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Rental car giant Hertz announced Thursday it will sell about 20,000 electric cars from its fleet in the United States.
The offloading of the vehicles will reduce the company's global EV fleet by one-third, Hertz said in a filing with the Securities and Exchange Commission.
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“The company expects this action to better balance supply against the expected demand for EVs,” the company said.
The offloading of vehicles will reduce the company's global EV fleet by one-third, Hertz said. (Reuters/Stephane Mahe/File Photo/Reuters Photo)
Hertz said it expects EV sales to occur “in an orderly manner during 2024.” Unloading began late last year.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| HTZ | hearts global | 9.04 | -0.32 | -3.37% |
The company announced in October 2021 that it would acquire 100,000 Teslas to help build EV vehicles.
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