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Authored by Mike Shedlock via MishTalk.com,

Hertz is dumping EVs but the decline in the price of used Teslas started long before that.

$2 Billion in Subsidies, Only 2 EV Stations Opened

On January 18, I commented $2 Billion in Subsidies, Only 2 EV Stations Opened, the Holdup is Social Justice

I also stated “EVs are more expensive.” Reader Robert replied ….

Right? Uh … No!

Hertz Is Selling 20,000 EVs Due to Lack of Customer Demand

On January 11, I noted Hertz Is Selling 20,000 EVs Due to Lack of Customer Demand

Add that to the list of inconvenient facts.

Hertz Deals

Want a used Tesla? You can find them at Hertz Car Sales.

Hertz is selling some Tesla Model 3 for as low as about $20,000, about half the purchase price for the cheapest variant of the compact sedan.

Hertz will log a $245 million incremental net depreciation charge.

Only 6 Percent in the US want an EV for their Next Vehicle

Prices are plunging because Only 6 Percent in the US want an EV for their Next Vehicle and the damn things are stacking up on dealer lots and rental car agencies who bet on EVs made a stupid mistake.

Prices were plunging long before Hertz started dumping.

Ford Loses $36,000 on Each EV, Cuts Production of Electric Trucks

In case you missed it, please see Ford Loses $36,000 on Each EV, Cuts Production of Electric Trucks

Demand for EVs is nowhere close to projections so car makers are slashing production.