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The value of used EVs has dropped 33.7% between October 2022 and October 2023, even as the overall used car market dropped only 5.1%, according to data from iSeeCars. Hertz could, however, benefit ...
By Nathan Gomes and Joseph White (Reuters) -Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles, including Teslas, from its U.S. fleet due to higher ...
Jan 11th 2024 at 9:07AM. 11. Hertz Global Holdings will sell about 20,000 electric vehicles (EVs) from its U.S. fleet, the rental firm said on Thursday, citing higher expenses related to collision ...
Hertz announced in January that it would sell 20,000 of the cars in favor of gas-powered vehicles. The rental company couldn’t seem to outrun Tesla’s misfortunes. The rental company couldn’t ...
Hertz, which has made a big push into electric vehicles in recent years, has decided its time to cut back. The company will sell off 20,000 electric vehicles and use the money they bring to ...
Hertz CEO Steven Scherr put the blame for the decision squarely on Tesla, The New York Times reported, saying that Teslas were the largest component of Hertz's fleet, and the automaker's sweeping ...
A third of Hertz’s EV fleet was from Tesla , with the rest coming from Polestar , Volvo , and Chevrolet . For the quarter, Hertz reported an adjusted loss of $1.28 a share, wider than the $0.44 ...
In an annual regulatory filing Tuesday, Hertz Global Holdings Inc. said its rental fleet in the Americas peaked at 428,700 vehicles last year, and that Teslas were 11% of its fleet. That means ...