(CNN) – Rental car company Hertz is selling off about a third of its electric vehicle fleet and using the money to buy gasoline-powered cars instead. That amounts to about 20,000 electric vehicles.

Hertz Global Holdings plans to sell a third of its US electric vehicle fleet and reinvest in gas-powered cars due to weak demand and high repair costs for its battery-powered options. The sales of ...

A slew of used Teslas have hit the Hertz car sales website after the company announced Thursday it was selling off 20,000 EVs from its fleet. Across the US, there were 657 Teslas to choose from — ...

Hertz’s plans to buy thousands of Teslas, and then thousands of Polestars, earned it plenty of free media coverage when they were announced a couple of years ago. And no doubt the chance to drive the ...

Rental car giant Hertz on Thursday said it will sell about 20,000 electric vehicles from its U.S. fleet. The offloading of those EVs will cut the company’s global EV fleet by roughly one-third, Hertz ...

To balance ‘a disproportionate number of lower margin rentals and reduce damage expense associated with EVs,’ Hertz’s global electric vehicle fleet will shrink by one-third. To balance ‘a ...

Rising repair costs, falling prices and a slump in demand are hammering the value of Hertz’s global EV fleet.

If you’re looking for an electric car bargain and you’re braver than the average bear, you might want to check out Hertz, the car rental agency. After announcing big plans to purchase tens of ...

The rental car company blamed the sharp drop in the value of electric vehicles and higher repair costs for its decision to sell 20,000 cars. By Jack Ewing The rental car company Hertz will be selling ...

Hertz, which has made a big push into electric vehicles in recent years, has decided it’s time to cut back. The company will sell off a third of its electric fleet, totaling roughly 20,000 vehicles, ...

We may receive a commission on purchases made from links. Hertz says it's selling around 20,000 electric vehicles from its US fleet, which constitutes approximately a third of its total number of EVs ...