At the end of March 2024, the Metropolitan Transit Authority (MTA) voted to approve congestion pricing fees in the final vote before the plan takes effect this June (pending lawsuits), at which time cars will pay as much as $15 to enter Manhattan’s central business district below 60th Street. Several city drivers are not happy, saying they might as well take public transportation, but that is exactly the point: The proceeds of congestion pricing will fund improvements to the city’s subways and buses.
Fewer cars on the road will also lead to better air quality, but the city, state, and federal government have been working on that for a while. In fall 2022, Governor Hochul ordered regulators to make changes necessary to phase out the sale of gas-powered vehicles in New York State by 2035, which will only help the city’s goal to become carbon neutral by 2050. More recently, in March 2024, the Environmental Protection Agency issued new standards to cut carbon emissions from gas-powered vehicles.
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This comes at a time when sales of electric vehicles have begun to plateau across the country. One factor in this is the convenience of keeping vehicles charged, which is easier to do in single-family homes than on city streets. New York is working on it – a September 2022 study found that charging stations outnumber gas stations 10 to one in Manhattan, and that charging stations are rapidly taking hold throughout the five boroughs – but possibly not fast enough: A recent report from Crain’s New York Business found that demand for curbside chargers is bigger than expected, and that the Department of Transportation is planning a larger-scale expansion.
Some charging stations may be found in the amenity package of residential buildings. Not only does this show savvy developers recognizing the power of the green consumer, but a summer 2022 report in The Cooperator notes that there are state-sponsored subsidies and tax credits for installing charging stations; therefore, it makes financial sense to include this amenity. We take a look at a selection of buildings in Manhattan and Brooklyn that offer electric vehicle charging stations.
Tribeca Green, #16A (Corcoran Sunshine Marketing Group)
The Solaire, #14M (Corcoran Sunshine Marketing Group)
565 Broome SoHo, #S16A (Douglas Elliman Real Estate)
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The Sovereign, #36AB
$4,250,000
Beekman/Sutton Place | Cooperative | 4 Bedrooms, 4.5 Baths | 4,200 ft2
The Sovereign, #36AB (Corcoran Group)
Circa Central Park, #4B (Compass)
The North, #407 (MNS)
Post House, #MAISON535 (Compass)
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?