Hertz's quick decision to offload 35 Silverado EVs indicates a shift in their strategy, responding to high depreciation and repair costs within their electric vehicle fleet.
Despite Hertz's initial excitement about acquiring a significant fleet of Silverado EVs and Cadillac Lyriqs, the company is now reassessing its electric vehicle ambitions due to financial constraints.
Hertz still rents Silverado EVs, pointing out that their selling off of some trucks is not due to dissatisfaction with the vehicles but a strategic alignment of fleet size with demand.
The company has struggled with depreciation, particularly with Tesla Model 3s, leading to a broader review of their electric vehicle purchases and overall fleet strategy.
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