New York State launches $70m EV scheme

New York State has launched a $70 million (£56.15m) electric vehicle (EV) scheme to boost green transport. Governor Andrew M. Cuomo hopes the initiative will slash carbon emissions in the transportation sector – it’s currently […]

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By Jonny Bairstow

New York State has launched a $70 million (£56.15m) electric vehicle (EV) scheme to boost green transport.

Governor Andrew M. Cuomo hopes the initiative will slash carbon emissions in the transportation sector – it’s currently the largest contributor to greenhouse gas emissions in the state, at nearly 40%.

The programme will provide $55 million (£44.11m) to pay for rebates of up to $2,000 (£1,604) for purchases of new low carbon cars such as EVs or hybrids.

A further $15 million (£12.03m) will support improving consumer awareness of EVs, installing more charging stations across the state and developing and demonstrating new low carbon transport technologies.

It will be managed by the New York State Energy Research and Development Authority (NYSERDA) and will help the state achieve its goal of reducing greenhouse gas emissions by 40% before 2030.

Carbon emission savings from the initiative are expected to be 115,000 tonnes per year, the equivalent of taking 24,000 cars off the road.

Governor Cuomo said: “Reducing vehicle emissions is a critical part of this administration’s efforts to fight climate change and reduce New York’s carbon footprint.

“These highly anticipated rebates will make electric vehicles more affordable and accessible and support this state’s nation leading efforts to build a cleaner, greener New York for generations to come.”

New York State’s pension fund has also gone green, by joining a multi-trillion dollar decarbonisation portfolio.