Toyota Announces First Communities to Receive DC Fast Chargers Through 'Empact' Vision
Rhea-AI Summary
Toyota Motor North America has announced the deployment of DC fast chargers in Baldwin Park and Sacramento, California, under its 'Empact' vision. This initiative aims to provide equitable EV charging solutions, particularly to underserved communities. The high-power 350kW chargers are part of a collaboration with EVgo, a leading public fast charging network, and will be operational by 2025. In addition, Toyota's Clean Assist program, which matches residential charging with renewable electricity to reduce emissions, generates revenue that has been reinvested into California's transportation electrification. The deployment locations were selected based on criteria such as resident income levels, demographics, air quality, and potential for EV adoption. The new chargers will be strategically placed in high-traffic areas to support local populations and promote EV use.
Positive
- Deployment of 350kW DC fast chargers in underserved communities in California.
- Partnership with EVgo, a major public fast charging network.
- Target operational date for chargers set for 2025.
- Toyota's Clean Assist program helps reduce emissions from residential charging.
- Revenue generated from Clean Assist reinvested in transportation electrification in California.
- Strategic location of chargers in high-traffic areas to support local EV drivers.
- Selection of deployment sites based on criteria ensuring equitable access.
Negative
- No immediate financial benefit for Toyota; chargers operational only by 2025.
- Potential high costs associated with installation and maintenance of fast chargers.
- scope of deployment, with only two initial locations.
News Market Reaction
On the day this news was published, TM declined 2.18%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
- Toyota's EV Charging Solutions collaborates with EVgo on deployment of 8-stall DC fast charging stations in
California cities - Toyota's support helps provide charging equity for underserved communities
"Providing 'Mobility for All' is our north star as we look to support and facilitate equitable EV charging opportunities for all customers," said Christopher Yang, group vice president, Business Development, Toyota Motor North America. "We want to help ensure these underserved communities are not overlooked in the EV transition, and providing support for these charging facilities helps provide access to those who may not have easy access to home or public charging options."
Toyota's Clean Assist program, launched in 2021, matches residential customer charging with renewable electricity, thereby helping to reduce emissions generated from charging. In
"Expanding access to public charging infrastructure is critical to our mission of accelerating the mass adoption of EVs," said Dennis Kish, President of EVgo. "We are proud to partner with Toyota to build new fast charging resources that will support the equitable distribution of charging infrastructure in the Golden State."
The cities receiving DC fast chargers were chosen using the CalEnviroScreen tool and based on certain criteria such as resident income levels, demographics, air quality levels, and areas that have or are expected to have meaningful EV penetration.
For example, in
"As a member of the California Air Resources Board and the Sacramento Air Quality Management District, I am extremely excited that Toyota and EVgo have selected Arden Fair Mall as the site for a new 8-stall electric vehicle charging station," Councilmember Eric Guerra said. "We'll continue to look for ways to reduce carbon emissions and I'm proud of the work our region is doing to meet our air quality goals."
The
"Investing in public charging not only supports EV drivers, it also benefits everyone in our community by encouraging zero emissions travel in an area that has experienced historically poor air quality," said Senator Susan Rubio. "This new fast charging station in
Toyota will look to continue supporting local communities through its Empact Vision, helping enable the transition to electrification for all, working to ensure that no one is left behind in the fight against carbon emissions. For more information on Toyota's electrified vehicle offerings, please visit www.Toyota.com/electrified.
About Toyota
Toyota (NYSE:TM), creator of the Prius hybrid and the Mirai fuel cell vehicle, is committed to building vehicles for the way people live through our Toyota and Lexus brands, and directly employs more than 63,000 people in
Over the past 65 years, Toyota has assembled nearly 47 million cars and trucks in
Through our more than 1,800 North American dealerships (nearly 1,500 in the
For more information about Toyota, visit www.ToyotaNewsroom.com.
About EVgo
EVgo (Nasdaq: EVGO) is a leader in electric vehicle charging solutions, building and operating the infrastructure and tools needed to expedite the mass adoption of electric vehicles for individual drivers, rideshare and commercial fleets, and businesses. EVgo is one of the nation's largest public fast charging networks, featuring over 1,000 fast charging locations across more than 35 states, including stations built through EVgo eXtend™, its white label service offering. EVgo is accelerating transportation electrification through partnerships with automakers, fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, and gas stations, policy leaders, and other organizations. With a rapidly growing network and unique service offerings for drivers and partners including EVgo Optima™, EVgo Inside™, EVgo Rewards™, and Autocharge+, EVgo enables a world-class charging experience where drivers live, work, travel and play.
For Toyota customer inquiries, please call 800-331-4331.
Toyota Media Contact:
Toyota Motor North America
Josh Burns
Joshua.Burns@Toyota.com
EVgo Contacts:
For Investors:
investors@evgo.com
For Media:
press@evgo.com
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SOURCE Toyota Motor North America