Why Hertz is dropping thousands of electric cars from its fleet
CarExpert
JANUARY 11, 2024
. “The Company’s decision to reduce its EV fleet will result in the recognition, during the fourth quarter of 2023, of approximately $245 million [A$365 million] of incremental net depreciation expense related to the sale,” the company said in a regulatory filing. EV market share in the US was up from 5.9 per cent in 2023.
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