If you’re in the market for a cheap EV, Hertz might be your next destination. The automotive rental giant is looking to off-load a pretty hefty percentage of their EV inventory for around the $20,000 mark.
Hertz is looking to clear at least 30,000 EVs from their fleet until 2025 ranging from Chevrolet Bolts, to Hyundai Konas, and even Teslas.
Hertz estimates that EV depreciation across its fleet is up 89%, which translates to around $537 per car, per month. Then-Hertz CEO Stephen Scherr also added that fixing their EVs isn’t cheap either, with salvage-titled examples bringing the company a larger loss than regular cars.
