August 12, 2025 - 01:52

Revel has announced its decision to discontinue its ride-hailing service in New York City, redirecting its efforts towards establishing a robust electric vehicle (EV) charging network in select urban areas. This strategic pivot reflects a growing trend among companies to prioritize sustainable transportation solutions in response to increasing environmental concerns and the demand for cleaner energy sources.
The company aims to create a comprehensive infrastructure for electric vehicles, facilitating easier access to charging stations for EV users. By concentrating on this initiative, Revel hopes to contribute to reducing carbon emissions and promoting the adoption of electric vehicles.
The transition comes as cities worldwide are ramping up efforts to support electric mobility, with many local governments implementing policies to encourage the use of EVs. Revel's commitment to building an EV charging network highlights its dedication to sustainability and innovation in the rapidly evolving transportation landscape. As the company embarks on this new chapter, it seeks to play a significant role in shaping the future of urban mobility.
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Warsh Taps Fed Task Force Chiefs. They’re Global Bankers, Business Leaders and Academics.Kevin Warsh, a former Federal Reserve governor, has selected a group of global bankers, business leaders, and academics to head a series of task forces aimed at reviewing key aspects of the central...
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