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Hertz Struggles in the EV Marketplace

Hertz Corporation is experiencing significant challenges related to its investment in electric vehicles (EVs). Their decision to purchase tens of thousands of Tesla vehicles just a few years ago is now proving to be a costly mistake, as the market for used and rental EVs is shrinking. As Tesla reduces the prices of its new cars, the resale values of the vehicles Hertz purchased continue to plummet. This situation has left Hertz in a precarious position, compounded by the fact that many renters lack the knowledge of how to charge these vehicles properly.