New York Governor Kathy Hochul today announced it would loan $60 million to Revel to triple its EV charging infrastructure across New York City.
NY Green Bank (NYGB), the state’s clean energy investment fund and a division of the New York State Energy Research and Development Authority (NYSERDA), is providing the loan to Revel, New York City’s largest provider of public DC fast-charging. It’s NYGB’s first EV charging infrastructure transaction.
The loan will allow Revel to more than triple its current New York City public fast-charging network in 2025. It will pay for the construction of 267 new charging stalls across nine sites and support the design and build of EV charging stations.
Revel will complete construction of the below 178 sites in the next 12 months, with the remainder to be completed by 2027. (Those with asterisks are in disadvantaged communities):
- 60 charging stalls in Maspeth, Queens, which will be the largest fast-charging station in the Northeast US
- 44 charging stalls near LaGuardia Airport, making it the largest fast-charging station near an airport in the US*
- 24 charging stalls at John F. Kennedy International Airport (JFK), making it the largest charging station at the airport*
- 30 charging stalls in Greenpoint, Brooklyn
- 20 charging stalls in the Port Morris section of the Bronx*
Revel broke ground in November at JFK Airport, adjacent to the main rideshare vehicle waiting area, with support from the Port Authority of New York and New Jersey. With funding from NYGB, Revel will now be able to complete the construction of the 24 charging stalls. That site will open in Q1 2025 and is expected to be one of the busiest EV charging stations in the country.
NYSERDA’s president and CEO, Doreen M. Harris, said, “Increasing the state’s charging capabilities is a step forward in ensuring New Yorkers can plug in and drive clean, and we commend Revel’s leadership in this regard in a major hub and in high-impact locations such as major airports.”
Top comment by Scott Faulkender
I have a dark thought that goes against my moral compass...
But it is real and I do think this way.
I don't understand setting up EV chargers in disadvantaged neighborhoods is a good thing.
I think it slows down the transition to EV's.
The people that reside in disadvantaged neighborhoods don't buy EV's. I believe those chargers won't be used. It would be better to build in places that the charger makes money, putting the charging company in a better financial position where it receives a return on investment where ultimately the charger pays for itself.
People that do buy EV's aren't going to travel to a disadvantaged neighborhood to charge up. A woman with 2 kids in the back...
I'm sorry, it just won't happen. It's simply a real thing.
People that do stop, will be stuck at a charger for 30 minutes, and the disadvantaged neighborhood, could take advantage of that.
We talk about the speed of the transition and how important it is to go fast and increase EV adoption rate. I think more chargers in places that will use them would be more effective.
As time goes by, charging station install price should go down and quality go up. Then a charger in a disadvantaged neighborhood could be installed and it's better and cheaper than doing it now.
The disadvantaged neighborhood will follow the same path as it does with ICE vehicles. They buy used ones. But the used EV market is in its infancy. There are only 6 million EV's out of a fleet of 280+ million.
Does anyone else think this way?
Revel charging stations are open to the public on a 24/7 basis for any make and model EV. All chargers installed at future locations will have speeds of at least 320 kilowatts (kW).
Read more: Dandy Mini Marts chooses Tesla to install its first EV chargers
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