Hertz Replaces 20,000 EVs with Gas Cars for Sale
Hertz is selling off a third of its electric vehicle fleet, which is predominantly made up of Teslas, and will buy gas cars with some of the money it makes from the sales.
Hertz’s move to slash its EV fleet comes as electric vehicle sales growth has cooled from record highs.
Just two years ago, Hertz announced plans to buy 100,000 EVs from Tesla by the end of 2022.
Instead, as of October 2023, Hertz had only purchased 35,000 Teslas and its entire electric fleet included about 50,000 EVs total.
It announced plans in 2022 to buy up to 175,000 EVs from General Motors, and another 65,000 from Polestar.
