“The company expects to reinvest a portion of the proceeds from the sale of EVs [one-third of the global EV fleet] into the purchase of internal combustion engine vehicles to meet customer demand,” said $HTZ

“This will position the company to eliminate a disproportionate number of lower margin rentals and reduce damage expense associated with EVs."

CNBC from October 2023 about Hertz slowing down on EVs: https://www.cnbc.com/2023/10/26/hertz-pulls-back-on-ev-plans-citing-tesla-price-cuts-repair-costs.html