Hertz Commended by White House for Advancing Electric Vehicle Transition

Title: Hertz Global Holdings to Sell 20,000 Electric Vehicles from US Fleet, Citing High Costs

Hertz Global Holdings, one of the leading car rental companies in the United States, has made an announcement that it will sell around 20,000 electric vehicles (EVs) from its US fleet. The decision was primarily motivated by the high costs associated with maintaining and managing the EVs.

Although Hertz will continue to carry out its strategy to promote EV mobility, it will actively manage the size of its EV fleet and the distribution of EVs among different customer segments. This comes as a significant shift in approach for the company, which has been applauded by the White House for its efforts to increase EV rentals and transition its fleet to a more sustainable and electric future.

Recognizing Hertz’s commitment to expanding access to EVs and supporting President Biden’s ambitious goal of having 50% of total vehicle sales be electric by 2030, the White House praised the company’s initiatives. According to a White House official, Hertz’s decision to sell EVs will not hinder the ongoing efforts to meet the administration’s EV targets.

Moreover, the decision by Hertz to sell its EVs will have an unintended positive consequence. It will increase the availability of used EVs in the market, which will make more buyers eligible for a $4,000 tax credit. This incentive will encourage individuals to embrace electric vehicles and contribute to the growth of the EV market.

The Biden administration has been aggressively advocating for the electrification of the transportation sector and pushing for the expansion of federal tax credits for EVs. This move by Hertz aligns with the administration’s vision and reinforces the importance of transitioning to cleaner transportation alternatives.

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Although Hertz’s decision to sell its EVs is driven by cost concerns, it does not negate the overall progress being made towards achieving the ambitious EV goals set by President Biden. In fact, it presents an opportunity to further incentivize the adoption of electric vehicles, fostering a more sustainable future for all.

As Hertz takes this strategic step, the company remains committed to its electric vehicle mobility strategy while navigating the challenges associated with managing its EV fleet. The sale of the EVs will allow Hertz to optimize its operations and contribute to the ongoing shift towards sustainable transportation in the United States.

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