Thursday, January 11, 2024

Hertz will sell electric cars after being burned by Tesla's price cuts

The decision by Hertz to sell one-third of its electric vehicle fleet due to rapid depreciation has raised concerns about the viability of EVs. The company cited high repair costs and an increased likelihood of collisions as contributing factors. Critics, including Senator John Barrasso, seized on the news to argue against Biden administration policies promoting electric vehicles. Hertz CEO Stephen Scherr partly blamed Tesla's price cuts for the depreciation, while also acknowledging the need for further market development. Despite this setback, industry experts emphasize that there is still a growing market for electric vehicles in the United States.

from Economic Times https://ift.tt/2FqlTM4

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Russia says it has handed over 6,060 Ukrainian soldiers' bodies, ready to return more

Russia has given back the bodies of 6,060 Ukrainian soldiers. This happened under agreements from talks in Istanbul. Vladimir Medinsky from ...