NYPA Press Release

NYPA Adds $3 Million in Funding to Help Towns and Villages Expand Electric Vehicle Fleets

For Immediate Release: 2/04/19

Contact: Steven Gosset | steven.gosset@nypa.gov | (914) 390-8192

Partnership Helps Municipalities Across New York Reduce Greenhouse Gas Emissions and Combat Climate Change 

WHITE PLAINS--The New York Power Authority has approved $3 million in funding to continue a zero-interest loan program that helps dozens of municipalities and rural electricity cooperatives purchase electric vehicles (EV) and battery charging equipment for their fleets.

The funding, approved Jan. 30 by the NYPA Board of Trustees, builds on $8 million dedicated since 2003 for the Authority’s Municipal and Rural Cooperative Electric Utilities Electric-Drive Vehicle Program, which provides financial assistance to facilitate the replacement of less fuel-efficient vehicles. The initiative supports Governor Andrew M. Cuomo's goal to reduce greenhouse gas emissions in New York 40 percent by 2030 and make New York 100 percent carbon-neutral by 2040 as part of his Green New Deal.

 “NYPA has created an effective program that has successfully integrated dozens of electric vehicles and hybrids into municipal fleets,” said Gil C. Quiniones, NYPA president and CEO. “This additional funding will allow us to continue these clean energy partnerships as part of our expanding effort to encourage EV use and lead infrastructure expansion across New York State.”

NYPA is continuing to play a pivotal role in moving the electric transportation sector forward. The $250 million EVolve NY program will address key barriers to EV expansion and look for private/public partnerships to develop EV infrastructure and services. Plans include installing fast-charging stations along key interstate corridors – with a target interval of every 30 miles – and in select urban hubs.

For the Electric-Drive Vehicle Program, municipalities and rural electric cooperative utilities apply to the Power Authority for zero-interest financing to purchase passenger vehicles, pickup trucks, off-road specialty vehicles and heavy-duty utility bucket trucks.  The vehicles are used by the utilities’ personnel and/or their affiliated municipal agencies to carry out their functions. 

Municipalities benefit from zero-interest financing, reduced fuel costs and lower maintenance expenses, and can pass those savings on to ratepayers. The use of electric fleet vehicles also reduces greenhouse gas emissions and contributes to a safer work environment for electric utility staff due to diesel engine noise reduction.

The 47 municipalities and four rural electric cooperative utility systems that receive low-cost hydropower from NYPA are eligible to participate. The funds are recovered from participants over a period of up to three years through a surcharge to their electric bills.

Since 2003, 73 clean-technology vehicles have been placed with 24 towns and villages across the state. 

NYPA also provides these communities with an array of energy-efficiency services and has helped install electric vehicle charging infrastructure for the public in support of Governor Cuomo’s Charge NY 2.0 initiative, an effort aimed at installing 10,000 charging stations by 2021.

New York State’s Green New Deal

Governor Andrew M. Cuomo’s Green New Deal, the nation’s leading clean energy and jobs agenda, will aggressively put New York State on a path to economy-wide carbon neutrality under a strategy to be developed by the Climate Action Council of state, workforce and environmental justice experts.  It provides for a just transition to clean energy, spurring the growth of the green economy and, when passed, will statutorily mandate New York's power be 100 percent clean and carbon-free by 2040, one of the most aggressive goals in the U.S. The cornerstone of this newly proposed mandate is a significant increase of New York's successful Clean Energy Standard to 70 percent renewable electricity by 2030. As part of the unprecedented ramp-up of renewable energy, New York has already invested $2.9 billion into 46 large-scale renewable projects across the state as it significantly increases its clean energy targets, such as: quadrupling New York's offshore wind target to a nation-leading 9,000 megawatts by 2035 to doubling distributed solar deployment to 6,000 megawatts by 2025 to deploying 3,000 megawatts of energy storage by 2030. To support this ambitious work, NY Green Bank intends to use its expertise in overcoming financing gaps to foster greater environmental impacts per public dollar by raising over $1 billion in third party funds to expand climate financing availability across New York and the rest of North America.

Reforming the Energy Vision

The Green New Deal builds on Governor Andrew M. Cuomo's landmark Reforming the Energy Vision strategy to lead on climate change and grow New York's economy. REV is building a cleaner, more resilient and affordable energy system for all New Yorkers by stimulating investment in clean technologies like solar, wind, and energy efficiency.  Already, REV has driven growth of nearly 1,500 percent in the statewide solar market, improved energy affordability for 1.65 million low-income customers, and has led to more than 150,000 jobs in manufacturing, engineering, and other clean tech sectors across New York State.

To learn more about the Green New Deal and REV, including the Governor's $5 billion investment in clean energy technology and innovation, visit rev.ny.gov, follow us on Twitter,Facebook, and LinkedIn.