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CarCharging Congratulates New York City Mayor, Michael Bloomberg, and Supports Push for Environmental Initiatives

charging station (select to view enlarged photo)

Electric Car Charging Service Provider Endorses Mayor Bloomberg's Efforts to Increase Parking Spaces for Electric Vehicles

MIAMI BEACH, FL--Feb. 14, 2013:  Car Charging Group, Inc. (OTCQB: CCGI) ("CarCharging"), a nationwide provider of convenient electric vehicle (EV) charging services, announced today its support for New York City Mayor, Michael Bloomberg, and his continued efforts to promote environmental initiatives.  Included in his final State of the City Address today, Mayor Bloomberg revealed various new programs intended to improve the environment, including creating up to 10,000 parking spaces for electric cars and adding 50 electric cars to the municipal fleet.

These new programs further demonstrate Mayor Bloomberg's commitment to reduce the City's greenhouse gas emissions through initiatives such as greening the City's fleet and facilitating the adoption of EVs.  As stated by Mayor Bloomberg, "we're already the most tech-friendly, transparent government in the country" and the plan is to "make New York City a national leader in another new technology: electric vehicles".  Mayor Bloomberg also noted that the administration would "work with the City Council to amend to the building code so that up to 20% of all new public parking spaces in private developments will be wired and ready for electric vehicles" and add 50 electric cars to the city's fleet of cars, which currently has over 450 electric cars.

"As a company committed to creating a robust, feature-rich network for EV charging and reducing the nation's dependence on fossil fuels, we congratulate and support Mayor Bloomberg's environmental programs and initiatives," said Michael D. Farkas, CEO of CarCharging. "Together with our efforts to expand the EV charging infrastructure in New York, we are confident that the City's efforts to increase the parking spaces for EVs, facilitate the availability of public EV charging services and streamline the installation of residential charging equipment will significantly impact the adoption of EVs in New York."

CarCharging partners with property owners and parking companies, such as Related Management Company, Icon Parking, and Central Parking, and offers public EV charging services throughout New York City as well as the United States.  Additionally, CarCharging has been awarded grants by the New York State Energy Research and Development Authority ("NYSERDA"). For the first round of the award, CarCharging plans to install EV charging stations in parking garages in New York City, and for the second round, CarCharging intends to expand the EV charging stations to multifamily residential and retail properties throughout New York state.