Transportation

BP to invest $1B in EV charging station partnership with Hertz

Image provided by BP and Hertz.

February 23, 2023

BP PLC, expanding on previously announced plans, said it will invest $1 billion in EV charging stations across the U.S. by 2030, according to a press release.

In partnership with Hertz, BP will install fast-charging infrastructure at Hertz locations in U.S. cities, including Atlanta, Austin, Boston, Chicago, Denver, Houston, Miami, New York City, Orlando, Phoenix, San Francisco and Washington, D.C.

Many of the installations will include gigahub locations similar to one at the Los Angeles International Airport that BP and Hertz recently disclosed. The hubs will provide service to taxi and rideshare drivers, automobile rental clients and the general public at high-demand areas like airports.

Hertz's connected vehicle fleet will provide telemetry data to help with the buildout.

BP currently offers 22,000 EV charge points worldwide and aims for more than 100,000 by 2030.

Hertz is creating a fleet of EVs through purchases from Tesla, Polestar and GM.

Hertz's goal is to have one quarter of its fleet electrified by the end of 2024.