Hertz wants to stop buying electric vehicles because it can’t sell them

Quite a bit of of us private their gripes with electric automobile ownership. Truck of us don’t judge they’re worthy sufficient. Folks which might maybe well perchance well be residing in frosty climates whinge that they can’t tackle winter climate. Tesla owners wonder which recall is coming next. Hertz, on the alternative hand, is apprehensive about what occurs after they’re carried out owning electric vehicles.

The Monetary Times reported Monday (Feb. 5) that the condo company’s chief govt Stephen Scherr told Polestar CEO Thomas Ingenlath closing August that it used to be pausing contemporary purchases of the Swedish automaker’s cars, in phase because it’s so tough to receive rid of them when the time comes.

Hertz used to be once great extra obsessed with EVs as it added them to its quick: Each fresh press unencumber the company has build out that isn’t about monetary or personnel info is ready electric vehicles. But the company has found that frequent, costly repairs are too great to deal with — and for that reason, it started selling off a bunch of its Teslas for sensible closing one year.

Per the FT, Polestar will give Hertz some slack on a buying agreement the two corporations signed in 2022 if it promises no longer to dump the cars it has already supplied too early for too little money. Neither company straight answered to a Quartz request for instruct.

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