Blink Charging Applauds USPS as it Delivers on Push to

Miami Beach, Fla., July 22, 2022 (GLOBE NEWSWIRE) — Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the “Company”), a Leading Owner, Operator and Provider of Electric Vehicle (“EV”) Charging Equipment and Services, Commends the Biden Administration and the USPS for taking a significant step forward in moving the country toward greater adoption of electric vehicles (EVs). On July 20, 2022, the United States Postal Service (USPS) announced plans to electrify at least 40% of its new delivery fleet. Currently, the Postal Service operates the largest fleet of vehicles in the United States, with over 200,000 mail delivery and collection vehicles.

“The United States Postal Service’s announcement is a victory for the entire electric vehicle industry,” said Michael Farkas, Founder and CEO of Blink Charging. “I commend the Biden administration and members of Congress who have advocated for the inclusion of more electric vehicles in the postal fleet. Purchasing electric vehicles is only the first step in developing a full transition to electric vehicles. »

The increase in the number of electric vehicles to 40% in the Next Generation Delivery Vehicle (NGDV) is significant, as the USPS ordered only 10,019 electric vehicles out of an initial order of 50,000 vehicles, and it has stated in the past that only 10% of vehicles purchased over the term of the contract will be electric. Additionally, while including many more electric vehicles in the NGDV program, the Postal Service also said it would purchase 34,500 commercial off-the-shelf vehicles over a two-year period.

Mr Farkas added that “substantially increasing the proportion of electric vehicles in the postal fleet is a vital step, but much more can be done to increase the number of electric vehicles across the country.”

“As the Postal Service plans to recharge its future fleet, Blink has the solutions that will benefit both the Postal Service and the American people,” Farkas continued. “We look forward to working with the Biden administration, Congress, and individual states to ensure the nation’s charging infrastructure will meet Americans’ growing demand for electric vehicles.”

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About Flashing Load

Blink Charging Company (Nasdaq: BLNK, BLNKW), a leader in electric vehicle (EV) charging equipment, has deployed more than 48,000 charging ports in 19 countries, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of Blink’s charging points around the world. Blink’s core product and service line includes the Blink EV Charging Network (“Blink Network”), EV Charging Equipment, EV Charging Services and products and services from recent acquisitions including SemaConnect, Blue Corner and BlueLA. The Blink Network uses proprietary cloud-based software that operates, maintains and tracks network-connected electric vehicle charging stations and associated charging data. With global EV purchases expected to reach 10 million vehicles by 2025 from approximately 2 million in 2019, Blink has established key strategic partnerships to drive adoption in many types of locations, including parking lots, multi-family residences and condos, workplaces, healthcare/medical facilities, schools and universities, airports, car dealerships, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets and transport hubs. For more information, please visit https://www.blinkcharge.com/.

Forward-looking statements

This press release contains forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements and words such as “anticipate”, “expect”, “intend”, “may”, “will”, “should” or other comparable terms, involve risks and uncertainties. because they relate to events and depend on circumstances that will occur in the future. These statements include statements regarding the current intention, belief or expectations of Blink Charging and its management, and the assumptions on which such statements are based. Potential investors are cautioned that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in Blink Charging’s periodic reports filed with the SEC, and that actual results may differ materially. of those contemplated by such forward-looking statements. research statements. Except as required by federal securities law, Blink Charging assumes no obligation to update or revise any forward-looking statements to reflect changed terms.

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