California regulators have approved three plans from the state’s three largest utilities, which will cumulatively result in nearly $768 million in electric vehicle (EV) infrastructure spending.
This is the largest coordinated effort for state-level EV infrastructure spending to date.
The project is the result of legislation requiring the California Public Utility Commission (PUC) to facilitate infrastructure plans from Pacific Gas & Electric (PG&E), San Diego Gas & Electric (SDG&E), and Southern California Edison (SCE).
- PG&E will spend more than $22 million on installing 230 direct current fast-charging stations.
- PG&E and SCE will spend $236.3 million and $342.6 million, respectively, “on infrastructure and rebates to support electric trucks, buses, and other medium or heavy-duty vehicles,” including 1,500 charging stations for those vehicles.
- SDG&E set aside $136.9 million to give rebates to up to 60,000 customers who install charging stations in their homes.
- All three utilities set aside $29.5 million to study the effectiveness of their programmes.
The industry is promoting a move away from reliance on oil and gas however; rapid adoption could put pressure on the grid, making demand management more of a challenge.
According to the International Energy Agency (IEA) there are currently three million electric passenger EVs on the road.
Norway has the highest EV market share numbers in the world with 39% of its cars being electric. China’s EV market share is now up to 2.2%, from 1.5% in the previous year.
The Californian utility spend project is seen as a step forward to boost the policy changes needed to increase EV adoption.