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Hertz Axes 20,000 EVs For Gas Cars Over Low Demand, Higher Costs

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In yet another blow to the Biden administration’s attempts to force a “green” (read: extremely not green) energy “transition” as part of the president’s crusade to “end” fossil fuels, the Hertz rental car company has announced that it’s abandoning its electric vehicles and pivoting back to gasoline-powered cars.

On Thursday, Hertz said it was selling off 20,000 of its electric vehicles —roughly one-third of its EV fleet — and will replace them with gas-powered vehicles in its for-rent fleet. [emphasis, links added]

As Axios reported, the company cited the high cost of repairing its EVs as part of its decision to pivot back to good ol’ gasoline vehicles.

As Axios’ report reminded, “[t]he move marks an abrupt reversal by Hertz, which in 2022 announced plans to buy 165,000 EVs from Tesla and Volvo unit Polestar” and said the move means “a $245 million loss” for Hertz.

In 2023, Hertz boasted that it was being recognized by the Biden administration for its “efforts to expand access to electric vehicles across the country,” claiming demand for EV rentals was “growing.”

In a report on the decision, Reuters noted that Hertz’s pivot away from plug-ins is “another sign that EV demand has cooled,” undercutting the company’s plan to have a quarter of its fleet made up of electric vehicles.

Read rest at Townhall

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