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NY ramps up incentive funding for EV charging, vehicle rebates
NY ramps up incentive funding for EV charging, vehicle rebates
Listen to this articleNew York State is making $29 million available for expansion of Level 2 charging infrastructure through Charge Ready NY 2.0 and the Drive Clean Rebate Program.
The incentives are meant to help New York attain a goal of reducing greenhouse gas emissions by 85 percent by 2050 as well as aligning the requirement that all new passenger vehicles sold in the state be zero emission by 2035.
The state added $15 million to the Charge Ready NY 2.0 program to support EV charger installation at workplaces and multifamily communities, as well as public facilities located in disadvantaged communities.
The program can help save 50 percent on installation costs for Level 2 chargers. There is $12 million available to be distributed for workplace and multifamily properties, with $2,000 per port (or $2,500 if in a disadvantaged community).
Publicly owned facilities within a disadvantaged community are eligible for $4,000 per port.
Another $3 million is dedicated for workplaces and multifamily buildings that hold educational “ride and drive” community events, purchase electric vehicle fleets or offer free charging.
The Charge Ready website has more information.
The other $14 million was added to the rebate program to reduce upfront costs on the purchase or lease of a new EV. Point-of-sale rebates range from $500 to $2,000.
“Electric vehicle adoption is rapidly accelerating in New York, and as more drivers make the switch, deploying charging infrastructure to match demand is essential,” Doreen Harris, president and CEO of NYS Energy Research and Development Authority, said in a news release.
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