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New York to invest $250M in electric car charging infrastructure

New York is investing $250 million into new electric vehicle infrastructure to support EV adoption by consumers.

Gov. Andrew Cuomo announced the funding initiative — which is known as Evolve NY and seeks to expand public adoption of EVs as well as create private-public partnerships through 2025 to support EV growth — on May 31.

The state is committing the $250 million over seven years through the largest state-owned public power utility in the U.S., the New York Power Authority, or NYPA. Evolve NY is a pillar of the Cuomo administration's Charge NY 2.0 initiative to encourage and support electric car adoption by increasing the number of charging stations statewide. A main goal of the initiative is to have at least 10,000 charging stations in place throughout the state by the end of 2021. The Evolve NY investments will be awarded through a competitive procurement process.

NYPA will allocate the first $40 million of funding through the end of 2019 to three programs. Two of those programs focus on establishing private-public initiatives aimed at installing up to 200 direct current fast chargers along key interstate corridors and at or near John F. Kennedy and LaGuardia airports. The third selected program seeks to partner with a NYPA municipal or cooperative distribution utility to support an EV-friendly model community that includes a utility-managed charging platform to ensure affordability, reliability and grid efficiency.

Cuomo in a press release said his administration wants to make electric cars a "viable" and "affordable" choice for consumers while significantly reducing emissions.

"New York has an incredible opportunity to move the needle on greenhouse gas reduction and get more electronic vehicles on the road by building more charging stations to ensure New Yorkers can drive them from one end of the state to the other," Cuomo said.

Additional funding and programs from the Department of Environmental Conservation, the Thruway Authority, the New York State Energy Research and Development Authority and other state agencies, as well as investments by Volkswagen AG subsidiary Electrify America LLC, will complement NYPA's efforts and help bridge any gaps to unlock private investment.