hertz
New York (AFP) - Hertz said Thursday it will sell one-third of its electric vehicle (EV) automobiles to resize its fleet in line with slowing demand growth for emission-free transport. The rental car giant will sell 20,000 EVs in the United States, steering a portion of the funds to purchase "internal combustion engine vehicles to meet customer demand," Hertz said in a securities filing. "The Company expects this action to better balance supply against expected demand of EVs," said the filing. The action is the latest auto industry move to slow or retreat from earlier targets amid expectations...
AFP
New York (AFP) - US rental car giant Hertz will buy up to 175,000 electric vehicles from General Motors by the end of 2027, the companies announced Tuesday, as the auto industry grapples with concerns over climate change and petroleum dependency. First deliveries, which will consist of BOLT EVs and EUVs, should take place in the first quarter of 2023, according to the joint statement. Subsequent purchases will depend on how fast General Motors (GM) ramps up production of electric vehicles. The automaker says it plans to manufacture one million a year in North America by 2025. Hertz will be ab...
AFP
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