Hertz has been making an effort to sell off Teslas and other EVs throughout this year, after the company announced in January that it would bemaking a strategic decision to cut its EV fleet by about 20,000 vehicles. Now, according to a spokesperson from the company, its EVs are reaching...
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In the fall of 2021, the rental car company said it would invest in acquiring 100,000 Teslas to help buildits EV fleet.› Hertz said Thursday it "will continue to execute its strategy around EV mobility" and keep making a "wide" selection of vehicles available to its customers. "The ...
Hertz has plenty of electric vehicles, especially Teslas, that it's motivated to sell since pulling back on its aggressive EV plans, at what the rental car company calls 'no-haggle' prices. Nationwide, in most major metros, that means an average sales price o...
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...
It will reinvest some of the proceeds into “purchases of internal combustion engines (ICE) vehicles to meet customer demand.” Hertz didn’t specify which type of EVs would be sold but most of them likely are Teslas since Teslas accounted for about 80% of its EV fleet. While Hertz ...
On the plus side, Hertz has plenty of EVs that it’s motivated to sell at what it calls no-haggle prices. “Our EVs can be found nationwide in most major metros and averaging around $25,000,” said a Hertz spokesperson in an email. All of the Hertz-certified vehicles are given ...
“better balance the supply and expected demand for electric vehicles” and enable the company to “eliminate a disproportionate number of lower-margin rentals and reduce the damage costs associated with electric vehicles”.Bloomberghad reported an additional write-down of 245 million dollars at the ...
Of course, EV price cuts were not the only reason Hertz felt financial pressure during Q3. Used car costs were much higher a year ago and Hertz could sell its vehicles used for more than it would buy them for new. I’d love to hear from you! If you have any comments, concerns, or...
Polestaragreed to waive Hertz’s requirement to buy its allocated number of cars this year, in return for the rental group agreeing not to sell its current Polestar vehicles early or too cheaply, Ingenlath said. Recommended Yanmei Xie China’s cull of EV overcapacity will bring little relief to...