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Hertz Car Rental to sell 20,000 EVs

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Car rental company Hertz recently announced that it is selling 20,000 EVs, about one-third of the company's electric vehicle fleet. According to reporting from Bloomberg, Hertz has decided to cut back on EV rental cars because of high repair costs and weak demand from its customers.

This announcement was somewhat surprising to industry analysts, because Hertz had previously made big EV purchasing deals with electric vehicle makers like Tesla and Polestar. But if a major rental car company like Hertz is seeing slow demand (and high costs) for electric vehicles, this could be a sign of additional trouble for EV owners. After all, if a big rental car company can't afford the repair costs of EVs, what hope is there for ordinary people who have to pay for EV car insurance and other EV maintenance costs?

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