$3m for New York municipalities, cooperatives to buy electric vehicles
The initiative is part of the New York Power Authority’s Municipal Electric-Drive Vehicle Program, which provides financial assistance to facilitate the replacement of less fuel-efficient vehicles.
This announcement supports Governor Cuomo's energy goal to reduce greenhouse gas emissions in New York 40 percent by 2030 from 1990 levels.
All types of commercially available electric and hybrid electric vehicles are offered for purchase under this program including passenger cars, pickup trucks, off-road specialty vehicles and heavy-duty utility bucket trucks.
Municipalities and rural electric cooperatives that currently receive low-cost hydropower from the New York Power Authority are eligible to participate in this program. The funding builds on $5 million previously distributed under this program that has helped put 61 clean vehicles into service in 24 towns and villages across New York.
New York Power Authority's Municipal Electric-Drive Vehicle program works by providing zero-interest financing. The funds made available for the purchase of these vehicles are recovered over the course of three years.
New York Power Authority serves 47 municipal and four rural electric cooperative utility systems around the state, providing them with low-cost hydropower to help meet the electricity needs of their residents and businesses.
In addition to the Municipal Electric-Drive Vehicle Program, NYPA also provides these communities with an array of energy-efficiency services and has helped install electric vehicle charging infrastructure in support of Governor Cuomo’s Charge NY initiative, an effort aimed at creating a network of up to 3,000 charging stations for public and workplace locations across New York by 2018.
Earlier this year, NYPA offered its municipal and rural electric cooperative customers access to favorable pricing for the supply, installation and maintenance of these EV charging stations through a master contract. ■