New York state’s Public Service Commission (PSC) approved a historic electric vehicle (EV) infrastructure buildout program in November, increasing its investments in EV charging statewide from $701 million to $1.24 billion, with $372 million in funding for disadvantaged communities. The program also increased the target number of direct current fast-charging stations from 1,500 to 6,302.

The program has a particular focus on New York City. Out of the roughly $542 million funding increase going into the make-ready program for the state’s fast-charging projects, $347 million goes to Con Edison for NYC. This will enable the development of larger charging projects, much like the ones Revel has built in NYC.

New York City has ambitious plans for electrification, and widespread charging facilities are critical to their success. While Level 2 charging from providers such as FLO and itselectric can be beneficial for many New Yorkers, it won’t fully work for the city’s grand plan to electrify the taxi and for-hire vehicle industry by 2030 because they typically need faster charging speeds during the day.

Source: Green Biz

Article by Black Car News

Black Car News provides breaking news, editorial, and information to drivers, owners, and other key players in the New York City for-hire vehicle industry.

See All Articles