Hertz Selling 20,000 EVs in the U.S., to Reinvest in Gas-Powered Vehicles - WSJ

Hertz said Thursday that it would sell about 20,000 EVs in the U.S., and use some of the proceeds to purchase internal-combustion-engine vehicles. The company in a regulatory filing cited weaker demand for electrics, and their higher operating costs. 

Emphasis added.

Hertz previously set a goal to electrify a quarter of its fleet by the end of 2024. On Thursday, the company said it would focus on matching supply with demand and focus on margins.

Bold, outside-the-box strategy.