Revel expands EV fast chargers in urban areas

Between the lines: The Trump administration has frozen taxpayer funding for EV charging infrastructure, but big cities like New York and San Francisco are still forging ahead with plans to electrify their rideshare fleets within the next five to seven years.

• They'll need a place to plug in.
• Despite the cutbacks in federal funding, there's still plenty of financing support for EV charging from local governments and state utilities, Revel CEO Frank Reig tells Axios.
• "Those rideshare electrification targets are not going away," he said, explaining the policy tailwinds that are helping Revel grow in left-leaning cities.

Driving the news: The New York-based company this week opened its first EV fast-charging station in San Francisco's Mission District, marking the first phase of its expansion outside New York City.

• The West Coast rollout follows the opening of a 24-stall fast-charging station at New York's John F. Kennedy International Airport the week before.

• Revel has spent the past few years locking up precious land in dense cities where there is sufficient power supply to build multi-stall fast chargers.

What to watch: Within the next year, it will add 125 urban fast chargers at seven sites in the Bay Area, and 170 more in New York City, in a bid to be the dominant player in urban fast charging.