Greentech Lead America:Â Car Charging Group, a provider of electric vehicle (EV) charging services, is acquiring EV Pass, which specializes in building destination and location networks for EV charging, and its EV charging stations and network throughout Central New York.
The Central New York Destination Location Network (CNY Network) is acquired from Synapse Sustainability Trust, a 501c-3 organization based in Syracuse, New York.
Through this acquisition, CarCharging will gain destination locations of EV charging stations throughout Central New York, including Syracuse, Rome, and the surrounding areas.
Deployed in partnership with the New York State Energy Research and Development Authority (NYSERDA), the CNY Network was the first area wide transportation plan in the United States to be based on the concept of providing charging services “where the car wants to go, not where it lives.”
These destination locations are comprised of: New York shopping malls, including DestinyUSA, one of the largest shopping mall operators in the Northeast; higher education institutions such as SUNY-ESF and Syracuse University; entertainment venues such as the JFK Arena in Rome, NY and the Oncenter Convention Center in Syracuse, NY; and 39 downtown commuter parking locations inSyracuse, NY.
Additionally, CarCharging  will administer the pending NYSERDA grant awarded to EVPass, which includes installing EV charging stations throughout Upstate New York.
The acquisition is part of the company’s strategy to expand in the fast growing EV market. According to estimates EV sales in January 2013 were more than 300 percent greater than January 2012, and EV sales in February 2013 were nearly 330 percent greater than February 2012.
“To support the increasing EV market, it is our intent to expand our EV charging infrastructure through organic growth and acquisitions of other EV service providers,” said Michael D. Farkas, CEO of CarCharging. “With our recent acquisition of Beam Charging and the pending acquisition of the CNY Network, CarCharging will expand its footprint throughout New York State and gain additional strategic property partners.”
Global hybrid and electric vehicle market share to reach 6.3% by 2020
Global hybrid and EV market share is forecast to reach 6.3 percent by 2020, according to PwC’s Autofacts.
Charging stations and battery swap locations are the most crucial to developing a sustainable electric vehicle (EV) infrastructure, according to more than 40 percent of respondents to PwC’s Electric Vehicle  Survey 2012.