WASHINGTON, Jan. 19,
2023 /PRNewswire/ -- Today, Hertz (NASDAQ: HTZ)
announced a new public-private partnership initiative, Hertz
Electrifies, aimed at accelerating the transition to electric
vehicles, while creating economic opportunity and environmental
benefits for communities. In partnership with mayors across the
country, Hertz will bring its EV fleet to American cities, while
supporting the build out of charging infrastructure, creating
educational and training opportunities for high-quality jobs in a
new era of mobility, and engaging with local organizations to
extend the benefits of electrification to underserved communities.
Hertz Electrifies is launching in Denver, Colorado in partnership with Mayor
Michael B. Hancock.
"Electric vehicles are poised to transform
the future of mobility," Hertz CEO Stephen
Scherr
"Electric vehicles are poised to transform the future of
mobility," said Hertz CEO Stephen
Scherr. "That's why Hertz is investing in the largest
electric vehicle rental fleet in North
America and bringing a new driving experience to leisure and
business customers, as well as rideshare drivers. I can think of no
better partner in Hertz's shift towards electrification than
America's cities, where innovation is happening. Hertz is proud to
launch Hertz Electrifies in partnership with the city of
Denver, which is fast becoming a
center for sustainability under the leadership of Mayor
Michael Hancock."
Through the initiative, Hertz aims to:
- Bring up to 5,200 rental EVs to Denver, for availability to Hertz customers
and rideshare drivers;
- Increase charging capacity at the Denver International Airport and at Hertz
locations through installation of a mix of Level 2 and fast
chargers;
- In partnership with bp pulse, a global high-speed electric
charging network, support the installation of publicly accessible
EV chargers across neighborhoods in Denver;
- Share telematics from Hertz's fleet of connected cars to help
inform public charging infrastructure planning;
- Offer summer job opportunities through the Denver Youth
Employment Program; and
- Provide electric vehicles, tools and training to Montbello
Career and Technical High School for students enrolled in its auto
certificate program.
"Our goal is to reduce Denver's
carbon emissions 80 percent by 2050, and expanding the use and
availability of electric vehicles will play a major role in helping
us achieve that goal. This partnership with Hertz will provide
invaluable data about where we need charging infrastructure the
most, as well as provide new opportunities with this new technology
to create good-paying jobs for our current and future workforce,"
said Denver Mayor Michael B. Hancock. "Electric vehicles can
benefit every community in Denver,
and we're proud to work with Hertz to ensure that electrification
opportunities reach across the city."
"This is integrated energy in action," said Denver native and bp America chairman and
president Dave Lawler. "bp is
transitioning for a lower carbon future, and our partnership with
Hertz to roll out gigahub charging in the US will help the world do
the same. Dynamic urban centers like Denver are a priority focus – and we're just
getting started.'"
About Hertz Electrifies
Hertz Electrifies is a new public-private partnership
aimed at furthering the mainstream adoption of electric vehicles
and extending the benefits of electrification to communities
throughout the United States. The
initiative has five pillars: (1) electric vehicle and charging
infrastructure; (2) creating jobs of the future; (3) broadening
economic opportunity; (4) community engagement; and (5) policy and
city planning analysis.
- Adding Electric Vehicle Fleets and Charging
Infrastructure: Hertz will expand its electric vehicle fleets –
including models from Tesla, Polestar, and GM – and help add
charging capacity to Hertz locations in Hertz Electrifies
cities. Hertz will support new public charging infrastructure
through its partnerships with bp pulse and others.
- Creating Jobs of the Future: Hertz is developing a
workforce training curriculum focused on servicing and maintaining
EVs and will partner with local institutions in Hertz
Electrifies cities to build qualified pipelines of skilled
workers for these high-quality jobs. Hertz will also partner with
cities to provide summer job opportunities and skills training for
young people in underserved communities.
- Broadening Economic Opportunity: Hertz provides
rideshare drivers with the opportunity to rent electric vehicles
with flexible contracts, offering positive economics for drivers in
the form of higher rates and lower fuel costs, while reducing
greenhouse gas emissions in the community.
- Community Engagement: As a mobility partner, Hertz will
partner with cities and nonprofit organizations to put EVs and
other vehicles into service in underserved communities.
- Policy and City Planning Analysis: Hertz will share
telematics from its fleet of connected cars to help inform public
charging infrastructure planning.
About Hertz
The Hertz Corporation, a subsidiary of Hertz Global Holdings,
Inc., operates the Hertz, Dollar and Thrifty vehicle rental brands
throughout North America,
Europe, the Caribbean, Latin
America, Africa, the
Middle East, Asia, Australia and New
Zealand. The Hertz Corporation is one of the largest
worldwide vehicle rental companies, and the Hertz brand is one of
the most recognized globally. Additionally, The Hertz Corporation
operates the Firefly vehicle rental brand and Hertz 24/7 car
sharing business in international markets and sells vehicles
through Hertz Car Sales. For more information about The Hertz
Corporation, visit www.hertz.com. Hertz has tens of thousands of
EVs available at more than 500 Hertz locations across 38
states.
About The City of Denver
The City of Denver is the
capital of Colorado and home to
over 700,000 residents. Known as the Mile High City for its
5,280-foot elevation, Denver
serves as the gateway to the Rocky Mountains and is home to one of
the largest city park systems in the country. Under Mayor Hancock's
leadership, Denver has become
known as a top U.S. city for startups and entrepreneurship,
especially for minority and women-owned businesses, one of the best
places to live and is working to make sure that all residents, no
matter which background they represent, can experience the success
that Denver has experienced.
Cautionary Note Concerning Forward-Looking Statements
This press release contains "forward-looking statements"
within the meaning of the federal securities laws. Words such
as "aim," "create," "accelerate," "transition," "will," "build,"
"future," "transform," "invest," "shift," "launch," "increase,"
"initiative," "expand," add," and "develop," and similar
expressions identify forward-looking statements, which include but
are not limited to statements related to the expansion of Hertz's
EV fleet and its partnership with Uber, installation of charging
infrastructure including in partnership with bp, and any other
statements regarding future expectations, beliefs, plans,
objectives, future events or performance. We caution you that
these statements are not guarantees of future performance and are
subject to numerous evolving risks and uncertainties that we may
not be able to accurately predict or assess, including Hertz's
ability to expand its EV fleet, develop and install sufficient EV
charging infrastructure, and otherwise execute on its strategic
plans, as well as other factors identified in the risk factors of
Hertz's Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the Securities
and Exchange Commission (the "SEC") on February 23, 2022 and any updates thereto in
subsequent filings with the SEC including in Hertz's Quarterly
Reports on Form 10-Q. We caution you not to place undue reliance on
our forward-looking statements, which speak only as of their date,
and Hertz undertakes no obligation to update this information.
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SOURCE Hertz