New York state launches charging station rebate initiative

New York Governor Andrew Cuomo has announced that $5 million in rebates is now available for the installation of charging stations at workplaces, office buildings, apartment buildings, and public locations such as theaters, malls, parks and retail stores.

Administered by the New York State Energy Research and Development Authority (NYSERDA), the new Charge Ready NY initiative provides a $4,000 rebate per charging port for employers, building owners, municipalities and non-profit organizations to install Level 2 charging stations.

Eligible charging stations can be installed at: public parking lots with at least 10 parking spaces that open to the public at least 12 hours per day; workplaces with at least 10 parking spaces that serve a minimum of 15 employees; and multi-unit housing complexes of 5 or more housing units that have at least 8 parking spaces.

Charge Ready NY rebates can be combined with the state’s existing 50 percent tax credit for installing charging stations, but not with rebates offered by other state entities.

Charge Ready NY is just one of several EV infrastructure initiatives being undertaken in the Empire State. The New York Power Authority recently launched a $250-million initiative called Evolve NY that will create private sector partnerships to install fast charging stations along key transportation corridors and in New York City airports.

“New York continues to lead the nation in reducing our carbon footprint by aggressively investing in clean transportation methods,” Governor Cuomo said. “By expanding public access to electric vehicle charging stations, this program will make it more affordable for New Yorkers to make the switch to an environmentally friendly electric vehicle, resulting in a cleaner, greener New York for all.”

Entities interested in installing a charging station at their locations can visit NYSERDA’s web site for more information.

 

Source: NYSERDA

 

  • Sourabh Sharanathe

    As Global electric vehicle market is driven by government support in the form of subsidies, grants, and tax rebates, an awesome step taken by New York state towards Electric vehicle development.

    At MarketsandMarkets, we have been doing some outstanding research. As Improving charging infrastructure, increasing vehicle range, and reducing cost of batteries have fueled the demand for EVs across the globe. The global electric vehicle sales in 2017 reached 1.19 million units and is projected to grow at a CAGR of 32.57% to reach 10.79 million units by 2025.