Blink Applauds Governor Newsom’s Commitment to Electric Vehicles in California
September 24 2020 - 9:15AM
Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the
“Company”), a leading owner, operator, and provider of electric
vehicle (EV) charging equipment and services, applauds California
Governor, Gavin Newsom on his signing of executive order N-79-20
banning the sale of new gas-powered passenger cars and pickup
trucks in the state by 2035.
“Blink has been in the EV charging
infrastructure business for more than ten years, and we believe
that Governor Newsom’s executive order comes at a pivotal time in
our country. His commitment to fully embrace electric vehicles is
no surprise given that California is already leading the country in
the widespread adoption of EVs. Governor Newsom’s move to cut
greenhouse gas emissions in the country’s most populous state
indicates true leadership in helping citizens of all income levels
make the change and choose cleaner transportation alternatives,”
commented Michael D. Farkas, Blink Charging CEO.
“As a leading owner and operator of EV charging
infrastructure, we understand the importance and timeliness of the
global effort to create a cleaner environment through the adoption
of new cleaner transportation alternatives. Like Governor Newsom
has signaled for the state, Blink is all-in, committed to growing
our EV charging network both nationwide and internationally to
support increasing EV use,” continued Farkas.
California’s emphasis on the build-out of the
infrastructure to support electric vehicles is already widely
known, with several ground-breaking commercial incentives and
rebates recently announced in the state. Most notable is the $436
million Charge Ready program for the deployment of 40,000 charging
stations in Southern California Edison’s service areas.
‘We see tremendous opportunity to help further
California’s environmental mission evidenced by our growth in the
region and recent acquisition of Los Angeles-based electric
carsharing company, BlueLA. This acquisition allowed Blink to
double the number of Blink chargers in Los Angeles while providing
affordable, enhanced EV mobility options to community residents.
Our goal is to replicate the BlueLA model in other cities
throughout California. At the same time, we continue to
aggressively expand our charging network throughout the state and
leverage the model to quickly expand in other large urban centers,”
stated Farkas.
To meet expectations in the state, Blink is
continuing to expand the Company’s organizational footprint in the
state with several key strategic hires and the expansion of the
Company’s technology team based in the state.
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About Blink Charging
Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a
leader in electric vehicle (EV) charging equipment and has deployed
over 23,000 charging stations, many of which are networked EV
charging stations, enabling EV drivers to easily charge at any of
the Company’s charging locations worldwide. Blink Charging’s
principal line of products and services include its Blink EV
charging network (“Blink Network”), EV charging equipment, and EV
charging services. The Blink Network uses proprietary, cloud-based
software that operates, maintains, and tracks the EV charging
stations connected to the network and the associated charging data.
With global EV purchases forecasted to rise to 10 million vehicles
by 2025 from approximately 2 million in 2019, the Company has
established key strategic partnerships for rolling out adoption
across numerous location types, including parking facilities,
multifamily residences and condos, workplace locations, health
care/medical facilities, schools and universities, airports, auto
dealers, hotels, mixed-use municipal locations, parks and
recreation areas, religious institutions, restaurants, retailers,
stadiums, supermarkets, and transportation hubs. For more
information, please visit https://www.BlinkCharging.com/.
Forward-Looking Statements
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. These forward-looking statements, and terms such
as “anticipate,” “expect,” “intend,” “may,” “will,” “should” or
other comparable terms, involve risks and uncertainties because
they relate to events and depend on circumstances that will occur
in the future. Those statements include statements regarding the
intent, belief or current expectations of Blink Charging 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, including those
described in Blink Charging’s periodic reports filed with the SEC,
and that actual results may differ materially from those
contemplated by such forward-looking statements. Except as required
by federal securities law, Blink Charging undertakes no obligation
to update or revise forward-looking statements to reflect changed
conditions.
Blink Media
Contact PR@BlinkCharging.com
Blink Investor Relations
Contact IR@BlinkCharging.com
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