Electric vehicles (EV) are turning out to have great appeal to corporate customers, said Stephen Scherr, CEO of Hertz, in a first quarter earnings call. He said use of the cars satisfies the ESG (environmental, social and corporate governance) and carbon footprint objectives of corporate clients. Hertz, said Scherr, now has EV deployed in more than 30 markets in rental car and ride share outlets. He said he would like to see more than 30% of the fleet being electric by the end of 2024. The company’s EV partnership with Uber, he said, continues to grow and stretches over 30 markets in the US. He said there is strong demand because drivers can increase earnings by renting from Hertz versus outright ownership. Hertz reported total first quarter 2022 revenues of $1.8 million, up 40% year over year, and adjusted net income of $403 million versus a loss of $52 million one year prior. In the Americas, quarterly revenue totaled $1.56 billion, up 61% year over year. The region’s fleet expanded to about 373,200 vehicles compared with 300,600 last year. Impressively, said Scherr, strong results this quarter were achieved while corporate and international inbound activity remained considerably below pre-pandemic levels. Corporate bookings, he said, are currently about 63% of 2019 levels, while international inbound bookings are at about 35% of the numbers that year. “There is still considerable demand that can be recovered to get to a normal state of affairs,” Scherr said.