State of Pennsylvania Permits Electric Vehicle Operators to Set Fees Based on Kilowatt Hour Usage
Car Charging Group, Inc. (OTCQB: CCGI) (“CarCharging” or the “Company”), the largest owner, operator, and provider of electric vehicle (EV) charging services, announced that the Public Utility Commission of the State of Pennsylvania will permit owners and operators of EV charging stations to implement kilowatt hour (“kWh”) pricing within the state. Pennsylvania joins various other states in which kWh pricing policies are permitted including New York, California, Colorado, Florida, Hawaii, Illinois, Maryland, Minnesota, Oregon, Virginia, and Washington.
“We applaud the Pennsylvania Public Utility Commission for their decision to permit per kWh pricing given that it is both practical and appropriate,” said Michael D. Farkas, CarCharging’s Founder and Chief Executive Officer. “Pricing by kilowatt hour is the fairest, and most attractive, method by which consumers can charge their cars, as it directly ties with the electricity consumed. We believe states which accept this methodology are leading the way in supporting cleaner, more environmentally-friendly transportation alternatives for decades to come.”
This decision provides for a fee structure that more closely resembles the current per-gallon pricing for traditional motor vehicles. Utilizing time-based cost structures for EV charging services can be inequitable given the varying rates at which electric cars charge.
Beginning today, CarCharging will extend its per kWh pricing structure to its more than 140 EV charging stations in Pennsylvania, including several on the PA turnpike and in major cities such as Pittsburgh and Philadelphia.