In line with the investment plans, BP and American car rental company Hertz plan to bring fast charging infrastructure to the latter's locations in major cities


BP announces plans to invest $1bn into EV charge points in the US by 2023. (Credit: BP p.l.c.)

Global energy major BP has announced plans to invest $1bn into electric vehicle (EV) charge points across the US through 2030.

In line with the investment plans, BP is joining forces with American car rental company Hertz to bring fast charging infrastructure to the latter’s locations in major cities. The cities include Atlanta, Boston, Austin, Denver, Chicago, Miami, Houston, New York City, Phoenix, Orlando, San Francisco, and Washington, DC.

BP said that a number of the fast-charging installations will have gigahubs locations.

The large-scale fast charging hubs will cater to car rental customers, rideshare and taxi drivers, and the general public at high-demand locations including airports.

A gigahub location was previously announced by BP and Hertz at the Los Angeles International Airport.

BP America chairman and president Dave Lawler said: “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.”

The partnership between the companies builds on the memorandum of understanding (MOU) signed in 2022.

Under the MoU, BP and Hertz agreed to develop a network of EV charging stations across the latter’s national footprint of locations.

The EV charging stations are powered by BP Pulse, a brand for electrification and charging solution from BP.

Hertz aims to electrify 25% of its fleet by the end of 2024.

Hertz chair and CEO Stephen Scherr said: “As Hertz builds the largest EV rental fleet in North America, it is essential that our millions of customers — including leisure and business travellers, rideshare drivers and corporate clients – have access to a national network of reliable, fast chargers.

“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 globally and aims for over 100,000 points worldwide by 2030.