It gets really bad if you dare to drive out of state because you get hit with extra mileage fees. For example every year I go camping for a week - driving from the midwest to Utah in a full size suv or truck (need 4wd and space for climbing/camping gear). Last time I ran the numbers (2022) it was around $1500 for a rental for that trip. (1k base rental for a week, 350 for mileage fees, and 180 for towing fee because I like to bring a small teardrop camper)
I've kept a close eye on this since I would love an EV, but it remains much cheaper to keep paying for my ICE vehicle than buying an EV and occasionally renting. There's a huge list of other drawbacks to account for as well:
- the non-financial costs of time spent reserving, picking up, dropping off, fighting surprise fees, etc.
- worrying about damage (most rentals don't allow off pavement driving, or will void insurance if you do)
- the fact that you can't have anything custom (no roof rack for a kayak, no snow tires or chains for driving through the mountains, no winch or recovery points, no interior improvements like stereo or dash cam, the list goes on)