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Washington, Jan 11 (EFE).- The car rental company Hertz informed the United States stock market authorities this Thursday that it began selling about 20,000 electric vehicles (EV) from its fleet and that it will use part of the proceeds obtained to buy gasoline vehicles.
“The company expects to reinvest a portion of the proceeds from the sale of EVs into the purchase of combustion engine vehicles and respond to customer demand,” Hertz said in documents filed with the U.S. Securities and Exchange Commission. (SEC, for its acronym in English).
Hertz noted in the documents that it will assume a cost of about $245 million in the fourth quarter of 2023 in terms of depreciation.
Although in 2021 Hertz announced that it would buy 100,000 Tesla vehicles, which skyrocketed the shares of the electric car manufacturer, and in 2022 it agreed with the Swedish Polestar (owned by Volvo and the Chinese corporation Geely) to acquire another 65,000 EVs, in the In recent months the company has changed its policy.
In October, Hertz CEO Stephen Scherr announced during its third-quarter earnings call that the car rental company would reduce its EV fleet, which is just over 10% of the total, because the higher cost of The operation of these vehicles was affecting its financial results.
As Scherr explained, EVs are more expensive to repair than gasoline cars. EFE
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