Hertz ties up with BP for EV charger installations in North America


FILE PHOTO: Signage is seen at Hertz rental car at John F. Kennedy International Airport in Queens, New York City, U.S., March 30, 2022. REUTERS/Andrew Kelly/File Photo

(Reuters) - Hertz Global Holdings Inc said on Tuesday it has partnered with a unit of oil giant BP to install electric vehicle (EV) charging stations across North America to power its fleet of eco-friendly cars.

The car rental firm, which did not disclose the terms of the deal, aims to electrify one-quarter of its fleet by the end of 2024.

Hertz has made large-scale EV purchases from Tesla Inc, General Motors Co and Polestar amid rising consumer preference for EVs. It has laid out plans to have 3,000 charging stations in North America by the end of 2022.

As per the deal, bp pulse will manage the EV charging hubs, which will be open to Hertz customers as well as the general public.

Bp pulse aims to install more than 100,000 chargers globally by 2030, with about 90% of them being rapid or ultra-fast chargers.

Shares in Hertz were up 3.8% at $16.31 before the bell.

(Reporting by Priyamvada C in Bengaluru; Editing by Vinay Dwivedi)

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Tech News

Getir buys fast grocery rival Gorillas in $1.2 billion deal
Ericsson and Apple end patent-related legal row with licence deal
SAP to stop developing new functions for Business ByDesign software -Handelsblatt
FTX founder Bankman-Fried 'willing to testify' before U.S. House panel - tweet
StanChart told to probe suspicious credit card charges in Hong Kong
US woman, father found dead after her toddler answers phone call from worried co-worker
The hype around esports is fading as investors and sponsors dry up
Elon Musk Twitter leak raises concern about outside data access
‘Honest grandma’, 92, repays US$3mil in debt in 10 years after refusing to declare bankruptcy wins ‘most beautiful’ citizen award in China
French President Emmanuel Macron slams TikTok algorithm over censorship, ‘addiction’

Others Also Read