Hertz’s Big Move Into EVs Turns Out To Be A Dud ...Middle East

The Hertz car rental company is selling roughly one-third of its electric vehicle fleet, the company said in a Thursday regulatory filing to the SEC, according to the Wall Street Journal—highlighting the risk of its first-mover strategy when it comes to EVs. The proceeds from the sale of some 20,000 of its EVs will be used to purchase ICE vehicles, the company said. Hertz made the decision to sell off a large portion of the EV inventory it holds due to weaker demand for EVs from its rental customers. Hertz purchased a sizeable Tesla fleet…

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