Hertz Dumps Its EV Fleet Because It Thinks Gas-Powered Cars Can Do Better

Just as surprisingly as it started, Hertz's drive to go electric has ended. The car rental company announced that it's selling about a third of its EV fleet and reinvesting in gas-powered cars. Hertz cites weak demand for electric vehicles, as well as high operating costs for its EV fleet compared to ICE vehicles. On Wednesday, we found out that Hertz is selling many of the Tesla Model 3 and Model Y in its fleet at bargain price... (continue reading...)