Quarter 1 of 2023 saw Hertz achieve a significant milestone in the journey toward electrifying its fleet. By April, the car rental company had 50,000 electric vehicles, accounting for 10% of the company’s whole fleet. By year’s end, rentals of electric vehicles are also expected to rise by five times to reach 2 million trips. This is an enormous improvement that demonstrates a growing demand for clean, emission-free vehicles, because rentals are continuously increasing as the company’s fleet of zero-emission vehicles expands.
Hertz generated revenue of $2 billion for the first quarter of 2023, which was motivated by a significant increase in demand for…
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