Chase to Pilot Electric Vehicle Charging Stations
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New York-based Chase Bank (NYSE: JPM) will pilot electric vehicle charging stations at 50 of its branches this summer. Fast chargers will be installed at Chase locations in Indiana, Illinois, and California, among others, providing access to 100kW and 350kW chargers that can charge vehicles by as much as 80% in under 45 minutes.
Chase says it partnered with EVgo, a company that builds, owns and operates the country’s largest network of public DC fast chargers. Once operational, EVgo estimates the chargers will deliver up to 9.4 million kWh annually.
“We’re always listening and taking feedback from customers when it comes to the branch experience, and we know environmental sustainability is important to them,” said Jennifer Roberts, chief executive officer of Chase Consumer Banking. “We’re excited to work together with EVgo to bring electric vehicle charging to our branches and offer this important service to thousands of customers and their communities.”
The bank says the charging stations will add convenience for customers, allowing them to conduct their banking needs while charging their cars. The chargers also help promote environmental sustainability at its retail locations.
“Reducing the amount of pollution from tailpipes will have real benefits for consumers and communities, and increasing the availability of convenient public fast charging gives more drivers peace of mind to switch to electric,” said Cathy Zoi, CEO of EVgo. “Having access to fast charging in everyday settings of life – the local bank being a great example as well as an important community staple – is truly key. We’re excited to partner with Chase, and together with our shared values, we look forward to working together on decarbonizing transportation and improving our communities.”
Chase says it also plans to continue expanding on-site solar power at its U.S. branches over the coming months. The bank’s goal is to complete solar installations at about 400 additional branches, as well as 125 carports, by the end of 2022.
Chase expects to have all charging stations ready for use by the summer of 2023.
