As President Donald Trump is trying to freeze funding for a $ 5 billion federal billing program, some states are reinforced.
The launch of EV infrastructure, Revel secured a $ 60 million loan on Monday from the New York Ny Green Bank Net -Energy Investment Fund in more than double the current public public debt network in New York.
The $ 60 million loan is the first for Ny Green Bank, which has not yet funded EV billing infrastructure. Mutual capital participation is a signal so much that New York is committed to electric vehicles and that debt lenders are beginning to see EV billing infrastructure as a return investment.
Funding will help create nine locations throughout the city that will eventually translate into 267 new fast -charging benches by 2027. Over 12 months, Revel intends to complete the construction in five public billing areas with about 158 charging benches, Including it recently announced at John F Kennedy Airport and four more in Queens, Brooklyn and Bronx.
The company broke the ground in November at the JFK area, which expects to open in the first quarter of 2025. As its upcoming station at La Guardia Airport, the JFK area is located near the point where Ride-Hail drivers are waiting for passengers .
Revel’s upcoming location in Maspeth, the Queens will have 60 benches, which would make it one of the largest public charging stations in the nation.
“To support the transition to a clean energy economy, it is crucial to continue to build electric vehicles infrastructure to facilitate the displacement of EV ownership for more New Yorkers, especially those in urban areas,” said New York Governor Kathy Hochul to A statement. “This important investment deals with the basic need to provide power users in New York with the necessary public debt options while reducing local emissions.”
In 2022, the New York State ordered that all new sales or leases of light user passenger vehicles must be zero emissions by 2035.
Revel has also focused on other markets. A Revel spokesman told TechCrunch that the company is continuing to make money, specifically shares and debts, to build more billing stations in California. Revel hopes to launch a website in the Gulf area this year, with care for installing the hatchery electric robot industry.
