Electrify America cleared for second US$200m investment

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Electrify America has received approval for a second US$200m investment in California. The company’s plans to invest in the state’s zero-emission-vehicle infrastructure and education programs have been cleared by the California Air Resources Board (CARB).

Electrify America’s plans include DC charging in more metro areas, adding charging on regional routes and strengthening highway networks. The plans also include investment in charging stations for zero-emission bus fleets and ride-hail services, as well as residential and autonomous vehicle charging technologies.

“Electrify America is pleased that CARB has approved the Cycle 2 California ZEV Investment Plan,” says Giovanni Palazzo, president and chief executive officer of Electrify America. “We appreciate the guidance, collaboration and attention to detail provided by the CARB team.”

The Cycle 2 plan is Electrify America’s second US$200m investment in California. The company is committed to investing US$800m in zero-emission projects through four investment cycles over a 10-year period.

“I am extremely proud of the Electrify America team as we are on track with our Cycle 1 infrastructure investments,” Palazzo adds. “We are excited to help expand California’s EV charging network and begin implementation of the new technology plans outlined in Cycle 2.”

About Author

mm

Matt joined UKi Media & Events in 2014 after seven years of living and working in Dubai. He has been a journalist for over a decade and has worked for a wide range of publications, including Rolling Stone, Time Out, iQ and Loaded. After starting out on the automotive team as deputy editor of Engine Technology International, Electric & Hybrid Vehicle Technology International and Transmissions Technology International, he began editing Electric & Hybrid Vehicle Technology International in 2016, and took over as editor of Tire Technology International in 2018.

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