Rental car giant Hertz is looking to offload 20,000 Electric Vehicles (EVs) and reinvest the proceeds of those sales into gas-powered vehicles, according to a report Thursday morning from Bloomberg.
The decision to ditch EVs follows reports from major auto producers last year that demand for the electric vehicles has not lived up to the hype.
General Motors, Honda, and Ford both paused development of EV production facilities last year, citing lackluster demand for the expensive, range-limited vehicles.
Even Tesla, by far the most popular EV maker, warned of a slowdown in sales, while big battery makers expected orders to cool.
None of this, however, has prevented Maine policymakers from forging ahead with plans to mandate the sale of unpopular EVs in the Pine Tree State.
Unlike most major regulatory changes, the Mills Administration has pursued the controversial EV mandate not through the legislative process but through the Board of Environmental Protection, a panel of unelected bureaucrats who are acting on a petition signed by 150 left-wing activists.
The plan was originally scheduled for a vote last year; however, that hearing has been delayed to at least February.
The BEP is anticipated to vote on a mandate requiring that 43 percent of new cars sold in Maine be EVs by model year 2027 and 82 percent by model year 2032.