Hertz faces challenges with its electric vehicle fleet in the US

businessinsider.com

Hertz incurred nearly half a billion dollars in losses from its electric vehicle fleet, forcing a significant reduction in its EV holdings. The rental car company's ambitious 2021 purchase of 100,000 Teslas proved costly due to factors like driver unfamiliarity, charging infrastructure gaps, and lower-than-expected resale values. Despite the financial setback, Hertz plans to continue purchasing EVs in the future, acknowledging consumer willingness to buy them at attractive prices.


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Hertz faces challenges with its electric vehicle fleet in the US | News Minimalist