Car rental giant Hertz dumps EVs in U.S. in favour of gasoline engines

Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles, including Teslas, from its U.S. fleet due to higher expenses related to collision and damage, and will opt for gas-powered vehicles. Shares of the rental company, which also operates vehicles from Swedish EV maker Polestar among others, fell about four per cent. Tesla’s stock was down about … Read more

Nio ET9 Flagship Sedan: Super Fast Charging, Drive-By-Wire

Chinese EV brand Nio recently held its Nio Day 2023 event, where it launched new charging technologies, gave company updates, and held performances to a crowd of more than 10,000 people in an Olympic stadium. The biggest news was the debut of the ET9 sedan, which Nio describes as a “smart executive flagship.” NIO Scraps … Read more