CarCharging Resumes Sale of the Blink HQ, Level II Residential Electric Vehicle Charging Station
MIAMI BEACH, FL--March 4, 2014: Car Charging Group, Inc. (OTCQB: CCGI) ("CarCharging"), the leading provider of electric vehicle (EV) charging services, is pleased to announce that through its subsidiary, Blink Network, LLC, the company has resumed sales of the Blink HQ, a Level II residential EV charging station. The Blink HQ is cost-effective, easy to use, and is compatible with all electric cars sold in the United States including the Tesla Model S, Nissan LEAF, Chevy Volt, Mitsubishi i-Miev, Toyota Prius Plug-In, Honda Fit EV, and Toyota Rav4 EV. Consumers can purchase the Blink HQ for $699 at www.BlinkHQ.com.
The Blink HQ includes a membership to the Blink Network, which expands charging options for EV drivers by providing them with access to Blink's public EV charging stations. To thank customers for their purchase of the Blink HQ and introduce them to Blink's public charging locations, a $100 bonus credit for the Blink Network is currently included with a Blink HQ purchase. Consumers can also receive a referral to a local licensed electrician to assist with the installation of the unit.
According to Navigant Research's Electric Vehicle Charging Equipment report published in the 3rd Quarter of 2013, worldwide sales of residential EV service equipment, like the Blink HQ, is anticipated to grow from 445,682 in 2014 to nearly 1.5 Million units by 2022. Navigant Research forecasts that the compound average growth rate of residential EV charging equipment between 2013 and 2022 is 20.6%.
"Providing EV drivers with the opportunity to fast charge their EV at home and connecting them with our public charging stations is the first step in integrating EV charging services and ensuring that drivers have the ability to easily charge their EV wherever they are," said Michael D. Farkas, Chief Executive Officer for CarCharging. "Additionally, from a revenue standpoint, based on the estimates provided by Navigant Research and at an average price of $500, the worldwide market for residential EV charging stations could be more than $729 Million annually by 2020."
The 240 Volt - 30 Amp Blink HQ offers EV drivers charging capabilities nearly four times faster than the Level I cord provided with the purchase of an EV. The Blink HQ features a convenient delay timer, which provides drivers with the ability to schedule charging times and save money by avoiding peak utility rates. The residential EV charger also includes an 18-foot cable with cable hanger bracket at no additional cost, as well as a 12-month limited parts and labor warranty.
About Car Charging Group, Inc. Car Charging Group, Inc. (OTCQB: CCGI) is a pioneer in nationwide public electric vehicle (EV) charging services, enabling EV drivers to easily recharge at locations throughout the United States. Headquartered in Miami Beach, FL with offices in San Jose, CA; New York, NY; and Phoenix, AZ; CarCharging's business model is designed to accelerate the adoption of public EV charging.
CarCharging offers various options to commercial and residential property owners for EV charging services. Our typical business model provides a comprehensive turnkey program where CarCharging owns and operates the EV charging equipment; manages the installation, maintenance, and related services; and shares a portion of the EV charging revenue with the property owner. Alternatively, property partners can share in the equipment and installation expenses with CarCharging operating and managing the EV charging stations, and providing network connectivity. For properties interested in purchasing and owning EV charging stations, CarCharging can also provide EV charging hardware, site recommendations, connection to the Blink Network, and management and maintenance services.
Through its subsidiary, Blink Network, CarCharging also provides residential EV charging solutions for single-family homes. For more information, please visit BlinkHQ.
CarCharging has strategic partnerships across multiple business sectors including multi-family residential and commercial properties, parking garages, shopping malls, retail parking, and municipalities. CarCharging's partners include, but are not limited to Walgreens, IKEA, Wal-Mart, Simon Property Group, Equity One, Equity Residential, Forest City, Cinemark USA, Fox Studios, Facebook, PayPal, Kimpton Hotels and Restaurants, Mayo Clinic, San Diego Padres, University of Pennsylvania, Ace Parking, Central/USA Parking, Icon Parking, Rapid Parking, Parking Concepts, CVS, Related Management, Pennsylvania Turnpike Commission, Pennsylvania Department of Environmental Protection, City of Phoenix (AZ), City of Philadelphia (PA), and City of Miami Beach (FL).
CarCharging is committed to creating a robust, feature-rich network for EV charging and is hardware agnostic. CarCharging's owns the Blink network, and owns and operates EV charging equipment manufactured by Blink, Aerovironment, ChargePoint, Efacec, General Electric, Nissan, and SemaConnect. CarCharging's Level II charging stations are compatible with EVs sold in the United States including the Tesla Model S, Nissan LEAF, Chevy Volt, Mitsubishi i-Miev, Toyota Prius Plug-In, Honda Fit EV, and Toyota Rav4 EV, as well as many others scheduled for release over the next few years.