Zipcar to Feature Latest Advanced Technology Vehicles from Honda

CAMBRIDGE, Mass. and TORRANCE, Calif., April 11, 2012 /PRNewswire/ -- Zipcar, Inc. (Nasdaq: ZIP), the world's leading car sharing network, and American Honda Motor Co., Inc. today announced that Honda has become a Zipcar preferred vehicle manufacturer with a focus on hybrid and electric vehicles. The agreement will give Zipcar members access to Honda's most technologically advanced, lowest emission vehicles, making an already transformational service even more sustainable.

The agreement will include the expansion of Honda's Insight hybrid, the all-new CR-V compact SUV, as well as  the introduction of Fit EV battery electric vehicles (BEV) this fall and Accord Plug-In Sedans, a plug-in hybrid electric (PHEV) version of its popular Accord Sedan, to select Zipcar locations beginning in early 2013. 

Zipcar's platform is ideal for the inclusion of these types of vehicles as it allows urban dwelling tech-savvy drivers to get first hand experience with the new technology and to share those experiences with their networks. It also helps Zipcar respond to member preferences, which consistently rank Honda vehicles as among the most favored.

"The future of mobility is being shaped by economic forces, evolving technology and global trends, from increased urbanization to concerns about climate change to how the newest generation of drivers thinks about transportation," said Scott Griffith, chairman and CEO of Zipcar. "This win-win partnership with Honda adds to Zipcar's array of smart and sustainable transportation options and by introducing Zipsters to Honda's newest hybrid and electric vehicles we can help increase overall awareness of these exciting new technologies."

The agreement with Zipcar builds upon Honda's long history of studying EVs and other alternative fuel vehicle usage in urban transportation settings. 

"Honda provides the most comprehensive lineup of vehicles that offer improved fuel efficiency, reduced emissions, and enhanced vehicle and pedestrian safety, while producing a consistently high level of product quality and value," said Steven Center, vice president of the Environmental Business Development Office at American Honda. "As the car sharing market leader, Zipcar is the best choice for us to showcase our newest energy-efficient transportation technologies, given the strength of their brand, their tech-savvy, conscious and connected members and the geographic reach of their operations."

Honda's 2013 Fit EV, based on its popular Fit hatchback, targets an estimated 123 city-mile per charge (76 mile range combined adjusted city/highway)[1] and can fully recharge its battery in as little as three hours when connected to a 240-volt circuit. The 2013 Honda Accord PHEV uses an all-new, two-motor hybrid system which continuously moves through three different modes – all-electric, with an estimated 15 mile per charge range; gasoline-electric; and direct-drive – to maximize driving and fuel efficiency, especially during city driving.

With this partnership, Zipcar will provide members even greater access to proven Honda models already in Zipcar's service including the Insight, Civic and CR-V. The all-new, five-passenger 2012 Honda CR-V is currently America's best-selling compact SUV providing a more fuel-efficient engine design with upscale exterior styling, and added standard technology features and functionality. Now in its ninth generation, the conventional gasoline-powered 2012 Civic Sedan achieves improved fuel economy. The five-passenger Honda Insight hybrid offers a sleek, aerodynamically styled look, more features and improved fuel economy.

Zipcar is a longstanding pioneer in using advanced vehicle technologies, having been the first car sharing company in the United States to introduce electric vehicles in Boston in 2002, and the first to offer hybrid vehicles through a partnership with Honda in Seattle in 2003.  Member surveys show a strong interest in the use of advanced technology and alternate fuel vehicles in the program.

About Honda
Honda offers a diverse lineup of 11 cars and trucks that include the mid-sized Accord, the compact Civic line-up of seven individual models, CR-V crossover SUV and Odyssey minivan. Honda also offers a wide range of fuel-efficient and low-emission vehicles that include the Insight hybrid, Civic Natural Gas (compressed natural gas-powered vehicle), Civic Hybrid, CR-Z (sport hybrid coupe), FCX Clarity (fuel cell-electric vehicle) and the soon-to-be-released Fit EV (electric vehicle). Honda began operations in the U.S. in 1959 with the establishment of American Honda Motor Co., Inc., Honda's first overseas subsidiary. Honda has been manufacturing automobiles in America, using domestic and globally sourced parts, for nearly 30 years, beginning with production of the Honda Accord in Marysville, Ohio, in 1982.

About Zipcar

Zipcar is the world's leading car-sharing service with approximately 673,000 members and 8,900 vehicles in urban areas and college campuses throughout the United States, Canada, the United Kingdom and Spain. Zipcar offers more than 30 makes and models of self-service vehicles by the hour or day to residents and businesses looking for an alternative to the high costs and hassles of owning a car. More information is available at www.zipcar.com.

Zipcar and the Zipcar logo are trademarks of Zipcar, Inc.

ZIP-F

Press Contacts:
Colleen McCormick
Zipcar - Public Relations
(617) 336-4342
[email protected]

Jonathan Schaffer
Zipcar – Investor Relations
(212) 871-3953
[email protected]

Angie Nucci
Honda Public Relations
(310) 781-4443
[email protected]

Connect with Honda:
Media Newsroom (for journalists): www.hondanews.com
Honda (for consumers): http://automobiles.honda.com
Honda on Facebook: http://www.facebook.com
YouTube: www.youtube.com/honda
Flickr: www.flickr.com/hondanews
Twitter: www.twitter.com/honda
Honda on Google+

[1] 123 city/95 highway mile range (unadjusted); 76 combined mile range (adjusted). Preliminary estimates determined by Honda using EPA methods. Your range will vary. For additional information about EPA test methods, visit http://www.fueleconomy.gov/feg/label/learn-more-electric-label.shtml

SOURCE Zipcar, Inc.

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