<
https://www.cnbc.com/2023/05/14/hertz-is-going-electric-with-big-implications-for-ev-and-auto-market.html>
"Consumers may be on the fence about whether it’s yet time to buy EVs, but
car-rental giant Hertz Global Holdings has made the leap.
Markets boosted shares of Estero, Fla.-based Hertz after its recent earnings
report, as first-quarter revenue hit $2 billion and per-share earnings of 39
cents handily beat forecasts of 21 cents a share. But behind the short-term
numbers is the company’s long-term adjustment to big changes in transportation,
tourism and energy: Hertz is going electric.
The company plans to have 25% of its 500,000 vehicle fleet be electric by the
end of 2024, up from 10 percent now, as it accelerates purchases under its
deals to buy 330,000 vehicles from Tesla, Polestar, and General Motors. These
deals began to roll out last year, after Hertz’s first Teslas hit the road in
2021 and experiments with rental EVs extended back over the past decade. GM
vehicles are beginning to arrive in quantity now, Hertz CEO Stephen Scherr said
on the company’s earnings call.
“At the end of [March], we had about 50,000 electric vehicles in our fleet,
comprising approximately 10% of total cars,” Scherr said."
Via
Future Crunch:
<
https://futurecrunch.com/good-news-trachoma-benin-mali-deforestation-brazil-seine-paris/>
Cheers,
*** Xanni ***
