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Hertz Is Walking Back A Big Bet On EVs. Here's What's Really Going On
13 Jan 2024 | Abstracted from InsideEVs
"The cash generated from the sales of its EV fleet will be pumped back into meeting demand for rental ICE vehicles. This comes on the heels of Hertz's October announcement that it would be scaling back its EV operations, citing high repair costs and reduced residual value...is this an EV thing, or is it a Tesla thing?
...Hertz and other rental car companies haven't exactly nailed the experience..."
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