Sunday, January 14, 2024

Reuters got it right, CNBC green lunatics try to soften the blow: "Rental giant Hertz dumps EVs, including Teslas, for gas cars"

Jan 11 (Reuters) - Rental firm Hertz Global Holdings (HTZ.O) is selling about 20,000 electric vehicles, including Teslas, from its U.S. fleet about two years after a deal with the automaker to offer its vehicles for rent, in another sign that EV demand has cooled.

Hertz will instead opt for gas-powered vehicles, it said on Thursday, citing higher expenses related to collision and damage for EVs even though it had aimed to convert 25% of its fleet to electric by 2024 end.

More.

 

Hertz makes ‘agile’ decision to shift strategy and sell EVs, Teslas