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The declining resale values of electric rental fleet vehicles and consumer reluctance is generating financial headwinds for the global car rental company.
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The latest decision follows a one-third cut in Hertz's existing EV fleet as customers and consumers are not embracing EVs as much as expected.
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In another high profile indicator of consumer EV skepticism, the auto rental giant will sell off the EVs to avoid further financial losses.
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The car rental giant is running into some realities about its electric vehicles prompting a "not so fast" approach to fleet electrification.
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Prior to joining Hertz, Keppy served as Carrier Corporation’s HVAC President for three years.
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The current President and former CEO has helped lead the auto rental company through its restructuring.
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The most powerful electric vehicle charging facility near Los Angeles International Airport equips its operations to handle demand from the rental car company that runs the most electric vehicles.
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High demand for services and elevated levels of fleet usage yielded positive results.
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Partnership with the City of Orlando will expand access to EV rentals, charging infrastructure, education, and training.
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The public-private partnership is aimed at accelerating electric vehicle adoption throughout Atlanta.
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