bp to Invest $1bn in EV Charging Across US by 2030; to Bring Charging to Hertz locations

Energy giant bp has announced plans to invest $1 billion by 2030 into electric vehicle (EV) charge points across the US. A cornerstone of the investment includes bringing fast charging infrastructure to Hertz locations in major cities, such as Atlanta, Austin, Boston, Chicago, Denver, Houston, Miami, New York City, Orlando, Phoenix, San Francisco and Washington, DC. 

A number of the fast-charging installations will include gigahubs locations. These are large-scale fast charging hubs, such as one location previously announced by bp and Hertz at Los Angeles International Airport (LAX).

The hubs will serve rideshare and taxi drivers, car rental customers and the general public at high-demand locations, such as airports. The buildout will be informed by telematics from Hertz’s fleet of connected cars.

Hertz and bp are developing a network of EV charging stations across Hertz’s national footprint of locations, powered by bp Pulse, bp’s global electrification and charging solution brand.

Hertz’s objective is for one-quarter of its fleet to be electric by the end of 2024. 

Dave Lawler, chairman and president of bp America. “This is about more, faster. We’re bringing more, fast-charging options to more Americans for faster EV adoption. Working alongside Hertz, we’re excited to drive the future of mobility.”

“As Hertz builds the largest EV rental fleet in North America, it is essential that our millions of customers -- including leisure and business travelers, rideshare drivers and corporate clients – have access to a national network of reliable, fast chargers,” adds Stephen Scherr, Hertz chair and CEO. “We are excited to be working with bp to build out charging at Hertz locations across the country, and to leverage telematic insights from the Hertz fleet to ensure that charging is located at the places where our customers need it most.”

bp has 22,000 EV charge points worldwide and aims for more than 100,000 globally by 2030 – around 90% rapid or ultra-fast.