Hertz plans to sell 20,000 EVs, including Teslas, as it returns focus to gas-powered cars
HTZHertz(HTZ) New York Post·2024-01-12 00:43

Rental firm Hertz Global Holdings said Thursday it would sell about 20,000 electric vehicles from its US 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 Elon Musk’s Tesla and Swedish EV maker Polestar among others, fell about 3% at market open.Hertz had said it would order 100,000 Teslas by the end of 2022 and followed that with a decision to buy up to 65,000 units over five years from Polestar.Hertz had ...