Hertz selling off 20,000 electric vehicles to buy more gas cars in huge U-turn as company faces $245 million loss ...Middle East

HERTZ has made the decision to get rid of their electric vehicles after losing millions of dollars. This is a major change for the motor vehicle company, which has been an advocate for electric cars in the past. Hertz revealed they are selling thousands of their electric vehiclesGetty Depreciation will cost Hertz millions of dollarsGetty A spokesperson for the company has revealed that electric cars have hurt the company, due to the high damage-repair costs and depreciation of its value. “[C]ollision and damage repairs on an EV can often run about twice that associated with a comparable combustion engine vehicle,” Hertz CEO Stephen Scherr said in a recent analyst call. Th

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