10,000 and Counting: Con Edison's EV Charging Incentive Program Achieves Major Milestone for Drivers
Electric vehicle drivers in New York City and Westchester County have gained more than 10,000 charging plugs that were installed with the help of incentives from Con Edison’s PowerReady program.
This milestone reflects a significant expansion of electric vehicle charging access for the region’s drivers. It translates to nearly 2.4 million tons of lifetime vehicle carbon emission reductions, meaning cleaner, healthier air for the communities Con Edison serves.
The PowerReady program is another example of Con Edison’s Clean Energy Commitment, which supports New York’s ambitious climate goals. Exhaust from vehicles that run on fossil fuels represent one of the biggest sources of carbon emissions across the country, and PowerReady makes it easier to switch to electric vehicles.
PHOTO: A New York City cab driver charges his electric vehicle at a site that received infrastructure incentives through the PowerReady program.
"Our PowerReady incentives support the buildout of a wide network to make EV charging more convenient and accessible for drivers in our region,” said Britt Reichborn-Kjennerud, director, E-Mobility, Con Edison. “By making it more economic for developers to build stations, we are improving the charging experience for the nearly 100,000 EV drivers in our territory.”
Under PowerReady, parties that install Level 2 or direct-current fast chargers (DCFC) can offset some of the upfront infrastructure costs of preparing a site for EV chargers. These chargers are in diverse locations, including near apartment buildings, retail locations, workplaces, on street curbs, and at public fast-charging hubs.
Charging stations in disadvantaged communities or low-to-moderate income housing developments can qualify for the highest incentives, some of which may cover the full infrastructure cost of preparing a site for EV chargers.
Approximately 40 percent of the Level 2 plugs and 60 percent of the DCFC plugs that received PowerReady incentives are in disadvantaged communities. A Level 2 plug can charge an electric vehicle in four to six hours, while a DCFC plug can charge a vehicle in less than an hour.
PowerReady is the largest light-duty EV charging infrastructure program in the country. It will provide up to $585 million of customer incentives, with a goal of supporting about 25,000 charging plugs.
Since the first plug was installed, EV adoption jumped from 4 percent of new vehicles sales in 2021 to 11 percent in 2024. There are roughly six times as many chargers in New York City and Westchester County than there were when the PowerReady program began in July 2020.
Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation’s largest investor-owned energy companies, with approximately $15 billion in annual revenues for the year-end 2023 and $69 billion in assets as of September 30, 2024. The utility delivers electricity, natural gas, and steam, and serves 3.7 million customers in New York City and Westchester County. For financial, operations, and customer service information, visit conEd.com.