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LAZ Parking Locations to Provide EV Charging

July 27, 2010

MIAMI BEACH, FL - Car Charging Group Inc. said it has partnered with a national parking company, LAZ Parking NY/NJ LLC, to provide charging stations for electric vehicles at LAZ Parking locations throughout the New York and New Jersey metropolitan areas.

Car Charging Group Inc. is an owner and provider of electric vehicle (EV) charging stations.  

This partnership is an effort to support the potential need for electric vehicle charging stations nationwide to satisfy the plans of automobile manufacturers such as Tesla Motors, the Renault and Nissan alliance, General Motors, Ford and others lining up to offer consumers a choice of electric vehicles.

"As the number of electric vehicles on U.S. roads increases, thanks to a push from the U.S. Government and auto industry, the need to create a public charging infrastructure increases. Car Charging Group is in the development stages of an open system that is potentially cost-efficient and provides conveniently located charging stations in numerous locations -- homes, offices, parking garages," said Car Charging Group CEO Michael D. Farkas.

The ChargePoint Level II (240 volts) charging stations are manufactured by Coulomb Technologies. Through the aid of government tax incentives, subsidies, loan guarantees and grants, Car Charging provides EV charging stations at no charge to property owners/managers while retaining ownership, thus allowing drivers access to convenient locations and partners to realize a percentage of the charging revenue generated.

"The past few years have seen tremendous growth for our company as we expand our parking services portfolio to include airports, hospitals, educational facilities, event venues, mixed-use developments, in addition to offices and stand-alone facilities," said Eric Siskind, LAZ Parking regional vice president for New York/New Jersey.

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