Hertz will sell off one-third of its electric vehicles (EVs) and will replace some of its global fleet with gas-powered cars, driven by higher costs and soft demand. The decision to sell off 20,000 ...

GM luxury brand Cadillac says it expects sales of electric vehicles or EVs to account for as much as 35 percent of its business in 2025, with 30 percent as the lower threshold, bucking the relatively ...

To balance ‘a disproportionate number of lower margin rentals and reduce damage expense associated with EVs,’ Hertz’s global electric vehicle fleet will shrink by one-third. To balance ‘a ...

U.S. sales of EVs and hybrids are both soaring, but there’s a key difference that distinguishes EVs: By and large, the ones that are selling well remain priced as luxury goods. That’s one of the ...

Ford said sales of all-electric vehicles increased by 30.2% during the period to a fresh quarterly record of more than 30,600 units. General Motors and Hyundai said EV sales more than doubled during ...