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Stock impact report

NYC's Curbside EV Chargers Are Popular — and Often Blocked [BNN Bloomberg (Canada)]

Consolidated Edison, Inc. (ED) 
Last consolidated edison, inc. earnings: 2/20 04:55 pm Check Earnings Report
Company Research Source: BNN Bloomberg
from EV owners looking for a place to plug in and from gas-engine drivers willing to risk a ticket in exchange for street parking. “We expected moderate demand,” with usage rates around 15%, said Roy Rada, project manager for e-mobility innovation at Consolidated Edison Inc. It's been “exponentially higher,” he said. The 100 chargers are online 99.9% of the time with an average utilization rate of 72% in 2024, according to the New York City Department of Transportation. That's an impressive feat, especially since vehicles with internal-combustion engines blocked access to the chargers 20% of the time during the program's first 18 months. Building on that success, the citywide charging pilot that was originally expected to end in July will now likely extend an additional year, allowing the NYC DOT and Con Ed, the utility that provides electricity to homes and businesses in New York City, to continue to gather data on demand. They're also beginning to plot out a larger-scale, post-p Show less Read more
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