Hertz Pauses Polestar EV Purchases Amid Resale Value Concerns

The rental car giant reevaluates its electric vehicle strategy, reflecting broader industry challenges with depreciation and maintenance costs.

Polestar and Hertz renegotiate deal to pause EV purchases, aiming to stabilize resale values and avoid market saturation.
Hertz's decision to sell off a significant portion of its Tesla fleet reflects broader concerns over EV depreciation and maintenance costs.
The rental car giant's shift in EV strategy underscores the challenges of transitioning to electric fleets amid fluctuating market demands.
Polestar seeks to secure its position in the EV market by managing supply and maintaining vehicle value, despite funding challenges.
The broader EV market faces a critical juncture as companies navigate resale value concerns, supply issues, and consumer readiness.