New York’s Public Service Commission (PSC) has greenlit an EV infrastructure program, significantly boosting investments in charging across the state. The 2020 EV budget increased from $701 million to $1.24 billion, with a notable $372 million earmarked for disadvantaged communities. The PSC orders focus on utility make-ready programs and demand charges, promising to transform New York City’s EV charging landscape.
The make-ready program zeroes in on Con Edison, New York City’s utility provider, directing an impressive $347 million for fast-charging projects in the city. This initiative incentivizes the development of larger charging projects, favoring economies of scale. Additionally, the demand charge order introduces updates to ease operational burdens for massive fast-charging sites, particularly in NYC. Notable changes include a Con Edison commercial managed charging program, offering incentives based on the maximum load ratio. This provides economic advantages for fast-charging stations and contributes to grid support.
These PSC initiatives align with New York City’s ambitious electrification plans, especially for the taxi and for-hire vehicle industry, aiming to achieve complete electrification by 2030. The city anticipates increased EV demand following the removal of the cap on new for-hire vehicle licenses for EVs. Despite legal challenges, the surge in EV applications underscores the need for expanded fast-charging infrastructure, particularly mega-hubs like Revel’s, to accommodate the growing influx of electric vehicles in New York City. The PSC’s forward-looking orders aim to meet the rising demand for EVs and contribute to the city’s rapid transition to electric transportation.