
Former Delta Airlines COO Gil West will succeed Scherr, previously a three-decade executive leader at Goldman Sachs, on April 1.
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Managing EV charging expenses and payments can help smooth the transition to running electric fleet vehicles.
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The declining resale values of electric rental fleet vehicles and consumer reluctance is generating financial headwinds for the global car rental company.
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The latest decision follows a one-third cut in Hertz's existing EV fleet as customers and consumers are not embracing EVs as much as expected.
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In another high profile indicator of consumer EV skepticism, the auto rental giant will sell off the EVs to avoid further financial losses.
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The car rental giant is running into some realities about its electric vehicles prompting a "not so fast" approach to fleet electrification.
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The most powerful electric vehicle charging facility near Los Angeles International Airport equips its operations to handle demand from the rental car company that runs the most electric vehicles.
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The car rental operator plans to install a national network of EV charging solutions for Hertz, its customers, and the public, powered by BP Pulse.
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The tally more than doubles last year's comparable period. Orders for Polestars have more than tripled to nearly 23,000 in the same period.
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Availability of the Polestar 2 will be spring 2022 in Europe followed by late 2022 in North America and Australia.
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