Stay updated with breaking news from Ertz. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Dipset As it turns out, owning a fleet of electric cars for rental might cost more money than its worth. To offset the costs, Hertz is set to offload 20,000 of its used EVs, including a bunch of Teslas, for way less than they cost new. As Bloomberg reports, this move comes as a pretty big […]
Hertz has listed many of its earlier Model 3 and Model Y for sale, with prices starting as low as $17,700 for a 2021 Model 3 SR+ with 70,000 miles. While...
Hertz is selling 20,000 EVs and using some of the proceeds to buy gas-powered vehicles. The company cited demand concerns and higher expenses linked to EV repairs for the decision.
Hertz said Thursday it will sell one-third of its electric vehicle (EV) automobiles to resize its fleet in line with slowing demand growth for emission-free transport.The rental car giant will sell 20,000 EVs in the United States, steering a portion of the funds to purchase "internal combustion engine vehicles to meet customer demand," Hertz said in a securities filing.
Citing low demand for electric vehicles, Hertz said it will sell 20,000 EVs and use the proceeds to buy traditional gas-powered cars.