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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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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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How Do the Used and Commercial Clean Vehicle Tax Credits Work?

Blink Charging

Usually when discussing federal electric vehicle tax credits in the United States , most people are referring to the Clean Vehicle Credit (formerly the Qualified Plug-in Electric Drive Motor Vehicle Credit) for new EVs. But that’s not the only federal tax credit for buying an EV.

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Recurrent Reports offer battery and range info for 65,000 used EVs

Charged EVs

Buying any used car is a bit like buying the proverbial pig in a poke, and for an EV, there are additional questions to ponder: What’s the state of the battery, and how much range can I expect? These are the questions that Recurrent Reports aim to help car shoppers answer when buying a used EV. Source: Recurrent

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What EV Drivers Should Know About Leasing an EV This Year

Blink Charging

million domestic sales, to an anticipated 10% by the close of 2024 in the U.S. Here’s what you need to know about using the EV tax credit to lease your new electric vehicle. Clean Vehicle Credits and Leasing The Inflation Reduction Act is a pivotal legislation reshaping the electric vehicle tax credit.

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Hertz’s EV sale to fan cost concerns, dampen used-car market – ET Auto

Baua Electric

“The larger impact of Hertz EV fire sale is the perception hit to the technology,” said Karl Brauer, analyst at used-car aggregator iSeeCars.com. fleet operator of EVs, has blamed the sale on high repair costs and weak demand for the vehicles it offers on rent. Hertz, the largest U.S. Hertz, the largest U.S.

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Tesla Model 3s from Hertz are going for as low as $14,000

Baua Electric

Hertz is starting to sell some of its Tesla Model 3s and they are going for pretty cheap – as low as $14,000 with the used EV tax credit. Back in 2021, Hertz announced an important effort to electrify its fleet of rental cars, led by a massive purchase of 100,000 Tesla Model 3 vehicles. They do tend to get pretty beat up.