Hertz Global Holdings Inc., once a leading advocate for electrifying its vehicle fleet, has announced plans to offload approximately a third of its U.S. electric vehicles (EVs), citing sluggish demand and burdensome maintenance costs, Bloomberg reported.
The move marks a significant retreat from the company’s ambitious electric transition initiated just a few years ago.
“As part of our dedication to personalized service and seamless travel, we offer electric vehicle (EV) rental cars in North America. Our selection of quality electric rental cars – the vehicles of tomorrow – lets you choose a greener way to travel with models from Polestar, Tesla, and more available,” according to the Hertz website.
The company added, “Our broad selection of electric vehicles lets you choose a greener way to travel. Our innovative EV fleet options boast ample power and advanced features that make journeys comfortable and convenient. And with no tailpipe emissions, EVs are helping to make the air in our towns and cities cleaner.”
Hertz began the sale of 20,000 EVs last month, a disposal that is slated to proceed throughout 2024. This divestment was disclosed in a recent regulatory filing where the company also noted an expected non-cash charge of around $245 million for the fourth quarter, attributed to increased net depreciation expenses.
No comments:
Post a Comment