YouTube/Hertz
- Hertz said expensive repairs helped inform its decision to downsize its EV fleet.
- The move warns potential EV owners about "hidden" costs.
- Repairs for EVs can cost more than those for gas-powered cars.
Hertz is backtracking on its big EV bet.
The car-rental firm said it's selling 20,000 EVs — about one-third of its electric fleet of Teslas, Volvos, Polestars, and more — partly due to repair and maintenance costs.