by Alex Steelsmith
“Hertz is selling 20,000 electric vehicles to buy gasoline cars…
[EVs] have been hurting Hertz’s financials… Hertz expects to take a loss
of about $245 million due to depreciation on the EVs…”
—CNN
Fillable, fuelable
gas-powered vehicles
bolster financials, a
spokesman asserts;
EVs are harming their
profitability.
Who can be faulted? The
company hurtz.
Fiscally riskily,
EVs as rental cars
sometimes depreciate,
analysts learn.
Now it appears that the
company’s managers
underappreciate
them in return.