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Hertz to sell 20,000 EVs in shift back to gas-powered Cars

Hertz’s shares fell 4.3% to $8.95 as of 10:01 a.m. in New York

Bloomberg News

Hertz Global Holdings Inc. plans to sell a third of its US electric vehicle fleet and reinvest in gas-powered cars due to weak demand and high repair costs for its battery-powered options. The sales of 20,000 EVs began last month and will continue over the course of 2024, the rental giant said Thursday in a […]

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