Hertz to launch EV rentals in China

China continues to invest in electric vehicles, signing an agreement with Hertz to rent EVs there and develop the country's electric charging infrastructure.

China continues its quest to lead the global market for electric vehicles. On Wednesday, the Hertz Corporation announced that it was launching its EV rental car business in China.

The service will be China's first electric vehicle rental car service and will make Hertz the first company to offer EV rentals on three continents - it already offers the service in major cities in the U.S. and Europe.

The car rental company entered into a partnership with GE Industrial Solutions China, which plans to develop the country's EV infrastructure and availability. Hertz also agreed to participate in the China (Shanghai) International EV Pilot City program, which will aim to make EV rentals accessible to Shanghai consumers.

"China has committed to rapidly expand electric vehicle travel and Hertz is committed to supporting the ambitious EV Pilot City program," Mark P. Frissora, Hertz Chairman and Chief Executive Officer, said in a statement. "Working with our existing rental car network in China and partners such as GE, we are dedicated to helping build the necessary EV infrastructure in China and to create a new transportation solution that employs the latest technology and harnesses innovations being launched in China today."

The Chinese government selected Shanghai as the international pilot city in hopes of raising awareness about electric vehicles among the public.

China has big plans for EVs. Under its current five-year plan, EVs are one of the country's seven strategic initiatives - meaning that we are likely to see a significant uptick in both EV manufacturing and infrastructure, including charging stations.

Earlier this year the government promised to invest US$15 billion in the industry during the next 10 years. It is also offering a rebate of 60,000RMB (US$9,393 at the current exchange rate) for consumers who purchase an EV.

Photo: Hertz

This post was originally published on Smartplanet.com