Rental car giant Hertz on Thursday said it will sell about 20,000 electric vehicles from its U.S. fleet.

The offloading of those EVs will cut the company’s global EV fleet by roughly one-third, Hertz said in a filing with the Securities and Exchange Commission.

The rental car giant said it would allocate funds it gets from selling the vehicles toward purchasing more internal combustion engine vehicles "to meet customer demand."

You may be able to find used Teslas for under 20k for sale soon from these Hertz used EV sales .