12
Jan
17:07
Hertz cuts 20,000 EVs from global fleet
US-based rental car agency Hertz Global Holdings now plans to sell off a third of its global EV fleet and reinvest in internal combustion engine (ICE) vehicles.
The company revealed the move in a regulatory filing on 11 January, noting that it began selling some of the 20,000 EVs last month. Hertz will take a roughly $245 million loss due to depreciation on the EVs in Q4 2023 – an average loss of $12,250 per vehicle, Kallanish understands.
Hertz says it exp…
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Anonymous
Very good overview of the weekly steel market.
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