Hertz

Car rental firm Hertz to sell 20,000 EVs for gas-powered vehicles

by

(Reuters) -Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles from its U.S. fleet due to higher expenses related to collision and damage, and will opt for gas-powered vehicles. Shares of the company, which operates vehicles from Tesla Inc and Swedish EV maker Polestar among others, fell about 3% … Read more

Hertz is scaling back its EV ambitions because its Teslas keep getting damaged

by

Rental car company Hertz once envisioned itself as the ultimate EV broker, doling out battery-powered vehicles to business travelers, ridehail drivers, and tech newbies in an ambitious plan to grease the wheels for the EV revolution. The company inked agreements with Tesla and Polestar to buy nearly 200,000 EVs. Tesla’s valuation topped $1 trillion on … Read more