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Financing Electric Vehicle Markets in New York and Other States

Report finds that states should support cars ahead of charging stations

Financing Electric Vehicle Markets in New York and Other States

Should policymakers incentivize electric vehicle (EV) purchases first or invest in charging stations first? This report explores this so-called chicken-and-egg dilemma and provides recommendations for growing the EV market and increasing investment in EV charging stations. We compare EV markets across states with a focus on New York, which falls in the middle of the 50 states in terms of EVs as a percentage of new car registrations and number of chargers per capita. Our analysis suggests that the best way for policymakers to facilitate the growth of the overall market is to grow electric vehicle purchases and allow the private sector to provide charging. At the same time, there are important roles that governments can play in facilitating the development of a more robust EV charging infrastructure.

This report also explores policy options for supporting a growing EV and EV charging market.

Research report

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People & Partners

Eitan Hochster

VP of Business Development at Odyssey Energy Solutions
MBA 2016
Master of Environmental Management 2016

Marissa Galizia

Senior Manager, Strategic Partnerships at ChargePoint
MBA 2015
Master of Environmental Management 2015

Jeffrey Schub

Executive Director at Coalition for Green Capital
MBA 2013