Hertz is dealing with substantial financial setbacks after its ambitious investment in electric vehicles (EVs) backfired, leading to a fire sale of thousands of EVs in an attempt to reduce mounting depreciation costs and stabilize […]
Hertz is getting even more desperate to get rid of its rental Tesla cars as it reveals another offloading plan. The company is trying to cut its loss and move on from one of the […]
Hertz has announced another shift in its electric vehicle (EV) strategy, with the rental car giant saying it will delay its purchase of Polestar EVs. In 2022 Hertz announced plans to purchase 65,000 Polestar EVs […]
Hertz says it is reassessing its electric vehicle (EV) strategy due to Tesla’s price reductions and unexpectedly high repair costs. The news was announced during the company’s third-quarter earnings call on Thursday. Hertz initially announced […]
Tesla has made life a lot easier for customers when they rent one of their cars through Hertz with new software that allows them full access through the official Tesla mobile app. Not only will […]
Hertz has been rolling out EVs in the US under its Hertz Electrifies program, and the next stop is Atlanta, where the company plans to put 4,000 EVs on the road, including Teslas. Atlanta has already been […]
Hertz made a splash in 2021 when it announced plans to spend $4.2 billion to purchase 100,000 Tesla vehicles, all of which the company hoped would be in its fleet by the end of 2022. […]
Hertz has announced a new public-private partnership program in the US. The car rental company will collaborate with cities to accelerate the transition to electric vehicles through its own fleets and with charging infrastructure. “Hertz […]
Hertz and Uber are expanding their partnership even further, announcing plans to bring 25,000 electric vehicles (EVs) to Europe. The fleet of EVs will include the Tesla Model 3 and Polestar 2. Hertz kicked off […]
Hertz has seen an increase of twelve per cent in yearly profits since investing in EVs. according to a report by the Cooldown, the company has looked to transition to EVs to optimize its fleet […]
