Electric vehicles (EV) are becoming common on the roads and businesses in King of Prussia have noticed. Throughout the region, companies and residential buildings have installed EV charging stations, making it easier for EV drivers to recharge for daily commuting. Currently, 16 charging stations located throughout KOP are available for use by the public, with more on the way.
There are a variety of programs to help property owners fund installation of EV charging stations. In addition to federal tax benefits, Pennsylvania’s Drive PA Forward campaign includes the Level 2 Charging Rebate Program. Since September 2018, businesses and multifamily developments can apply for rebates up to $5,000 for installing EV charging stations for public or non-public use. Approximately $9.2M is allocated to this 5-year program to incentivize commercial properties and to make it easier for EVs to operate.
King of Prussia District offers its own incentive for commercial and multifamily property owners to create amenities, like EV charging stations, as part of a return-to-KOP strategy. The Placemaking Partner Initiative is accepting applications in 2022 from property owners located within our district for matching funds, up to $10,000, to install public placemaking features and sustainable transportation enhancements, including EV charging stations.
The US Department of Energy (USDE) and Pennsylvania Department of Environmental Protection are promoting the switch to EVs to improve the nation’s environmental and energy security. If a complete switch to EVs was made, greenhouse gas emissions would lower by more than 60% and demand for oil imports would drop more than 80%.