Rental car service Hertz is selling about 20,000 electric vehicles, including Teslas, from its US fleet, amounting to one-third of its electric fleet. The company cites low demand, high repair costs, and rapid depreciation as reasons for the shift to gas-powered vehicles. The decision has sparked discussions on the state of the EV market and the challenges in transitioning to electric vehicles for businesses.
Hertz's EV sale to fan cost concerns, dampen used-car market https://t.co/hNjDmyYPn1 https://t.co/e9G827Jlgs
“Hertz announced last week that it would be selling roughly a third of its fleet of electric vehicles, or roughly 20,000 cars that are predominately Teslas.” 🤔
⚠️ ANALYSIS-HERTZ'S EV SALE TO FAN COST CONCERNS, DAMPEN USED-CAR MARKET (Reuters) Electric vehicles were already considered expensive and hard to repair. Now their image could take another hit as rental giant Hertz dumps 20,000 of them, including Teslas, for gas-powered cars.… https://t.co/3dCHKPI3Cx
Hertz is offloading some 20,000 electric vehicles (EVs) from its rental fleet, which means now could be a great time to buy a used EV at a good price. https://t.co/66iu3Sy3Mz
Hertz dumps EVs "Hertz will instead opt for gas-powered vehicles, it said on Thursday, citing higher expenses related to collision and damage for EVs" Mass realization that "approved" EV adaption timelines are bogus will shift sentiment on turbo maker $GTX https://t.co/9BHVQUhYW6
Consumers have a lot to learn from Hertz’s epic EV depreciation problem, writes @davidfickling. The firm's loss will be their gain https://t.co/KTE5a2K23d
Hertz Won’t Be The Only Company to Ditch EVs This Year https://t.co/mvUZSpwMZw
.@Hertz is the latest company to ditch EVs—20k, or a third of its EV fleet— due to lack of consumer interest and switch back to gas-powered cars. And it won’t be the last. The chilly reception to EV transition won’t thaw anytime soon. Me @townhallcom https://t.co/pVR3I6Aagp
Rental car company Hertz plans to sell 20,000 of its electric vehicles and replace them with gas-powered vehicles. HIGH REPAIR COSTS + CUSTOMER COMPLAINTS have tanked EVs at Hertz. There's no such thing as a GREEN FREE LUNCH. https://t.co/YYAVfz6wTO
Hertz makes 'agile' decision to shift strategy and sell EVs, Teslas https://t.co/xkUmUV3mGf
Hertz throws in the towel on EV’s and embraces gas-powered cars... https://t.co/PpdIj1Ozb1
Hertz ditches EVs from fleet in latest push for gas-powered cars The Car Coach’s Lauren Fix joins ‘Making Money’ to provide analysis of the electric vehicle market as sales growth continues to fail to meet industry expectations Source: Fox Business (YouTube) https://t.co/V1oHgBaEFG
Hertz selling off 20,000 electric vehicles to buy gas powered cars https://t.co/Gi05wO4Y27
Hertz plans to sell 20,000 EVs, including Teslas... https://t.co/YoTQ0B88oi
Hertz to Sell 20,000 of Its Electric Vehicles, Offers Discounts on Teslas https://t.co/VtYfDJbL0S
Hertz’s sell-off was sparked "due to weak demand and high repair costs for its battery-powered options,” according to Bloomberg. Here is my related article and BATTLEGROUND polling on Biden prioritizing EVs over America's seniors... https://t.co/wcQf5Kl4nZ https://t.co/g5ppJ5KsmT
WHITE HOUSE PRAISED HERTZ FOR 'ACCELERATING THE EV TRANSITION' MONTHS BEFORE COMPANY BEGAN DUMPING EVS (MSN) The White House praised Hertz, one of the four largest car rental companies in the world, for its efforts to "substantially increase" electric vehicle (EV) rentals months… https://t.co/HJsyj13FAO
WATCH: Hertz will sell 20,000 electric vehicles, including Teslas, from its US fleet, making a shift to gas-powered cars https://t.co/3OBFIzTem2 https://t.co/IoRYuX6hfh
Hertz will sell 20,000 electric vehicles, including Teslas, from its US fleet, making a shift to gas-powered cars https://t.co/jom9Xwn44h https://t.co/YWYJ3ZqUSI
WATCH: Rental firm Hertz will dump 20,000 electric vehicles, including Teslas, from its US fleet and transition to gas-powered cars https://t.co/3OBFIzSGwu https://t.co/o1XwD2OdkA
Rental firm Hertz will dump 20,000 electric vehicles, including Teslas, from its US fleet and transition to gas-powered cars https://t.co/jom9Xwn44h https://t.co/HBkLVzSLzP
Hertz, which has made a big push into electric vehicles in recent years, has decided it's time to cut back. The company will sell off a third of its electric fleet and use the money they bring to purchase more gasoline-powered vehicles. 🚘️⛽️💸 https://t.co/gcgu41CQHI https://t.co/5DJmsf7apm
Hertz is selling 20K electric vehicles to buy gasoline cars instead https://t.co/XuSySTuTuu https://t.co/qYPrtfinCz
WATCH: Rental firm Hertz is selling close to 20,000 of the electric vehicles in its US fleet, opting instead for gas-powered vehicles https://t.co/3OBFIzSGwu https://t.co/fU1RbyaTga
Rental firm Hertz is selling close to 20,000 of the electric vehicles in its US fleet, opting instead for gas-powered vehicles https://t.co/jom9Xwn44h https://t.co/57sfgjHEWD
Hertz is selling 20,000 vehicles from its EV fleet. Is that another sign of EV momentum slowing? Perhaps. But it’s more likely a precautionary tale for how businesses should assess new markets — and how not to introduce a new product to your customers. https://t.co/Z3ifYoLrmI
Death of EVs? Hertz Downscaling Total EV Fleet by a Third https://t.co/WVTcR2k61N
I think the people running hertz don't know how to handle EVs. For one they ask people to bring them back fully charged or near which shows they're treating them like gas cars and don't have their own good charging infrastructure. https://t.co/6Q64PgKp6u
Hertz, which has made a big push into electric vehicles in recent years, has decided it's time to cut back. https://t.co/jsYuqS2abp
WATCH: Rental firm Hertz is selling about 20,000 electric vehicles, including Teslas, from its US fleet about two years after a deal with the automaker to offer its vehicles for rent, in another sign of cooling EV demand https://t.co/3OBFIzTem2 https://t.co/Gdr9IxJK0l
Rental firm Hertz is selling about 20,000 electric vehicles, including Teslas, from its US fleet about two years after a deal with the automaker to offer its vehicles for rent, in another sign of cooling EV demand https://t.co/jom9Xwn44h https://t.co/HMTO25Q8Pm
Does this come as a surprise to anyone? @s_guilbeault @GasPriceWizard @dwrightman @FriendsOScience @JohnLeePettim13 Rental giant Hertz dumps EVs, including Teslas, for gas cars https://t.co/vEHIPhXy6z
Hertz is selling its EVs because it botched the rollout for ride-share drivers https://t.co/Ej2GuSjwua
Hertz Is Unloading Hundreds of Teslas for Cheap https://t.co/MUtYl71Q8P
LET'S GO...back ⚡➡⛽ Hertz will sell off a third of its electric fleet, totaling roughly 20,000 vehicles, and use the money to purchase more gasoline-powered vehicles. https://t.co/YlJn9nfcYI https://t.co/pZtaicUznj
Rental car service Hertz will swap one-third of its fleet of electric cars for gas-powered vehicles -- citing low demand, high repair costs and rapid depreciation. https://t.co/7qO4ZIGeg9