Get all your news in one place.
100's of premium titles.
One app.
Start reading
Top News
Top News

Hertz's EV Sale Raises Cost Concerns, Dampens Used Car Market

Signage is seen at Hertz rental car at John F. Kennedy International Airport in Queens, New York City

Hertz's recent decision to sell its electric vehicle (EV) fleet has raised concerns about costs and impacted the used-car market. As the world's largest car rental company, Hertz's move has prompted analysis and discussion among industry experts and consumers alike.

The announcement of Hertz's plan to sell its rental EVs came amidst the company's ongoing efforts to restructure its business and emerge from bankruptcy. While the decision aligns with Hertz's strategy to streamline its operations and reduce debt, it has also sparked a debate over the potential ramifications of flooding the market with used electric cars.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.