Hertz is reducing its EV fleet by offering rentals the chance to purchase at discounted prices due to higher repair costs and declining resale values.
The company aims to sell 30,000 EVs while allowing customers to view rentals as potential test drives for affordable purchases.
Despite an initial investment of $4.2 billion for 100,000 Teslas, Hertz’s electric vehicle strategy faced challenges with demand and resale values.
Some rental customers have received enticing offers on Teslas, with prices significantly below the market value, as part of Hertz's sales initiative.
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