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Dubai News Club > Tech > Hertz is scaling back its EV ambitions because its Teslas keep getting damaged
Tech

Hertz is scaling back its EV ambitions because its Teslas keep getting damaged

Press Room
Last updated: 2023/10/27
Press Room
Published: October 27, 2023
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Rental car company Hertz once envisioned itself as the ultimate EV broker, doling out battery-powered vehicles to business travelers, ridehail drivers, and tech newbies in an ambitious plan to grease the wheels for the EV revolution. The company inked agreements with Tesla and Polestar to buy nearly 200,000 EVs. Tesla’s valuation topped $1 trillion on the news.

But like many other aspects of the EV switch, that plan is running into some headwinds. This week, Hertz said it was tapping the…

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