electric vehicles in its U.S. fleet
opting instead for gas-powered vehicles
The company had aimed to convert 25%
of its fleet to electric by the end of 2024
It's another sign that demand for EVs has cooled
Hertz cited higher expenses related
to collision and damage for EVs
The vehicles being sold include Teslas, about
two years after a deal with the automaker
Hertz is selling some Model 3's for as low as about $20,000,
nearly half the purchase price for the cheapest variant
The rental company expects about $245 million
in charges related to EV depreciation expenses
