Revel nabs $60M in New York State funding to build more EV chargers
Despite President Trump's efforts to halt federal EV charging infrastructure funding, states like New York are advancing projects, with Revel securing a $60 million loan to expand its fast charging network in NYC.
MAIN POINTS
- President Trump is attempting to freeze a $5 billion federal EV charging program.
- Some states are independently advancing EV infrastructure projects despite federal actions.
- Revel, an EV charging startup, received a $60 million loan from NY Green Bank.
- The loan will help Revel more than triple its fast charging network in New York City.
TAKEAWAYS
- State-level initiatives can counteract federal funding freezes for EV infrastructure.
- New York is actively supporting clean energy projects through investments like NY Green Bank.
- Revel's expansion indicates growing demand and support for EV charging solutions.
- Public-private partnerships are crucial in advancing sustainable infrastructure projects.