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Commercial fleet sales were down more than 14% last month, tying its January decline and continuing a string of monthly losses.
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Year-to-date sales in commercial, rental, and government fleet sectors are scraping 600,000 vehicles sold.
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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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Rental fleet sales gain by a fifth compared to last year while commercial fleet sales dip by double digits.
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In another sign of EV hesitancy, a new survey shows only 1% of business travelers always rent them when using auto rental companies.
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Electric vehicles may seem buggy and expensive now, but prices will inevitably come down as battery technology evolves and EV infrastructure becomes more commonplace.
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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 end-of-year tallies show a healthy 28% annual increase across commercial, rental, and government fleet sectors.
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Bobit releases the latest aggregate numbers for specific fleet sectors as total sales look to close out 2023 well ahead of last year.
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The latest collective figures from the Detroit Big 3 and the Asian Big 6 show a dip in October but sales are still up by a third for the first 10 months of 2023.
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