fromBusiness Insider
1 week agoHertz's multibillion-dollar bet on EVs magnified America's pain points - and soft spots - for electric cars
When Hertz emerged from bankruptcy and went public in 2021, the rental car company made a multi-billion-dollar bet that the future of mobility pointed toward mass electrification and that the time to pivot was immediate. Hertz, the second-largest rental car company in the US, made a bulk purchase of 100,000 Teslas that year - estimated to cost around $4.2 billion and deemed the largest single purchase of EVs ever.
Cars








