Hertz Halts EV Purchases from Polestar as Resale Value Crashes

Car rental giant Hertz has paused the purchase of electric vehicles from manufacturer Polestar as the resale value of the EVs has plummeted, Polestar’s chief executive officer Thomas Ingenlath told the Financial Times on Monday. Hertz, which was an early mover in buying EVs to rent to customers,…

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