Mayor Adams Partners with Hertz to Add
Electric Vehicles, Create Jobs, and Provide Workforce
Training
NEW
YORK, Sept. 20, 2023 /PRNewswire/ -- During New
York City Climate Week, Hertz (NASDAQ: HTZ) CEO Stephen Scherr and New
York City Mayor Eric Adams
launched "Hertz Electrifies New York City," a public-private
partnership aimed at increasing electric vehicle (EV) adoption and
extending the environmental and economic benefits of
electrification across neighborhoods.
Through the initiative, Hertz intends to add up to 1,700
rental EVs to its local fleet, create 100 new jobs to serve its
growing New York presence, and
partner with four public high schools to create EV education and
training opportunities for students. The partnership also includes
the donation of five EVs from Hertz's fleet to help New York City schools provide hands-on
training to the next generation of auto technicians.
"Hertz is investing in the largest EV rental fleet in
North America," said
Stephen Scherr, Hertz Chair and
CEO. "New York City has always
been on the cutting edge of technology and innovation, making it a
natural accelerator for the most significant transformation that's
happened in the auto industry in a century. We are excited to
partner with Mayor Adams to launch Hertz Electrifies during Climate
Week, helping to make the electric driving experience more
accessible in New York City while
investing in the city's workforce."
"Hertz Electrifies New York City" builds on Mayor Adams'
nation-leading efforts to make vehicles in the city more
sustainable. The administration is rapidly transitioning the city
fleet to electric vehicles and building the necessary
infrastructure to support that transition, while setting a new
national standard by requiring rideshare vehicle companies to be
completely zero-emission or wheelchair-accessible by 2030 and
pursuing a broader agenda to promote driving electric across the
city.
"New York City is in the
driver's seat as we accelerate towards our clean, green, electric
future, and public-private partnerships, like what we're announcing
today with Hertz, will help us get there because to successfully
transition New York City to
electric vehicles and properly fight climate change, everyone must
come along for the ride — from the public to the private sector,"
said New York City Mayor
Eric Adams. "As we celebrate
Climate Week, we're proud to announce an expansion of our
partnership with Hertz. This investment will also make more EVs
available to New Yorkers, while preparing our youth for the
emerging green economy of the future and helping us fight climate
change from behind the wheel."
As part of Hertz Electrifies New York City, Hertz is partnering
with and donating electric vehicles to A-Tech High School in
Brooklyn, Thomas Edison Career and
Technical Education High School in Queens, Alfred E. Smith Career and Technical
Education High School in the Bronx
and Ralph R. McKee Career and Technical Education High School on
Staten Island.
"We are excited to announce this dynamic partnership with Hertz
Electrifies," said First Deputy Mayor Sheena Wright. "Creating a better and more
eco-friendly environment requires more than a singular change.
Through this partnership, not only are we building a cleaner city
by introducing more electric vehicles to New York City, but we are also preparing for
the future by training the next generation of a green economy
workforce."
Additionally, Hertz is sharing telematic insights from its fleet
of connected cars to assist the city in planning for additional
public charging infrastructure across all neighborhoods through its
Hertz Charging Opportunity Index.
As the Mayor's EV initiatives are implemented, Hertz will
continue making its EV fleet available to rideshare drivers in
New York City. To date, more than
50,000 rideshare drivers across the country have rented EVs from
Hertz, logging more than 260 million electric miles.
To support its growing EV presence in New York, Hertz is working with bp to launch
bp pulse fast charging hubs in New
York City, starting with midtown Manhattan. These sites will feature ultra-fast
chargers of 150kW+ designed to serve Hertz customers, taxi and
ride-share drivers, and the public.
New York City is committed to
cutting transportation emissions in half by 2030 and achieving
net-zero transportation emissions by 2050. This requires helping
more New Yorkers walk, bike, and take public transit, and, when
they need to drive, encouraging them to drive electric — a key
component of Mayor Adams' "PlaNYC: Getting Sustainability Done."
The plan commits to ensuring no New Yorker is more than 2.5 miles
from an electric vehicle fast-charging hub, requires parking
garages and lots to make charging available to their customers, and
requires all rideshare vehicles to be either zero-emission or
wheelchair accessible by 2030. The city is also supporting the
electrification of freight vehicles, working to pilot the East
Coast's first low-emissions zone, and creating shared charging
depots for electric trucks. The city is leading by example with its
own fleet, having already replaced nearly 4,500 fossil-fuel powered
vehicles with electric vehicles and operating its own 1,700-port
electric vehicle charging network.
"New York City is always
leading the charge in modeling important transformation for our
country and the city's investment in the green economy is no
different," said DOE Chancellor David C.
Banks. "There's no better way to ensure that we see the
return on that investment than to have our students trained on the
importance of electric vehicles. Not only are we setting our
children up with bold futures in emerging industries, but we are
teaching them to use innovation to create a better tomorrow for
everyone."
New York is the fifth and
largest city to partner with Hertz through Hertz Electrifies
to accelerate consumer adoption of electric vehicles and bring
environmental and economic benefits to communities across the
country.
About Hertz Electrifies
Hertz Electrifies is a 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 works to: (1) expand electric vehicle fleets (2)
accelerate EV charging infrastructure; (3) build education and
training opportunities for jobs of the future; and (4) help broaden
economic opportunity through electrification. For more information
visit www.hertz.com/electrifies.
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.
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 The Hertz Corporation