BP’s fleet-charging unit will help Hertz manage its growing fleet of EVs, with chargers that will be available to the public as well.
Vic Shao, who leads BP Pulse's fleet business, told CNBC that the new deal will include software to help Hertz manage the complex task of keeping its growing EV fleet charged and ready to rent.
"When you have gasoline or diesel, you have a scenario where the pricing for the fuel is up or down by maybe you know, 25%, a given year or something like that," Shao told CNBC. But in some markets, like California,"prices can be up and down by 400% a day for electricity." "So when you're operating a large-scale fleet, unless you have a fix on the cost of your 'fuel,' electricity in this case, it's very difficult to scale up. You need to get a handle on the operational expense," he said.
Shao said that BP Pulse's fleet software will help Hertz reduce its electricity costs by scheduling vehicles to recharge at lower-cost times of day, part of helping to manage what he called the"choreographed dance" of keeping a fleet of EVs fully charged and ready for customers. In addition to chargers and software to serve Hertz's own fleet, the two companies plan to build chargers that will be available to the general public, taking advantage of Hertz's high-traffic locations throughout the country. The companies expect ride-hailing drivers, particularly those who rent EVs from Hertz, to be prime customers for those chargers.
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