Hertz to sell off fleet of 20,000 EVs, revert to gas-powered cars
"We took a bold move and are taking a strategic adjustment to our fleet to take 20,000 electric vehicles out of the fleet," Hertz CEO Stephen Scherr said in an interview with CNBC. "It's really to respond to the reality, which is we're trying to bring supply in line with demand and we're addressing a cost issue that happens to be related to the EVs in the context of damage and damage costs."