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A lot of individuals have their gripes with electrical automobile possession. Truck folks don’t think they’re powerful enough. Individuals who dwell in chilly climates complain that they can’t handle winter weather. Tesla homeowners marvel which recall is coming next. Hertz, however, is frightened about what occurs once they’re completed proudly owning electrical autos.
The Monetary Occasions reported Monday (Feb. 5) that the rental firm’s chief govt Stephen Scherr instructed Polestar CEO Thomas Ingenlath final August that it was pausing new purchases of the Swedish automaker’s automobiles, partially as a result of it’s so tough to eliminate them when the time comes.
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Hertz was as soon as way more smitten by EVs because it added them to its fleet: Each latest press launch the corporate has put out that isn’t about monetary or personnel information is about electrical autos. However the firm has discovered that frequent, expensive repairs are an excessive amount of to cope with — and for that cause, it began selling off a bunch of its Teslas for reasonable final yr.
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Per the FT, Polestar will give Hertz some slack on a buying settlement the 2 firms signed in 2022 if it guarantees to not unload the automobiles it has already purchased too early for too little cash. Neither firm instantly responded to a Quartz request for remark.
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