Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Hertz selling 20,000 EVs from fleet, to reinvest in gas-powered vehicles By: FOX Business January 11, 2024 at 09:56 AM EST Hertz said it will sell about 20,000 electric vehicles from its U.S. fleet. It said it expects the sale of the EVs to "take place in an orderly fashion over the course of 2024." Rental car giant Hertz on Thursday said it will sell about 20,000 electric vehicles from its U.S. fleet.The offloading of the vehicles will cut the company's global EV fleet by one-third, Hertz said in a filing with the Securities and Exchange Commission.GET FOX BUSINESS ON THE GO BY CLICKING HERE"The company expects this action to better balance supply against expected demand of EVs," the company said.Hertz said it expects the sale of the EVs to "take place in an orderly fashion over the course of 2024." It started offloading them late last year.The company said in October 2021 that it would acquire 100,00 Teslas in a move to help build its EV fleet.CLICK HERE TO READ MORE ON FOX BUSINESS Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Hertz selling 20,000 EVs from fleet, to reinvest in gas-powered vehicles By: FOX Business January 11, 2024 at 09:56 AM EST Hertz said it will sell about 20,000 electric vehicles from its U.S. fleet. It said it expects the sale of the EVs to "take place in an orderly fashion over the course of 2024." Rental car giant Hertz on Thursday said it will sell about 20,000 electric vehicles from its U.S. fleet.The offloading of the vehicles will cut the company's global EV fleet by one-third, Hertz said in a filing with the Securities and Exchange Commission.GET FOX BUSINESS ON THE GO BY CLICKING HERE"The company expects this action to better balance supply against expected demand of EVs," the company said.Hertz said it expects the sale of the EVs to "take place in an orderly fashion over the course of 2024." It started offloading them late last year.The company said in October 2021 that it would acquire 100,00 Teslas in a move to help build its EV fleet.CLICK HERE TO READ MORE ON FOX BUSINESS