In recent months, several utilities have announced major infrastructure investments to encourage development of electric vehicle (EV) charging infrastructure. The investments are designed to promote the adoption of EVs by reducing range anxiety or the concern that battery power will run out before reaching a destination.
The development of a robust charging infrastructure will remove a primary barrier to EV adoption. Electric utility investment may provide critical infrastructure needed for the wider adoption of EVs. Utilities are well positioned to play a pivotal role as they can provide capital or incentives for public or private infrastructure development. In return, utilities may have an opportunity to rate-base investments and leverage EVs as a distributed energy resource during grid operations.
Edison Electric Institute: Transportation Electrification: Utility Fleets Leading the Charge
Atlanta Business Chronicle: Georgia Power Motors into Transportation Fuel Business with $12M Pilot
Kansas City Star: KCP&L Plans to Install 1,001 More Charges for Electric Cars
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