'Hertz Global Holdings Inc. plans to sell a third of its US electric vehicle fleet and reinvest in gas-powered cars due to weak demand and high repair costs for its battery-powered options.

The sales of 20,000 EVs began last month and will continue over the course of 2024, the rental giant said Thursday in a regulatory filing. Hertz will record a non-cash charge in its fourth-quarter results of about $245 million related to incremental net depreciation expense.'

www.bloomberg.com/news/articles/202...00-evs-in-shift-back-to-gas-powered-cars


Another quote: "One "futurist" EV report claimed that EV dominance would be led by mass EV adoption by fleet operators (like Hertz). Our 2017 report argued the opposite. EVs - with their higher MSRPs, lower range, long refueling times (even on a supercharger), expensive-to-replace batteries - were actually LEAST attractive for fleet.
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Hertz proved us wrong for a moment, by buying almost 100,000 EVs in 2021... until 2024, when they admitted their $600mm mistake."

Master, again and still