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Hertz and BP announced today the signing of a memorandum of understanding (MOU) for the development of a national network of EV charging stations powered by recharging brand BP Pulse.

Hertz has locations across North America suitable for a network of fast-charging hubs to serve its customers, including taxi and ride sharing drivers, and the general public.

CEO Stephen Scherr said: “Hertz is accelerating the adoption of electrification by investing in the largest rental fleet of electric vehicles in North America and expanding the availability of charging stations.”

Through large scale purchases from Tesla, Polestar and GM, Hertz has assembled a fleet of tens of thousands of EVs, which are available at 500 locations across 38 states. The objective is for one-quarter of its fleet to be electric by the end of 2024, with continued growth through acquisitions from various EV manufacturers.

Hertz has invested in thousands of charging stations across its locations, and this new deal will enable it to substantially expand its national charging network.

“This is just the start for BP Pulse in the United States,” said CEO Bernard Looney.

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By GlobalData

BP acquired fleet charging and energy management company Amply Power in 2021 and rebranded it BP Pulse, it began installing charging infrastructure at 25 Hertz locations in 2022.