EXCERPT:
HEINRICH: “As the Biden Administration pushes Americans to buy electric cars, Hertz is dumping 20,000 electric vehicles in a massive selloff, with the rental car company blaming the decision on higher repair costs and EV depreciation. Madison Scarpino is live with the latest updates on this story for us. Madison, this is very interesting.”
SCARPINO: “Yeah, Jacqui. Hertz is one of the largest rental car companies in the world, and it plans to take the money from selling these Evs and put it towards more gas-powered vehicles to meet customer demand. And if you look at some Teslas that are up for sale on Hertz’s website right now, some are listed for as low as around $20,000.”