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A new report from the Edison Electric Institute and the Institute for Electric Innovation projects more than 7 million plug-in vehicles will be on U.S. roads by 2025, representing 7% of all vehicle sales and 3% of all registered cars and light-duty vehicles.
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During EEI’s Annual Convention in New Orleans, DOE Secretary Ernest Moniz and EEI President Tom Kuhn signed a memorandum of understanding June 8 to take a variety of joint actions to accelerate the adoption of EVs.
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More than 70 investor-owned electric utilities will increase investment by an estimated $50 million per year, or $250 million over five years, to add more EVs to their fleets, starting in 2015.
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Pacific Gas and Electric Co. is joining the Edison Electric Institute’s call to urge utilities to more than double their current investments in electric utility fleet vehicles.
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