Toyota Teams Up With Revel For Free Fast Charging In NYC: Details

Toyota Motor Corporation TM shares are trading lower on Tuesday.

The company has announced an agreement with Revel to provide Toyota and Lexus battery electric vehicle (BEV) customers with complimentary access to Revel’s DC fast charging network in New York City for about three years, until October 14, 2027.

Toyota Ventures, Toyota’s early-stage venture capital firm, first invested in Revel in 2019.

Revel currently operates 64 fast-charging stalls in New York City across four stations in Manhattan, Brooklyn, and Queens. In the next year, Revel plans to grow its NYC network to 300 fast-charging stalls. 

According to Benzinga Pro, TM stock has lost over 4% in the past year. Investors can gain exposure to the stock via Avantis International Large Cap Value ETF AVIV and Pacer Trendpilot International ETF PTIN.

Read: Toyota Aims To Reduce EV Costs with Gigacasting Machine

“Working with Revel will help elevate the charging experience for our customers in the New York City area while underscoring Toyota’s commitment to supporting sustainable mobility solutions and enhancing the ownership experience,” said Christopher Yang, group vice president, Toyota EV Charging Solutions.

Meanwhile, the company was recently in the headlines for delaying electric vehicle (EV) production in North America to the first half of 2026 due to slowing sales in the key auto market.

The car manufacturer cited design adjustments as a factor for the postponement and will reconsider the start date, reported Nikkei.

The company plans to launch 10 new EV models globally by 2026, with the Kentucky plant’s SUV anticipated to be part of its next-generation EVs featuring an updated chassis.

Price Action: Toyota shares are down 2.59% at $170.57 at the last check Thursday.

Photo by RYO Alexandre on Shutterstock

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