[HOT AIR] Just a few months ago, Hertz committed to making electric vehicles a quarter of its rental fleet. They had already announced an intent to partner with Tesla as a major provider for their future fleet, which had pushed Tesla’s value even higher. Supposedly, the scale of the demand and usage would lower costs across the board and make fleet maintenance all that much easier for Hertz and other rental agencies.Now, however, Hertz has hit reverse — and taken a big hit to its bottom line. Bloomberg reports today that the leading rental company wants to sell off a full third of its existing EVs and replace them with gasoline-powered vehicles:
Related:
Hertz: 2023-12-16 White House takes action to force government workers to travel via electric vehicle, rail
Hertz: 2023-03-18 O.J. Simpson is back
Hertz: 2022-07-01 'Mystery rocket' that crashed into the Moon baffles NASA scientists
Hertz: 2023-12-16 White House takes action to force government workers to travel via electric vehicle, rail
Hertz: 2023-03-18 O.J. Simpson is back
Hertz: 2022-07-01 'Mystery rocket' that crashed into the Moon baffles NASA scientists
Related:
Electric vehicle: 2024-01-10 Government diverts funds from Medicare to EV credits
Electric vehicle: 2024-01-10 Austin has completely failed. The US Army is run from a hospital bed
Electric vehicle: 2024-01-08 Inflation Reduction Act re-routes Medicare savings into tax credits for electric vehicles
Electric vehicle: 2024-01-10 Government diverts funds from Medicare to EV credits
Electric vehicle: 2024-01-10 Austin has completely failed. The US Army is run from a hospital bed
Electric vehicle: 2024-01-08 Inflation Reduction Act re-routes Medicare savings into tax credits for electric vehicles