Hertz, one of the largest rental car companies in the U.S., is dumping tens of thousands of electric vehicles from its fleet, citing low demand and high repair costs.
“The dramatic about-face, after Hertz announced plans in 2021 to buy 100,000 Tesla Inc. vehicles, underscores the waning demand for all-electric cars in the US,” Bloomberg News reported. “EV sales growth slowed sharply over the course of 2023, rising just 1.3% in the final quarter as consumers were put off by high costs and interest rates.”
U.S. consumers have had serious concerns about the electric vehicle market ranging from the price of the vehicles and the serious lack of charging stations throughout the U.S. to electric vehicles experiencing dramatic losses in their driving range during weather conditions that feature extreme cold or heat.
“The elevated costs associated with EVs persisted,” Hertz Chief Executive Officer Stephen Scherr said. “Efforts to wrestle it down proved to be more challenging.”
The company hopes that its decision to sell off 20,000+ electric vehicles better balances “supply against expected demand of EVs,” it said in a regulatory filing.
Back to Normal 2025 > TRUMP !!!!!
Not so for Marylanders. By 2035, only 11 years from now, all gasoline vehicles will become obsolete because our Governor has banned the sale of gasoline and gasoline powered vehicles.
WELL that will be thrown the hell OUT along with the Democrats by then !!! NOT Happening !!!
SCOTUS will throw it out !!!
Electric Vehicles are Luciferian!
GAS / Oil / Coal are here to STAY Unlike the Democrat Party !!!!! FACT