New York state allocates $29 million for EV charging infrastructure and rebates

New York Governor Kathy Hochul has announced $15 million in new funding for Level 2 EV charging infrastructure under Charge Ready NY 2.0 and $14 million for consumer rebates through the Drive Clean Rebate Program.

Charge Ready NY 2.0 allows eligible entities to save up to 50% on installation costs of Level 2 chargers. Funding of $12 million is available for installation of charging stations at workplaces and multifamily buildings, including an incentive of $2,000 per port, or $2,500 per port in a disadvantaged community. Publicly owned facilities in disadvantaged communities are eligible for $4,000 per port, and $3 million is dedicated for workplaces and multifamily buildings that hold educational ride-and-drive community events, purchase electric fleet vehicles or offer free charging.

Funding of $14 million goes to the state’s Drive Clean Rebate program, which is designed to help reduce upfront costs on the purchase or lease of a new EV. Point-of-sale rebates range from $500 to $2,000 on more than 60 currently eligible models purchased through a participating New York state car dealership.

“By installing EV chargers in public places, the state is bringing attention to the growing population that uses electric vehicles,” said New York state Assembly Member William Magnarelli. “It also allows the public to see how accessible EV usage can be.”

Charge Ready NY 2.0 and Drive Clean Rebate support both the state’s Climate Leadership and Community Protection Act goal of reducing GHG emissions by 85% by 2050 and its requirement that all new passenger vehicles sold in the state be electric by 2035.

Source: New York State Governor’s Office

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