Hertz decides to slow down its EV expansion

In 2021, Hertz announced that it was going to order 100,000 electric vehicles from Tesla by the end of 2022. Turns out the car rental company is far from being able to reach that number still, and it may take a while to get to 100,000, if it even gets there, because it’s slowing down its plans to electrify its fleet. During the company’s third-quarter earnings call (PDF), CEO Stephen Scherr said Hertz’s “in-fleeting of EVs will be slower than [its] prior expectations.”

Hertz…

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