New York Green-Lights Incentives for EV Fast-Charging Stations

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Gov. Andrew M. Cuomo, D-N.Y., has announced that New York is making up to $31.6 million available to ramp up the expansion of
electric vehicle (EV) fast-charging stations.

The plan, approved by the New York State Public Service Commission, will leverage existing New York State Energy Research and Development Authority and New York Power Authority funds to spur the private-sector development of fast-charging infrastructure to support the goal of 800,000 zero-emission vehicles in New York by 2025 — representing nearly one out of every 10 vehicles on the road.

Under the newly approved plan, nearly 1,075 new publicly accessible fast-charging stations will be eligible for annual incentives, with a maximum statewide cost of $31.6 million. These stations will be able to charge a long-range EV in 20 minutes.

“More and more New Yorkers are seeking out cleaner and greener means of transportation, and we must ensure there is necessary infrastructure in place across the state so drivers can travel any distance without fear of losing power,” Cuomo says. “These public-private partnerships will spur the development of this growing industry, create new jobs and advance our aggressive efforts to cut greenhouse-gas emissions.”

This plan will be implemented across the state to encourage the deployment of public stations by providing direct incentives for operators of newly constructed charging stations to address the short-term economic challenges associated with initial low utilization levels. Each investor-owned utility will provide an annual per-plug incentive to support investment in stations. The utilities will work with the developers of the stations to ensure they are conveniently located for consumer access and provide the greatest grid benefits.

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