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Hertz is selling EVs, including Teslas, to buy gasoline models

Green Car Reports

rental fleet to buy gasoline cars. The company said in a filing with the Securities and Exchange Commission (SEC) that the sales of these vehicles, which represent about one third of its global EV fleet, began in Dec. Hertz on Thursday announced that it's selling about 20,000 EVs, including some Teslas, from its U.S.

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Hertz continues to feel EV losses, plans to dump more from its fleet

Teslarati

Hertz ( NASDAQ: HTZ ) reported its earnings for the first quarter of 2024 today, announcing that it is continuing to lose money on its electric vehicle investment and plans to dump even more EVs from its fleet. Hertz said it incurred a $195 million charge to vehicle depreciation to write down the EVs held for sale. Tesla inks $4.2B

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Merchants Fleet intends to buy 12,600 electric light commercial vehicles from GM’s BrightDrop

Green Car Congress

Merchants Fleet, the nation’s fastest-growing fleet management company, plans to further electrify its portfolio with BrightDrop, the new business backed by General Motors, offering electric first-to-last-mile products and software services. Merchants Fleet expects BrightDrop EV600s to enter its clients’ fleets starting in early 2023.

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Hertz to Buy Cadillac Lyriqs and Chevy Silverado EVs to Bolster Electric Rental Fleet

The Truth About Cars

& Hertz already noted plans to buy 175,000 EVs from General Motors by 2027, and the rental giant’s fleet already houses 50,000 EVs, around 10 percent of its inventory. The company said it plans to have one of the most extensive electric fleets in the world, aided heavily by the thousands of new electrics from GM.

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Hylane GmbH buys 18 Hyzon fuel-cell-electric trucks

Green Car Congress

Under Hylane’s sustainable mobility model, fleet owners can deploy Hyzon vehicles in their operations through a rental agreement with Hylane. Hylane has already confirmed rental contracts for the first vehicles and is in talks with numerous prominent transport companies interested in transitioning their fleets to zero-emission options.

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Hertz announces ‘strategic decision’ to slash EV fleet

Teslarati

Hertz announced on Thursday in a regulatory filing with the SEC that it has made a “strategic decision” to slash its electric vehicle fleet by 20,000 vehicles. In the filing , Hertz said the figure is roughly one-third of its global EV fleet. Hertz has health with a major decrease in the value of its EV fleet, it said.

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Hertz Trims EV Fleet With Massive Sell-Off

The Truth About Cars

Hertz found that out the hard way, as it aggressively invested in new EVs for its rental fleet a couple of years ago, only to begin selling them off in 2024. While that splashy announcement likely netted the company new customers, it now has hundreds of EVs on sale as it moves to scale back its fleet.

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