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Revel Shuts Down to Boost EV Charging Stations

8/11/2025

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Summary

Story summary

Revel, the electric rideshare service in New York City, will shut down on August 11 to pivot towards enhancing EV charging infrastructure. CEO Frank Reig emphasized this strategic move aims to bolster the electric vehicle transition, with plans to skyrocket charging stations from 100 to 2,000 by 2030 amid changing demand.

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Story summary

Revel, the electric rideshare service in New York City, will shut down on August 11 to pivot towards enhancing EV charging infrastructure. CEO Frank Reig emphasized this strategic move aims to bolster the electric vehicle transition, with plans to skyrocket charging stations from 100 to 2,000 by 2030 amid changing demand.