"Hertz's Shift: Selling 20,000 Teslas to Prioritize Gasoline Cars"

1 min read
Source: CBS News
"Hertz's Shift: Selling 20,000 Teslas to Prioritize Gasoline Cars"
Photo: CBS News
TL;DR Summary

Hertz is selling 607 ex-rental Teslas, including smaller Model 3s, at prices ranging from $21,557 to $40,886, as it offloads its pricey EVs from its rental fleet. The move comes as Hertz plans to sell 20,000 electric vehicles due to high repair costs, and the average listing price of used Tesla Model 3 cars has fallen below $30,000. Customers buying a used EV are eligible for a $4,000 tax credit, and used EV sales are expected to increase by 40% in 2024.

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