Commercial, Sourcing Renewables  -  December 18, 2019

Bank of America to install EV charging across eight states

Bank of America will be installing electric vehicle charging stations at various locations across the U.S. through a new partnership with Electrify America announced Dec. 17.

The financial institution will be installing approximately 40 charging stations with a total of 140 EV charges by the end of 2020. The financial centers that will receive the systems are to be located in California, Georgia, Florida, Illinois, Oregon, Washington, Virginia and Massachusetts.

"We are focused on making it easier and more convenient for our clients to connect with us in any manner they choose, and we're pleased to partner with Electrify America to offer on-site EV charging stations," David Tyrie, head of advanced solutions and digital banking at Bank of America, said in a statement. "A low-carbon lifestyle is important to our bank and to the communities we serve, and we are committed to developing and supporting initiatives that can lead to a more sustainable future."

Bank of America customers will have access to ultra-fast charging systems that range in power from 150 kW to 350 kW, which can add up to 20 miles of range per minute of charging.

The announcement marks Electrify America’s first installation deal with a banking institution.

Bank of America committed to RE100 in 2016 and has since adopted an expansive renewable energy procurement strategy.

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