N.E.V.I.

National Electric Vehicle Infrastructure Formula Program

The National Electric Vehicle Infrastructure (NEVI) Formula Program will provide $5 billion over five years to help states create a network of electric vehicle (EV) charging stations along designated Alternative Fuel Corridors, particularly along the Interstate Highway System, including Puerto Rico.

What is NEVI?

  • The National Electric Vehicle Infrastructure (NEVI) Formula Program will provide $5 billion over five years to help states create a network of electric vehicle (EV) charging stations along designated Alternative Fuel Corridors, particularly along the Interstate Highway System.
  • NEVI was established as part of the Bipartisan Infrastructure Law (BIL) of 2021, also known as the Infrastructure Investment & Jobs Act (“IIJA”).
  • The program will also establish an interconnected network to facilitate data collection, access, and reliability.
  • In order to qualify for program funding, each state and territory is required to submit an EV Infrastructure Deployment Plan (EVIDP) to the U.S. Department of Transportation (DOT) and U.S. Department of Energy (DOE) newly formed Joint Office for “review and public posting” describing how the state intends to distribute NEVI funds. 
 

Why NEVI is important to Puerto Rico?

The N.E.V.I funds are playing a crucial role in the development of Puerto Rico’s Electrical Vehicle infrastructure. By providing financial support for the construction of EV charging stations, these funds are helping to increase the accessibility and convenience of EVs for Puerto Rican residents and visitors alike. This is important not only for the environmental benefits of reducing emissions and dependence on fossil fuels, but also for the economic benefits of attracting tourism and investment in sustainable infrastructure. Combining the support of the N.E.V.I funds with the private sector Puerto Rico will be on track to becoming a leader in the adoption and advancement of Electric Vehicles in the Caribbean region.

 

Unique Opportunity for Puerto Rico

The development of the Electric Vehicle industry in Puerto Rico is fundamental for several reasons. Firstly, the transition of commercial fleets to electric vehicles can significantly reduce carbon emissions and improve the island’s air quality, which is crucial for public health and environmental sustainability.

Secondly, the growth of the Electric Vehicle industry in Puerto Rico has the potential to create new jobs and stimulate the economy, particularly in manufacturing, infrastructure development, and renewable energy.

Thirdly, educating the public on the benefits of electric vehicles and providing training for electric vehicle maintenance and repair can help create a new economy around this emerging industry, with skilled workers and businesses ready to meet the growing demand for electric vehicle adoption.

Finally, the trend toward electric vehicle sales is on the rise globally, and Puerto Rico has the opportunity to capitalize on this by creating a supportive and attractive environment for electric vehicle buyers and manufacturers. By doing so, the island can become a leader in the Caribbean region for electric vehicle adoption and development.

Overall, the development of the Electric Vehicle industry in Puerto Rico is essential for addressing environmental concerns, stimulating economic growth, creating new jobs, and embracing future trends.

Puerto Rico’s EV Market

Macro Overview

Market

2023

0 %

An average of 6,000 cars between Electric, Plug-In Hybrid and Traditional Hybrid transit on the roads.

Sales Up

thru 2025

0 %

increase every year

Electric cars have a sales projection of an increment of 50% every year. Based on U.S estimates, including Puerto Rico. 

Future

2030

0 %

market size

Companies upgrading their commercial fleets and new low-entrance rate EV models will accelerate the path to EV adoption. 

**Based in 2022 projections and data

Since 2021 Velocicharge has been established as the First Premier Fast-Charge Public Network Station in Puerto Rico.

About

Our EV User

$ 0 -
$ 0

Average Spent

EV users spent between $19 to $23 in average per charging session.  

0 %

EV Users

Recharge their EV with a solar panel system

0 -
0

visits per month

Estimated average EV user visits per month

 

Average

Charging Time

0 min
0 hrs

Level 3

Level 2

Level 3 drives the most traffic in each station. At the same time, level 2 chargers are frequent requested by Hybrid Plug-in users. 

Average Time from

Setup to Charge

0 min

First users invest more time in setup the app and the payment methods. The average is held for around  2 minutes the second time and further.

Multitasking

Shopping

Cinema

Food / Snacks

0 %
0 %
0 %

EV users organize their charge sessions around their needs or desires. 

**Based on internal sales reports and face-to-face interviews. 2022 data.

Around the Customer Behavior

Top reasons EV users prefers charging at Public Stations vs at their homes.

Near at home

0 %

On my daily taks rute

0 %

Reliability

0 %

Fast Charge

0 %
**Sample: 221 Velocicharge Users. Survey conducted at 2023 with active users.

Same Vision!

Provide: Reliability, Access and Security

The NEVI program & VELOCICHARGE seek the same standards for EV users.

We offer a CHADEMO* & CCS connectors to provide convenience during the charging need. Each location is provided with almost 1 fast charger (Level 3).
*Availability only at some locations.
Each EVSE is remotely monitored, and each location complies with current and future power capacity. A recurrent power validation is completed to ensure uninterrupted and reliable charging for electric vehicles.

Our hardware and commercial-grade installation has maximum parameters:

  • Overcurrent
  • Overvoltage and undervoltage
  • Ground fault
  • Surge protection
  • PE (protective earth) continuity monitoring
  • Leakage current monitor protection
  • UL certification

We offer the best in class equipment ABB manufacturing, and powered industrial-grade installations. Our commitment to excellence is reflected in our outstanding 99.7% uptime charge service, ensuring that our customers can always rely on us to receive a premium experience service.

 

With a prime level of execution in our management, we handle thousands of transactions daily across our four locations. Drawing from our expertise in managing over 70 recurrent EVSE in apartments, condominiums, commercial and pharmaceutical settings, we provide a reliable and efficient operational experience to our customers.

 
 

Our four locations offer top-notch amenities, catering to the needs of our customers. We curate these locations in favor of consumer needs and behavior trends. Covering two of the main interstate roads PR2 & PR52

 
 
 

We use proprietary non-intermediary software providing a seamless interaction experience to the users. Not only to provide a contactless payment method but also to educate and maintain an open communication channel during the charge session. 

 
 
 
 

We provide security cameras and remote monitoring in each of our four locations to deliver the best experience possible. This is combined with clean and illuminated surroundings. 

 

Our Privacy Policy & Terms and Conditions are updated regularly to meet data privacy requirements to ensure ultimate data privacy compliance. Always keep the user informed and in charge of their data.

 
Reliability
Customer
Service
Location
Experience
Secure
Management
COHESIVE & 360 EV OPERATOR
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