Rental car companies are selling off their electric vehicles at discounted prices after their resale values plummeted faster than anticipated.
This move follows Hertz's decision to scale back its plans to acquire 100,000 Teslas due to significant losses on their resale value.
The reduced availability of electric car rentals could make it harder for consumers to experience these vehicles and potentially adopt them.
Rental companies are likely to focus on traditional gasoline-powered cars for the foreseeable future, indicating a shift in their fleet strategy.
