Analysis-Hertz’s EV sale to fan cost concerns, dampen used-car market

  • Home
  • Global
  • Analysis-Hertz’s EV sale to fan cost concerns, dampen used-car market

By Akash Sriram and Nathan Gomes

(Reuters) – Electric vehicles were already considered expensive and hard to repair. Now their image could take another hit as rental giant Hertz dumps 20,000 of them, including Teslas, for gas-powered cars.

Hertz, the largest U.S. fleet operator of EVs, has blamed the sale on high repair costs and weak demand for the vehicles it offers on rent.

Analysts and industry experts believe the move will affect the second-hand market for EVs and dissuade…

Continue reading this news update.

Comments are closed