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Exro Technologies Inc T.EXRO

Alternate Symbol(s):  EXROF | T.EXRO.WT | T.EXRO.WT.A

Exro Technologies Inc. is a clean technology company. The Company is engaged in developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include e-mobility (Coil Driver) and stationary energy storage (Cell Driver). The Coil Drive technology is an adaptive traction inverter that replaces the standard 3-phase inverter in electric vehicles. Utilizing its patented coil switching technology, the Coil Driver enables the motor to dynamically switch between two modes, series mode optimized for high torque at low speeds, and parallel mode optimized for high power and efficiency at high speeds. The Cell Driver technology is a fully integrated energy storage system designed for commercial and industrial applications. Its SEA-Drive power system provides a complete e-propulsion solution to original equipment manufacturers. It encompasses everything from high-capacity batteries and electric motors to next-generation control units.


TSX:EXRO - Post by User

Comment by nedstar71on Jan 11, 2024 5:01pm
158 Views
Post# 35822489

RE:RE:OT on the real cost of EV maintenance

RE:RE:OT on the real cost of EV maintenance
sorrenson wrote: People renting cars are in hotels in towns they dont know.  So no self  charging  at home, no plugs at hotels and no idea where to find a charging station. Also  rental cars get lots of miles  with vacationers .

No one wants the hassle.

This is in no way reflective of the EV market as a whole.

uggg wrote:

(Bloomberg) — Hertz Global Holdings Inc. plans to sell a third of its US electric vehicle fleet and reinvest in gas-powered cars due to weak demand and high repair costs for its battery-powered options.

The sales of 20,000 EVs began last month and will continue over the course of 2024, the rental giant said Thursday in a regulatory filing. Hertz will record a non-cash charge in its fourth-quarter results of about $245 million related to incremental net depreciation expense.

The dramatic about-face, after Hertz announced plans in 2021 to buy 100,000 Tesla Inc. vehicles, underscores the waning demand for all-electric cars in the US. EV sales growth slowed sharply over the course of 2023, rising just 1.3% in the final quarter as consumers were put off by high costs and interest rates.




While your points are valid, I think saying it is no way reflective of the EV market as a whole is wrong.  A large majority of people in North America don't want to own, rent, or be constrained by an EV whether on their home turf or not, regardless of what left wing media and dictators like Guilbeault and Trudeau would have you believe.  For most, as you say it's just not worth the hassle.  
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