Hertz First Car-Rental Company to Deploy a Zero-Emissions All-Electric Bus

Hertz uses the BYD eBUS-12 at LAX

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Oct 24, 2011, 02:59 ET

PARK RIDGE, N.J., Oct. 24, 2011 /PRNewswire/ -- The Hertz Corporation (NYSE: HTZ), the world's largest general use airport car rental brand, announces today the use of BYD's eBUS-12 at Los Angeles International Airport (LAX), the first such use to be conducted by a rental car company. Hertz is testing the all-electric on its main routes to gain data on this new platform.

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"Hertz is aggressively moving forward with its Global EV program, introducing electric vehicles into its worldwide fleet and testing other electric vehicles as they become available," says Mark P. Frissora, Hertz Chairman and Chief Executive Officer. "Hertz's mission is to provide the most technologically advanced mobility solutions to our customers, including the buses we use as part of our everyday operations at airports. We continue Hertz's track record of innovation by being first to deploy an all-electric shuttle bus in the US."

The BYD pure electric eBUS-12 is able to run 155 miles on a single charge in urban conditions, more than enough for Hertz's use at its airport locations, and its energy consumption is less than 100 kWh per 60 miles. The eBUS-12 is designed with the customer in mind, with a low floor and ample space to allow easy passenger loading and unloading and the bus has specially engineered sound insulation for a quieter cabin experience. The eBUS is being tested at Hertz's Los Angeles Airport location, shuttling car rental customers between the terminals and Hertz's rental facility. With a lower cost of ownership than a traditional gas powered bus, replacing just one traditional bus with the eBUS will reduce emissions by over 320 kg of CO2 (per 150 miles traveled) and save Hertz an average of $76* per day, per bus in fuel costs! (*32 gallons of diesel at $3.20/gal are replaced with $25.92 in electricity for $0.08/Kwh -- the night time EV charge rates in LA).

BYD America President, Stella Li, stated, "BYD is thrilled to partner with HERTZ to demonstrate this significant breakthrough in zero-emissions buses. Not only is this eBUS a third less expensive to operate, but the total life-time costs are much less expensive than any other comparable 40-foot bus. Hertz is a leader in electric vehicles and other innovations and we are pleased to see that Hertz is the first rental company to deploy an all-electric bus."

Hertz recently expanded its EV initiative to China, making it the first global rental car company to offer electric vehicles (EVs) on three continents. In its first year, the Hertz Global EV initiative has grown from a vision to a market presence cities around the world including New York, Washington, D.C., San Francisco, London and Shenzhen, offering the most diverse fleet of EVs from manufactures including BYD, Nissan, GM, Mitsubishi, Renault, Daimler and Tesla. Hertz is uniquely positioned to introduce multiple groups of consumers – urban drivers, university students, travelers and corporations – to all-electric and plug-in hybrid vehicles. As part of its strategy, Hertz is forming partnerships with automakers, charging station providers, municipalities, NGOs, corporations and other stakeholders.

Hertz plans to increase its global EV presence by deploying vehicles in other countries in the coming months. Hertz Global EV will continue to leverage the company's rental and car sharing locations as bases for vehicles and charging stations, and tap into its technology – including sophisticated fleet management tools and the consumer-facing GPS systems, including the NeverLost GPS system in the U.S. – to help form an EV grid.

For more information, visit www.hertz.com or www.hertzondemand.com.

About Hertz

Hertz is the largest worldwide airport general use car rental brand operating from more than 8,500 locations in 146 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 81 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Asia, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa and the Middle East. Product and service initiatives such as Hertz #1 Club Gold(R), NeverLost(R) customized, in-car GPS system, SIRIUS XM Satellite Radio, and unique cars and SUVs offered through the Company's Prestige, Fun and Green Collections, set Hertz apart from the competition. The Company also operates the Advantage car rental brand and the global car sharing club Hertz on Demand. And, Hertz operates one of the world's largest equipment rental businesses, Hertz Equipment Rental Corporation, from approximately 325 branches in the United States, Canada, China, France, Spain and Italy.

About BYD:

BYD was ranked #1 at the top of Bloomberg's and BusinessWeek's 2009 Tech 100 List (http://www.businesswire.com/news/home/20100520006751/en/BYD-Tops-Bloomberg-Businessweek%E2%80%99s-12th-Annual-Tech) and is the leading manufacturer of advanced, environmentally-friendly battery technologies like the BYD's Iron Phosphate battery used in BYD electric vehicles and electric buses. BYD's solar panels and LED Lighting systems have CEC, TUV/CE and UL listings, and the company enjoys rapid growth in consumer electronics space and electrified transportation sector manufacturing under its BYD brand. BYD is the fastest-growing Chinese automotive and green energy technology enterprise. The Company trades on the Hong Kong Exchange (HKE) under the ticker numbers (HK.0285 - BYD Electronics) and (HK.1211 - BYD Company Ltd.), as well as on the Shenzhen Stock Exchange under the ticker number (002594 - BYD Company Ltd.). For more information, visit www.byd.com, www.facebook.com/bydcompany or email [email protected].

SOURCE The Hertz Corporation