Hertz EV
Hertz has rolled back its ambitious EV plans in recent weeks.
  • Hertz is pausing plans to buy 65,000 EVs from Polestar, the Swedish firm's CEO told the FT.
  • It comes after Hertz said it would sell 20,000 electric vehicles due to high repair costs.
  • It's the latest sign the EV push is stalling as automakers and drivers rethink going electric. 

Hertz is scaling back its EV ambitions.

The rental car giant is pausing plans to buy 65,000 electric cars from EV pioneer Polestar, according to comments made by Polestar CEO Thomas Ingenlath in an interview with The Financial Times.

This comes just weeks after Hertz said it would sell off 20,000 EVs — one-third of its electric vehicle fleet — citing high repair costs as a key reason for this.