New York State Announces $29 Million in New Funding for Electric Vehicle Rebates and Charging Infrastructure

New York State has announced it will apply $29 million toward electric vehicle Level 2 charging infrastructure under Charge Ready NY 2.0 and consumer rebates through the Drive Clean Rebate Program.

 The incentive and rebate programs make it easier for more New Yorkers to drive electric, as New York State reached a milestone of 150,000 EVs on the road in June 2023. 

This announcement is meant to enable the Climate Leadership and Community Protection Act goal to reduce greenhouse gas emissions by 85 percent by 2050 and New York State's requirement that all new passenger cars, pickup trucks, and SUVs sold in the State be zero emission by 2035.

Today's announcement includes $15 million added to Charge Ready NY 2.0 to support EV charger installation at workplaces and multifamily buildings statewide and public facilities in disadvantaged communities. 

The program can help eligible entities save up to 50 percent on installation costs for Level 2 chargers, which are ideal for locations where a car will be parked for a few hours and can provide up to 25 miles of electric range for each hour charged.

The program has $12 million available for charging station installation at workplaces and multifamily buildings with an incentive of $2,000 per port and $2,500 per port in a disadvantaged community. Publicly owned facilities in disadvantaged communities are eligible for $4,000 per port. Additionally, $3 million is dedicated to workplaces and multifamily buildings that hold educational "ride and drive" community events, purchase electric fleet vehicles, or offer free charging. The Charge Ready 2.0 program also accepts new equipment and network eligibility applications from EV charger vendors until program funds are exhausted.

Another $14 million was added to the State's Drive Clean Rebate to help reduce upfront costs on the purchase or lease of a new EV. The point-of-sale rebate ranges from $500 to $2,000 on one of more than 60 models currently eligible through a participating car dealership in New York State.