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So Governor Andrew M. Cuomo announced a new $250 million electric vehicle expansion initiative. It’s called EVolve NY. It’s also being implemented by the New York Power Authority.
So in addition to state funding, the program will also seek to create private sector partnerships through 2025. All most importantly to aggressively accelerate the adoption of electric vehicles throughout New York State. NYPA will also be launching several new innovative initiative. One to consequently co-invest with private sector partners. Also collaborate with partners on identifying new business and ownership models. Moreover it’ll increase customer awareness about electric vehicles and charging.
“Electric vehicles started in Buffalo in 1902,” said Lieutenant Governor Kathy Hochul. “I’m proud of that history, and now we’re moving away from gas vehicles again and toward the future of electric vehicles. This significant investment will add charging stations in key areas. For it is allowing people to travel across the state with the opportunity to recharge. Also it’s encouraging more New Yorkers to use electric vehicles. This investment complements our ambitious energy goals of reducing emissions. All in helping to lower costs and protect the environment.”
Most noteworthy, EVolve NY is a most noteworthy key pillar of the Governor’s Charge NY 2.0 initiative. One which aims to encourage and support electric car adoption. All by increasing the number of fast charging stations statewide. It will help bring the State closer to its goal of installing at least 10,000 EV charging stations by the end of 2021.
Over the next seven years, NYPA is committing up to $250 million. All to partner with the private sector and other key stakeholders. All to attract longer-term private investment and collaborate on programs that will amplify the Governor’s Charge NY 2.0 program. In addition it will address key infrastructure and potential market gaps. The funding will be awarded through the state’s competitive procurement process.
This initiative moreover builds on New York State’s major, multi-agency clean transportation efforts. One making EVs more affordable and accessible. As well as helping accelerate Governor Cuomo’s ambitious Reforming the Energy Vision strategy. One that’s also expected to lead the fight against climate change. Also grow New York’s economy. All by building a cleaner, more resilient and affordable energy system.
In conclusion, New York has a long history of delivering affordable and accessible EV initiatives and infrastructure throughout the state. NYPA is currently installing 400 public chargers at airports, train stations, and municipal parking lots and, as recently announced, high-speed chargers have been installed on the New York State Thruway.
Moreover, additional funding and programs from the Department of Environmental Conservation, the Thruway Authority, the New York State Energy Research and Development Authority and other state agencies. That’s as well as investment by Electrify America. Finally, for it will complement NYPA’s efforts. Therefore it’ll help bridge any gaps to unlock private investment.
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