Hertz’s Big Move Into EVs Turns Out To Be A Dud

The Hertz car rental company is selling roughly one-third of its electric vehicle fleet, the company said in a Thursday regulatory filing to the SEC, according to the Wall Street Journal—highlighting the risk of its first-mover strategy when it comes to EVs. The proceeds from the sale of some 20,000 of its EVs will be used to purchase ICE vehicles, the company said. if(window.innerWidthADVERTISEMENTfreestar.config.enabled_slots.push({ placementName: "oilprice_medrec_atf", slotId: "oilprice_medrec_atf" });';document.write(write_html);} Hertz made the decision to sell off a large portion of the EV inventory it holds due to weaker…