Hertz to sell of 10,000 more EVs than originally planned

The Estero-based company says it will get rid of 30,000 electric vehicles this year due to lack of demand and high expenses.


  • By Louis Llovio
  • | 10:00 a.m. April 29, 2024
  • | 0 Free Articles Remaining!
  • Charlotte–Lee–Collier
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The Hertz Co. has upped the number of electronic vehicles it plans to cut from its fleet.

In its first quarter earnings statement released last week, the Estero-based rental car giant said it would now sell off 30,000 of its electric vehicles — 10,000 more vehicles than what it originally announced in January.

The selloff comes almost two years after the company made a big splash announcing it was buying 100,000 cars from Tesla, buying 65,000 from Swedish automaker Polestar and installing 3,000 charging stations nationwide.

 

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