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.
A dearth of charging stations makes road trips dicey.
This carless New Yorker was determined to rent an electric vehicle for environmental reasons. But from booking to driving, there’s a learning curve.
This carless New Yorker was determined to rent an electric vehicle for environmental reasons. But from booking to driving, there’s a learning curve.
Buying an electric car has become much more complicated because of restrictions on which models qualify for a federal tax credit of up to $7,500.
Hertz had said that it would convert more than 20 percent of its rental fleet to Tesla’s cars, a deal that helped propel Tesla’s stock value beyond $1 trillion for the first time.
The order, which is expected to be delivered by the end of next year, is a sign of the growing momentum in the shift toward electric cars.