% compared to this time in 2020, but decreased by 40% from the same time in 2019.
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