The race to the $25,000 EV in the U.S. car market has been won, but not in the way the auto industry wanted. Since January, Hertz Global Holdings has been in Tesla sales mode, with 20,000 […]
Americans need lower car prices. But not Hertz. “The residual decline … was relative to both ICE vehicles and EVs”: Hertz By Wolf Richter for WOLF STREET. Rental car operator Hertz Global Holdings has had a nasty time […]
Hertz Global Holdings Inc (NASDAQ: HTZ) has raised the number of electric vehicles it plans to sell this year as it is cutting its EV fleet to reduce losses that have weighed on the car […]
In a blow to President Biden’s EV agenda, Hertz is selling about 20,000 electric vehicles it had purchased under a 2021 plan to electrify its rental fleet. Executives at the company pointed to higher costs […]
Daily Standup Top Stories Hertz cites weak demand, high damage costs in decision to downsize EV fleet January 11, 2024 Mariel Alumit Hertz Global Holdings Inc. said Thursday it is selling about 20,000 electric vehicles from […]
Hertz Global Holdings Inc. said Thursday it is selling about 20,000 electric vehicles from its fleet, or about one-third of the total, in the latest sign that the EV revolution is stalling amid weak demand […]
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