It would seem that the Hertz Car Rental Company has had its fill of EVs, if this article from the Daily Telegraph today is correct...
Hit where it Hertz
US rental giant Hertz is selling off thousands of Teslas as weak demand forces it to replace 20,000 electric cars with petrol-powered vehicles.
Hertz said it would sell the vehicles over the next year and expected to take a $245m (£193m) hit as it reversed plans to massively expand its electric car fleet.
The company is selling off a range of makes and models but is expected to offload thousands of Teslas. More than 600 are already listed for sale on its used car website.
Three years ago, Hertz announced plans to buy 100,000 Tesla electric cars, a move that pushed Tesla’s market value beyond $1 trillion.
However, Hertz said renting out electric cars had proved to be less profitable than traditional vehicles and the cars had also come with higher repair costs.
James Titcomb reports…
The comment about repair costs is particularly interesting.....
