Hertz Announces Sale of 20,000 Electric Vehicles

• Hertz selling 20,000 EVs due to high damage costs.
• Switching to gas cars for financial reasons.
• Expects $245 million depreciation in Q4 2023.

Hertz Global Holdings (HTZ.O) has revealed plans to sell approximately 20,000 electric vehicles (EVs) from its U.S. fleet, citing increased expenses related to collision and damage as the primary…