EEI Announces Two Major Electric Vehicle Initiatives at the White House

During a recent White House event , U.S. Department of Energy Secretary Ernest Moniz, Counselor to the President John Podesta, PG&E Corporation Chairman and CEO Tony Earley, and Edison Electric Institute (EEI) President Tom Kuhn announced two electric power industry initiatives to further commercialize electric transportation technologies. As part of an industry commitment to electric vehicles and clean energy, more than 70 investor-owned electric utilities will increase investment by an estimated $50 million per year, or $250 million over 5 years, to add more electric vehicles to their fleets starting in 2015.

"The commitment we're announcing today isn't just about purchasing more vehicles, and it's not just about utilities," said Earley. "It's about encouraging clean energy innovation, growing the marketplace for electric drive technologies and positioning our country—and our customers—to take full advantage of the incredible opportunity that electrification represents."

The initiatives and the vehicle unveiling are part of a broad industry effort to accelerate the adoption of PEVs and technologies by utilities. A white paper released by EEI in June titled, "Transportation Electrification: Utility Fleets Leading the Charge," offers a road map for a long-term, coordinated effort to further spur the development of electric vehicle technologies in the transportation market. The effort is led by EEI's Electric Transportation Task Force, which is co-chaired by Tony Earley and Portland General Electric CEO and President Jim Piro.

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Date Posted: 12/10/2014