Electrify America will invest US$300 million over 30 months
Electrify America has announced that its National Zero Emissions Vehicle (ZEV) Investment Plan for Cycle 2 is now available and that the company will start executing on the plan this year. Cycle 2 is a 30-month investment period that begins in July 2019.
The US$300 million investment will build on Electrify America’s initial priorities and expand into new areas, where the need for electric vehicle charging stations and technology are greatest or are most likely to be used regularly.
“At Electrify America, we understand that we have a significant role to play in bringing the United States into the age of electric cars,” said president and CEO of Electrify America Giovanni Palazzo. “This Cycle 2 plan allows us to further accelerate progress on our goal of making electric vehicle charging more available, more accessible and easier for drivers to use.”
National Cycle 2 ZEV Investment Plan include infrastructure investment in metro areas, where research shows that EV drivers charge most often. Electrify America will invest in metro-based direct current fast charging (DCFC) stations in 18 metro areas, including in Atlanta, Baltimore, Honolulu, Las Vegas and Phoenix.
Electrify America also will continue to invest in Cycle 1 metros, including Boston, Chicago, Denver, Miami, New York City, Philadelphia, Portland, Seattle and Washington, DC
In Cycle 2, Electrify America also will broaden its investment in existing metros by adding Boulder (CO) for the Denver market; Bremerton (WA) and Olympia (WA) for the Seattle market; and Bridgeport (CT) for the New York City market.
These metro areas are expected to account for more than 50% of expected battery electric vehicles (BEVs) in operation outside California through 2022. Metro DCFC stations will be placed in retail locations and are intended to serve EV drivers in their daily fuelling needs.
Select DCFC stations also will be installed near multiunit dwellings (MUDs), expanding access to drivers who reside in apartment complexes and similar communities.
Finally, Electrify America will invest in DCFC stations specifically designed to serve shared mobility drivers (car share, taxis, and transportation network company (TNC) drivers) to ensure that these high mileage drivers and passengers are able to enjoy the benefits of ZEV adoption conveniently and cost effectively.
Highways and Regional Routes: Cycle 2 investments will build upon Cycle 1 efforts to develop a highway network of ultra-fast DCFC stations. This will include building new sites connecting regional destinations and filling in existing routes as station utilisation of the highway network increases.