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.
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.
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.
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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