Championed by green-minded Mayor Greg Ballard, BlueIndy was first announced in 2013, with early estimates saying there'd by as many as 500 EVs and 1,000 charging stations throughout the city. BlueIndy owner Bollore Group, backed by French billionaire Vincent Bollore, was going to pay $35 million to provide the cars, with the city set to provide the rest of the needed cash. The EVs were going to cost $15 an hour to rent, though that proverbial meter runs only when the cars are actually being driven.
Now, Indianapolis is about $13 million short. That's because Indiana Utility Regulatory Commission put the kibosh on raising power rates in order for Indianapolis Power & Light Co. to foot the bill for what was most recently slated to be 250 charging stations. And there's little political will to push for the needed cash, so it looks like those EVs will be sitting parked and looking pretty for a little while.