Blink Charging Applauds USPS as it Delivers on Push to Electrifying their Fleet
July 22 2022 - 2:58PM
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 the Biden
Administration and the USPS for taking a substantial step forward
in moving the country toward greater electric vehicle (EV)
adoption. On July 20, 2022, the U.S. Postal Service (USPS)
announced plans to electrify at least 40 percent of its new
delivery fleet. Currently, the Postal Service operates the largest
vehicle fleet in the United States, with over 200,000 delivery and
mail collection vehicles.
“The United States Postal Service announcement
is a victory for the entire EV industry,” said Blink Charging
Founder and CEO Michael Farkas. “I commend the Biden Administration
and members of Congress who have advocated for including more EVs
in the postal fleet. Purchasing EVs is just the first step in
developing a complete EV transition.”
The increase in the number of electric vehicles
to 40 percent in the Next Generation Delivery Vehicle (NGDV) is
significant as USPS has ordered only 10,019 EVs out of an initial
order of 50,000 vehicles, and it has stated in the past that only
10% of the vehicles purchased over the life of the contract will be
electric. Additionally, while including many more EVs in the NGDV
program, the Postal Service also stated that it would purchase
34,500 Commercial off-the-shelf vehicles over a two-year
period.
Mr. Farkas added that “Substantially increasing
the proportion of EVs in the postal fleet is a vital step, but much
more can be done to increase the number of EVs across the
country.”
“As the Postal Service plans for charging its
future fleet, Blink has the solutions that will benefit both the
Postal Service and the American people,” continued Farkas. “We look
forward to working with the Biden Administration, Congress, and
individual states to ensure that the nation’s charging
infrastructure will meet Americans’ rapidly growing demand for
EVs.”
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About Blink Charging
Blink Charging Company (Nasdaq: BLNK, BLNKW), a
leader in electric vehicle (EV) charging equipment, has deployed
over 48,000 charging ports across 19 countries, many of which are
networked EV charging stations, enabling EV drivers to easily
charge at any of Blink’s charging locations worldwide. Blink’s
principal line of products and services include the Blink EV
charging network (“Blink Network”), EV charging equipment, EV
charging services, and the products and services of recent
acquisitions, including SemaConnect, Blue Corner and BlueLA. 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, Blink 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 Investor Relations
Contact
IR@BlinkCharging.com
855-313-8187
Blink Media Contact
PR@BlinkCharging.com
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