Hertz, BP Ink North American EV Charging Deal
September 27 2022 - 07:51AM
Dow Jones News
By Will Feuer
Car-rental company Hertz Global Holdings Inc. and energy firm BP
PLC said they have signed a deal to develop and manage a network of
electric-vehicle charging stations across North America.
BP Pulse, which is BP's EV charging business, would power and
manage Hertz's charging infrastructure under the memorandum of
understanding, the companies said. The charging infrastructure will
be open to taxi and ride-sharing drivers, as well as the general
public, the companies said.
Hertz, which has inked deals to buy cars from Tesla Inc.,
Polestar and General Motors Co., said it has tens of thousands of
EVs available at 500 locations across 38 states. Its goal is for
one-quarter of its fleet to be electric by the end of 2024, Hertz
said.
The company said it already has invested in thousands of EV
charging stations across its locations. The deal with BP will help
expand its charging footprint.
Demand for electric cars has surged in recent years, but
charging infrastructure across the U.S. has failed to keep pace,
prompting some complaints of challenges in using electric cars,
particularly on long, inter-state trips.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
September 27, 2022 07:36 ET (11:36 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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