EV bargains to be found as Hertz sells off some of its electric cars
More than 1,200 EVs are cheap enough to qualify for the used clean vehicle tax credit.
Enlarge / Hertz currently has more than a thousand Bolt EUVs for sale as they leave its rental car fleet. (credit: Chevrolet)
Electric vehicles have many advantages over cars that still use internal combustion engines. They're far more efficient, they're quieter, and they usually have much more torque than their gasoline-powered equivalents. But we're still far from achieving price parity between powertrains. In other words, EVs are expensive.
One place you can find some bargains, though, is the rental company Hertz, which currently has more than 2,100 EVs for sale, more than half of which are affordable enough to qualify for the IRS used clean vehicle tax credit.
Hertz has been adding a lot of EVs to its fleet as part of the company's decarbonization plan. In 2021, it revealed plans to purchase 100,000 Teslas. However, the controversial car maker had delivered fewer than half of those two years later, and long repair times for customer-inflicted damage have seen the rental agency divest itself of many of those Tesla and diversify its fleet, adding plenty of Polestars, Kias, and Chevrolets.