In March, following the announcement that the company would be selling off much of its fleet,former Hertz CEO Stephen Scherr stepped down from the company. Scherr was succeeded by Gil West, the former COO of Delta Airlines and General Motors (GM) self-driving division, Cruise. What are your...
While EV sales in the U.S. more than quadrupled from 2020 to 2023, and now account for more than 9% of total light-duty vehicle sales, thepace of growth has slowedand automakers are focusing more on selling hybrids. Yet the eventual transition to EVs remains inevitable, as sticker prices...
While EV sales in the U.S. more than quadrupled from 2020 to 2023, and now account for more than 9% of total light-duty vehicle sales, thepace of growth has slowedand automakers are focusing more on selling hybrids. Yet the eventual transition to EVs remain...
Hertz has announced that it will sell off roughly 30%, or 20,000 vehicles, of its EV fleet. The move came after it announced a scale-back from its original goal of electrifying 25% of the rental fleet. Hertz's original goal was to acquire 100,000 Tesla and 65,000 from Polesta...
Rental car company Hertz recently announced plans to slow down its electrification strategy by selling off some electric vehicles (EVs), and now the company has halted its plans to purchase EVs from the Polestar. After a filing last month revealed the decision fromHertz to cut its EV fleet by...
The offloading of those EVs will cut the company’sglobal EV fleetby roughly one-third, Hertz said in a filing with the Securities and Exchange Commission. The rental car giant said it would allocate funds it gets from selling the vehicles toward purchasing moreinternal combustion engine vehicles...
You can score Fiat’s EV for even cheaper in some areas. For example, one dealership in Coloradois offeringa $0 for 27 month lease deal with $0 down, making the 500e essentially free. Honda’s Prologue was thethird best-selling EVin the US last month as sales continue surging this...
There will also be an EV-specific booking function on the company's smartphone app. Hertz will be paying sticker price for the Tesla Model 3 vehicles it ordered in a $4.2 billion deal, but it's unclear if it worked out a different financial package with Polestar. This content is imported...
Two and a half years later, the brand is selling off many of those EVs at perilously low prices, and the stock is trading at just 20 percent of its 2021 high. That is the sort of outcome that suggests a huge gamble did not pay off, and as a result, CEO Stephen Scherr is ...
Hyundai Ioniq 9 vs. Tesla Model Y: Does electric SUV beat the bestselling EV? The long-awaited Hyundai Ioniq 9 is finally on the way, after months of waiting for what many hope will be a true competitor to the Kia EV9. The electric SUV is likely to be one of the go-to options ...