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Hertz Hits the Brakes on EVs: Prioritizing Cost Efficiency in Rental Fleet

Rental firm Hertz Global Holdings (HTZ.O) dumped about 20,000 electric vehicles, including Teslas, from its U.S. fleet about two years after a deal with the automaker to offer its vehicles for rent. It plans to reinvest the proceeds into gas cars and expects higher earnings. The move comes as EV demand has cooled, and Hertz has faced significant unanticipated costs in other parts of the business. Hertz will also look at cheaper EVs, like a redesign of the Chevy Bolt

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