Hertz Selling Thousands of EVs Due to High Costs and Slowing Demand
• Hertz is selling 20,000 EVs, including Teslas, due to high repair costs and weak demand • This could further hurt the image of EVs, making mainstream consumers more hesitant to buy • EVs face higher repair costs due to lack of expertise and access to replacement parts • Hertz's CEO cited damage issues, especially with Teslas, forcing limitations on rentals • EV sales growth is slowing in North America - expected to be 27% this year vs 72% last year