Photo: bp

• Hertz and bp pulse will install a national network of EV charging stations for Hertz’s EV fleet
• The EV charging hubs will be operated by bp and some will be open to the general public

• bp began building EV charging stations when they bought Chargemaster Ltd. in 2018, the U.K’s largest EV charging network at the time
• The company rebranded as BP Chargemaster and later “bp pulse”, bp’s electrification brand in 2020
• bp currently operates over 9,000 charging points in the U.K., over 3,000 of which are rapid or ultra-fast chargers
• In North America, bp acquired fleet charging company Amply Power in 2021, paving the way for U.S. expansion

• Amply Power, which is now part of bp pulse, had already begun installing charging infrastructure at 25 Hertz rental locations
• Hertz has a stated goal of having 25% of their rental fleet be Electric Vehicles by the end of 2024
• To that end, the company has announced major EV purchases in the past few years:
  • Tesla – 100,000 cars by the end of 2022
  • Polestar – 65,000 cars by 2027
  • GM – 165,000 cars by 2027

• The Biden Administration has set a goal of 500,000 EV charging stations nationwide by 2030
• The country is only around 10% of the way there, with roughly 50,000 charging stations
• Chargepoint (~29,000) and Tesla (~15,000) currently operate a vast majority of charging stations
• BP Pulse is a new entrant in the U.S. EV charging station market, and BP CEO Bernard Looney noted this deal was “just the start for bp pulse in the United States”