CHARLOTTE, N.C., May 24, 2022 -- Bank of America and Electrify America today announced plans to more than double the number of financial centers equipped with electric vehicle (EV) charging stations by the end of 2023.
As of the beginning of this year, 172 Electrify America individual EV chargers have been installed at 46 financial centers – totals the companies intend to grow to more than 350 chargers at over 90 financial centers by the end of 2023.
"Electrify America is expediting the electric future by providing ultra-fast charging to customers in convenient locations," said Anthony Lambkin, senior director of operations at Electrify America. "Collaborating with companies such as Bank of America – who share our goals for a more sustainable future – helps to accelerate the transition to electric transportation and meet customers' needs."
Electric vehicle charging station at Bank of Americafinancial center
"At Bank of America, our commitment to a more sustainable future is woven into our culture and the many ways we serve our clients and communities," said Aron Levine, President of Preferred Banking at Bank of America. "Through our collaboration with Electrify America, we're making life easier for the communities we serve and are helping lead toward a more sustainable future."
In addition to adding EV chargers to financial center locations, Bank of America is an EV100 member and also has EV charging stations available at employee offices. Currently, the company has EV chargers installed at more than 100 locations for employee use, as part of its workplace charging initiative that launched in 2017.
The acceleration of financial centers equipped with EV chargers is the latest demonstration of Bank of America's commitment to supporting low-carbon solutions and accelerating the path to net-zero. Most recently, the bank announced a grant to fund electric vehicles for the Wayne Health Mobile Unit in Detroit and announced 2030 financing activity targets as part of its net-zero commitment.
Electrify America LLC, the largest open DC fast-charging network in the U.S., is investing $2 billion over 10 years in Zero Emission Vehicle (ZEV) infrastructure, education, and access. The investment will enable millions of Americans to discover the benefits of electric driving and support the build-out of a nationwide network of workplace, community, and highway chargers that are convenient and reliable. Electrify America expects to have more than 1,800 total charging stations with over 10,000 chargers in the United States and Canada by 2026. During this period, the company will be expanding to 49 states and the District of Columbia, delivering on its commitment to support increased ZEV adoption with a network that is comprehensive, technologically advanced, and customer friendly.
Electrify America earned the 2020 and 2021 "EV Charging Infrastructure Best-in-Test" award from umlaut, an infrastructure and benchmarking specialist, now part of Accenture, as published in Charged Electric Vehicles Magazine. Electrify America's Electrify Home® offers home charging solutions for consumers with flexible installation options. Electrify Commercial® provides expert solutions for businesses looking to develop electric vehicle charging programs. For more information, visit www.electrifyamerica.com and media.electrifyamerica.com.
At Bank of America (NYSE: BAC), we're guided by a common purpose to help make financial lives better, through the power of every connection. We're delivering on this through responsible growth with a focus on our environmental, social, and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in, and do business with. It's demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer, and environmental organizations, to bring together our collective networks and expertise to achieve greater impact.
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Reporters May Contact:
Mike Moran, Electrify America, 703-872-7936
Tara Geiger, Electrify America, 571-352-6194
Andy Aldridge, Bank of America, 980.387.0514
Kelly Sapp, Bank of America, 980.214.3070
SOURCE Bank of America Corporation