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Bp teamed up with Hertz to invest $1 billion to deploy electric vehicle charging piles in the United States.

Bp teamed up with Hertz to invest $1 billion to deploy electric vehicle charging piles in the United States.

2023-02-22

Bp recently announced a new plan to invest $1 billion by 2030 to provide rapid charging infrastructure for car rental company Hertz in major cities in the United States.



These fast charging infrastructures will include many Gigahub large-scale charging centers, covering Atlanta, Austin, Boston, Chicago, Denver, Houston, Miami, new york, Orlando, Phoenix, San Francisco and Washington, D.C..

Hertz is a subsidiary of Hertz Global Holding Company, which operates Hertz, Dollar and Thrifty car rental brands in North America, Europe and other parts of the world.

Previously, bp and Hertz had announced that they would deploy the fast charging facilities in the high places of people flow and traffic flow such as LAX to provide services for carpool customers, taxi drivers, car rental customers and the public.

The electric vehicle charging business is one of bp's five strategic transformation growth engines, and the company expects to significantly increase its investment by 2030. Dave Lawler, chairman and president of bp America, said: "This means that we are providing more and faster charging options for more Americans to accelerate the adoption of electric vehicles."

Hertz and bp signed a memorandum of understanding last year, and planned to establish a network of electric vehicle charging stations at various sites through Hertz, supported by the electrification and charging solution brand bp Pulse.

Stephen Scherr, Chairman and CEO of Hertz, said: "As Hertz builds the largest electric car rental fleet in North America, our millions of customers (including leisure and business travelers, carpool drivers and corporate customers) must be able to access a reliable and fast national network."

Bp said that its goal is to improve its ability to provide customers with low-carbon transportation solutions by expanding the sites of electric vehicle charging and strategic convenience. At present, bp has 22,000 electric vehicle charging stations around the world, and plans to add another 100,000 charging stations around the world by 2030, of which about 90% will be fast charging or ultra-high speed charging stations.

Bp will also invest 50 million pounds in the UK to build a new battery testing center and analysis laboratory for electric vehicles. In India, its joint venture Jio-bp will build a reliable charging infrastructure for Mahindra & Mahindra (M&M) electric SUV.

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