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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.

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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. ” Bloomberg first reported the filing.

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Optimal Electric Vehicles secures initial order for 200 EV chassis; partnership with Olathe Ford

Green Car Congress

Optimal Electric Vehicles and Olathe Ford, one of the nation’s largest Ford Commercial Vehicle Centers (CVCs), announced a new partnership in the sales and distribution of Optimal-EV’s E1 series battery-electric cutaway chassis platform. The vehicle can fully charge in about two hours with optional DC fast charging.

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Volkswagen ID.4 to electrify Siemens AG fleet in Germany

Teslarati

Siemens AG is gradually transitioning to an all-electric fleet starting with 1,000 Volkswagen ID.4 “Fleets of companies and public authorities provide significant leverage for the market ramp-up of e-mobility. Therefore, the electrification of vehicle fleets is also of central importance to us at Volkswagen Financial Services.

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Volkswagen Passenger Cars lifts global deliveries of BEV vehicles by 197% and of electric vehicles overall by 158% in 2020

Green Car Congress

In 2020, Volkswagen Passenger Cars delivered more than 212,000 electric cars in total (+158 percent versus 2019), including nearly 134,000 battery electric vehicles (+197 percent versus 2019). This brought the share of BEV and hybrid vehicles in Europe up to 12.4% of the brand’s total deliveries, up from 2.3% In Sweden, the ID.3

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Emerging Fleet Trends—Going Electric

Clean Fleet Report

Converting Fleets to EVs and Adding Roadside Assistance. EVs make a lot of sense for commercial fleets with reduced fuel and maintenance costs and batteries that can be sized to a specific route to eliminate range anxiety. Companies making near and long-range plans for their fleets are no longer merely thinking gasoline or diesel.

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Nikola Tre FCEV receives CARB ZEP Executive Order for HVIP eligibility; $240,000 base incentive per truck

Green Car Congress

Nikola Corporation has received a California Air Resources Board (CARB) Zero Emission Powertrain (ZEP) Executive Order that is a requirement for Nikola’s Tre hydrogen fuel cell electric vehicle (FCEV) to be eligible for CARB’s Hybrid and Zero Emission Truck and Bus Voucher Incentive Project (HVIP) program.

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