Despite the interest in EVs, cost remains a critical barrier for fleet managers, particularly the larger upfront costs known to deter EV adoption.
The agreement with Cox gives ELMS customers access to more than 6,000 service centers, 3,000 partner locations and 800 mobile technicians nationwide.
The collaboration promotes safe deployment of second-life use for Xos battery packs nearing end-of-life.
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.
The third-party battery health diagnostic tool will strive to become the industry standard to assess the condition and value of EV batteries.
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.
High prices and relatively tight inventory keep more buyers at bay.
The average listing price reached $25,500 as July closed, after surpassing the $25,000 mark for the first time ever in June.
Near-record low new-vehicle inventory and record-high prices will keep certified pre-owned units as very attractive alternatives.
As August opened, inventories were running 53% below 2020 levels and 68% below 2019 levels.
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