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NJ launches $8.5M electric car-sharing program to expand EV access in underserved communities.

Market News
09 Nov 2026, 14:00 WIB
GlobeNewsWire
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Bullish
NJ launches $8.5M electric car-sharing program to expand EV access in underserved communities.

Envoy and LACI, funded by an $8.5 million grant from the New Jersey DEP, are launching an electric vehicle car-sharing program across Hudson and Bergen counties. The initiative aims to provide affordable, flexible access to EVs for residents in overburdened communities, supporting New Jersey's clean transportation and emissions reduction goals. This program builds on prior successful pilots in California and represents LACI's first expansion outside that state. Deployments are set to begin soon, with up to 30 EVs available for hourly or daily use, helping reduce transportation emissions and improve air quality in disadvantaged areas.

The Envoy and LACI electric vehicle car-sharing initiative is backed by an $8.5 million grant from the New Jersey DEP. For readers following the Consumer Cyclical sector, here is Pluang's market snapshot as of Nov 09, 2026 17:51 WIB: of 134 priced US stocks, 82 rose and 30 fell. Notable prices include Alibaba Group (BABA) at USD 107.25 with a -2.01% change, Xpeng Inc (XPEV) at USD 10.04 with a -1.95% change, and Sea Limited (SE) at USD 77.20 with a +1.94% change.

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