Xcel Energy Has A Bold Plan To Put 1.5 Million Electric Cars On The Road By 2030

At-a-Glance:

Xcel Energy serves 3.3 million electricity customers in eight states — Minnesota, Michigan, Wisconsin, North Dakota, South Dakota, Colorado, Texas and New Mexico. In August, it announced plans to help put 1.5 million electric cars on the road in those states by 2030. It will do that by promoting electric cars, providing rebates for people who buy an electric car, helping customers install residential EV chargers, and expanding the public charging network for electric cars. To learn more, read “Xcel Energy Has a Bold Plan to Put 1.5 Million Electric Cars on the Road by 2030.”

Key Takeaways:

  • Part of the program will be targeted toward low income drivers in underserved communities.
  • With Xcel Energy’s low electricity prices, driving electric equates to spending about $1 per gallon of gas and can be even less when charging at off-peak times.
  • Xcel Energy’s vision is to provide 100% carbon-free electricity by 2050. Powering 1.5 million EVs by 2030 would reduce carbon emissions by nearly 5 million tons annually by 2030, or about 3 tons of carbon reduction per vehicle.

Path to 100% Perspective:

Accelerating EV adoption, with the help of a range of partners and supportive policies, can drive major reductions in carbon emissions while delivering customer savings and making the most of clean energy investments across multiple sectors. Targeting more communities, including underserved populations, will further normalize the presence of electric vehicles for consumers and create more familiarity with them.

 

Photo: Michael Marais on Unsplash