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Car Charging Group to Serve EVs in NYC

August 23, 2010

MIAMI BEACH, FL - Car Charging Group Inc. said it has entered into a pilot agreement with Icon Parking Systems, a parking services provider in Manhattan, to offer electric vehicle (EV) charging stations at select trial locations.

By creating an EV charging network for Icon's customers, Car Charging Group said it hopes to help smooth the transition of those NYC drivers switching to EVs.

"This partnership lays the groundwork in Manhattan to support the national rollout of electric automobiles on the way to dealer showrooms in late 2010 from manufacturers such as Tesla Motors, the Renault and Nissan alliance, General Motors, Ford and others," said Car Charging Group CEO Michael D. Farkas.

Car Charging Group plans to install Level II (240 volts) ChargePoint Networked Charging Stations, manufactured by Coulomb Technologies. Coulomb Technologies is an industry leader in electric vehicle charging infrastructure.

Through the aid of government tax incentives, subsidies, loan guarantees and grants, Car Charging provides EV charging stations at no charge to property owners and managers while retaining ownership. This approach gives drivers access to convenient charging locations, and also lets partners realize a percentage of the charging revenue generated.

"By partnering with Car Charging Group, we are poised to meet the increased demand from electric car owners while simultaneously working towards transportation solutions that are more sensitive to the environment," said Paul Regan, vice president of operations for Icon Parking Systems.

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