Hertz
Hertz is a global car rental company with a significant focus on fleet electrification and the development of associated charging infrastructure. While primarily a transport service provider, its strategic investments and partnerships in electric vehicles and charging solutions position it as an operator and developer within the energy transition and transport infrastructure sectors. However, recent strategic shifts indicate a re-evaluation of its EV fleet expansion.
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Automotive Rental CompanyOperatorDeveloperOfftaker
Strategic Overview
- Hertz has pursued an aggressive strategy of fleet electrification, aiming to build one of the largest EV rental fleets in North America.
- The company has formed strategic partnerships with major EV manufacturers (Tesla, Polestar, GM) and charging infrastructure providers (bp pulse, Electrify America) to support its EV strategy.
- A significant strategic shift occurred in early 2024 with the announcement to sell off a portion of its EV fleet due to higher operating costs and lower demand, indicating a re-evaluation of its electrification pace and strategy.
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Subscribe from €20/mo →Key People
Gil West
Chief Executive Officer
Alexandra Brooks
Chief Financial Officer
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