Hertz just revealed plans of switching back to gas-powered vehicles

Hertz Global Holdings Inc (NASDAQ: HTZ) plans on selling 20,000 electric vehicles it currently has in its U.S. fleet. Shares of the car rental company opened in the red on Thursday.Hertz will reinvest in gas-powered vehiclesCopy link to sectionThe Nasdaq-listed firm also confirmed in its regulatory filing today that part of the proceeds from this sale will be used to reinvest in gas-powered vehicles. Hertz cited higher repair costs and weak demand for electric vehicles for the switch that it expects will re ...