CarCharging Endorses the Obama Administration's Unprecedented $4.5 Billion Investment for the Deployment of Electric Vehicle
26 July 2016 - 3:42AM
Marketwired
CarCharging Endorses the Obama Administration's Unprecedented
$4.5 Billion Investment for the Deployment of Electric Vehicle
Infrastructure
CarCharging/Blink Supports the White House Plan to "Ensure That
Electric Vehicle Drivers Have Access to Charging Stations at Home,
at Work, and on the Road"
MIAMI BEACH, FL-(Marketwired - Jul 25, 2016) - Car Charging
Group, Inc. (OTCQB: CCGI) ("CarCharging" or "Company") the largest
owner, operator, and provider of electric vehicle (EV) charging
services, announced today its endorsement of the Obama
Administration's unprecedented action plan for the Federal
government, states, and private sector, as well as a framework for
collaboration of EV industry stakeholders to accelerate the
deployment of EV charging infrastructure and the adoption of
electric cars. Resembling CarCharging's own business strategy,
according to the July 21, 2016 fact sheet issued by The White House
Office of the Press Secretary, the intention is to "ensure that
electric vehicle drivers have access to charging stations at home,
at work, and on the road".
The fact sheet included, but was not limited to, the following
actions:
- Releasing up to $4.5 billion in loan guarantees and inviting
applications to support the deployment of commercial EV charging
facilities
- Launching the Fixing America's Surface Transportation (FAST)
Act process to identify and develop corridors for zero emission and
alternative fuel vehicles, which will include a network of EV fast
charging stations
- Hosting an "Electric Vehicle Hackathon" in order to determine
insights and develop new EV charging solutions
"Given CarCharging's commitment to expanding EV charging
infrastructure throughout the United States and supporting the
acceleration of EV adoption, we fully support the Obama
Administration's plan to reduce our country's dependence on oil and
increase access to alternative fuels," said Mike Calise,
CarCharging's Chief Executive Officer. "Combined with our current
EV charging solutions for the home, work, and public locations, as
well as our efforts and intentions to expand our EV charging
services and locations across the United States, we believe that
the new action plan will assist in providing the necessary
commitment and financing to deploy EV charging infrastructure on a
commercial-scale."
CarCharging intends to collaborate with the Obama
Administration, the Departments of Energy, Transportation, Defense,
and Environmental Protection Agency, as well as EV industry
stakeholders to help successfully implement the new action plan and
various programs involved.
About Car Charging Group, Inc.Car Charging Group, Inc. (OTCQB:
CCGI) is a pioneer in nationwide public electric vehicle (EV)
charging services, enabling EV drivers to easily recharge at
locations throughout the United States. Headquartered in Miami
Beach, FL with offices in San Jose, CA; New York, NY; and Phoenix,
AZ; CarCharging's business model is designed to accelerate the
adoption of public EV charging.
Through its subsidiary, Blink Network, CarCharging offers EV
charging equipment and connectivity to the Blink Network, a
cloud-based software that operates, manages, and tracks the Blink
EV charging stations and all of the associated data. Blink Network
also provides residential EV charging solutions for single-family
homes. For more information, please visit www.BlinkHQ.com.
CarCharging has strategic partnerships across multiple business
sectors including multi-family residential and commercial
properties, parking garages, shopping malls, retail parking, and
municipalities.
For more information about CarCharging, please visit
www.CarCharging.com, www.facebook.com/Car.Charging, or
www.twitter.com/CarCharging.
Forward-Looking Safe Harbor Statement:This press release
contains forward-looking statements as defined within Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. By their nature,
forward-looking statements and forecasts involve risks and
uncertainties because they relate to events and depend on
circumstances that will occur in the near future. Those statements
include statements regarding the intent, belief or current
expectations of Car Charging Group, Inc., and members of its
management as well as the assumptions on which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. The Company undertakes no obligation to update or
revise forward-looking statements to reflect changed
conditions.
CarCharging Media Contact:Suzanne
TamargoSuzanne@CarCharging.com(305) 521-0200 x 214
Blink Charging (NASDAQ:BLNK)
Historical Stock Chart
From Apr 2024 to May 2024
Blink Charging (NASDAQ:BLNK)
Historical Stock Chart
From May 2023 to May 2024