Get the latest tech news
Hertz is selling 20,000 EVs so it can buy more gas guzzlers
Lots of used Teslas on Hertz’s website right now.
Hertz went from scaling back its electric vehicle ambitions to selling off its actual EVs in the span of three months. The rental car agency said in a regulatory filing today that it will sell 20,000 vehicles, or roughly one-third of its global EV fleet, and use that money to buy gas guzzlers. The decision was made after Hertz reported higher depreciation and damage than expected to its EVs, amounting to $245 million in costs for the company.
Or read this on The Verge
