📜 1,000 New EV Plates Approved, Business Entity Allocation Limited

NYC TLC unanimously approved issuance of 1,000 NEW EV-only TLC Plates. 400 (of 1,000) business entity allocation will be limited to 25 per entity (EIN / SSN). Applications will open in "mid-March"

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• TLC approved release of up to 1,000 NEW EV-only vehicle licenses (a/k/a TLC Plates)

• 400 (of 1,000) allocation reserved for business entities now has 25 license per entity (EIN/SSN) limitation

• Online application to apply will open in “mid-March”

• All other proposals unanimously approved

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The NYC Taxi & Limousine Commission (TLC) 🚕 approved all proposals discussed in yesterday’s piece at today’s Commission meeting, notably the release of 1,000 NEW EV-only FHV Licenses (a/k/a TLC Plates).

Business Entity Allocation Limits

There was one surprising (& welcome) announcement related to putting limits on the 400 (of 1,000 business entity allocation) to 25 per business entity (defined as an EIN tax ID or Social Security Number). Previously, a single business entity could technically apply for the entire 400 allocation on a “first come, first serve” basis.

Details On When & How To Apply

TLC Chair & Commissioner David Do also stated that further (specific) details on how to apply for the new EV-only TLC Plates would be made public in the coming weeks, reiterating that drivers SHOULD NOT buy an electric vehicle until that guidance is given. Do indicated that the online “statement of interest” and overall application would open in “mid-March”, first to individual drivers and then to business entities.

Click here for a link to full meeting recording.

As always, let us know your thoughts in the comments section below or by emailing us at info@automarketplace.com.

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