Hertz intends to get rid of 30,000 EVs, or 10,000 more than initially planned, as part of its EV downsizing, citing substantial vehicle depreciation that increased $588 million in the first ...

Hertz plans to sell 20,000 electric vehicles (EVs) as it winds down its push to convert a sizable portion of its rental fleet to EVs, the company Thursday said in a regulatory filing, citing the ...

Hertz, which has made a big push into electric vehicles in recent years, has decided its time to cut back. The company will sell off 20,000 electric vehicles and use the money they bring to ...

Today, about 11% of Hertz's cars are electric, and about 80% of those are Tesla models. In 2021, Hertz started going all in on EVs, announcing a plan to buy 100,000 Teslas as part of an effort to ...

Fellow Hertz customer Toan Le reported an even worse experience with their Tesla rental earlier this month. They told us they prepaid $329.83 for a week with a Model 3, and returned the car ...

Hertz is slowing down its EV plans because many of the Teslas in its fleet are getting damaged by Uber drivers. The repairs are costly, and Tesla’s price cuts are causing Hertz’s fleet to lose ...

Rental car company Hertz owes about $270 million in interest to bondholders who were paid off early as a result of the company's 2021 bankruptcy, an appeals court ruled Tuesday.