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California Earmarks $738 Million to Promote EVs
California’s public utilities commission has approved $738 million in spending by the state’s public utilities to coax more consumers to use electric vehicles.
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California’s public utilities commission has approved $738 million in spending by the state’s public utilities to coax more consumers to use electric vehicles.
The money will be used to fund programs to build publicly accessible fast-charge facilities, expand charging networks for trucks and buses, and create discounts and rebates that apply to installations of home charging stations, Bloomberg News reports.
The commission’s unanimous vote responds to a California law passed nearly three years ago that sets a target of lowering the state’s greenhouse gas emissions 40% by 2030 compared with 1990 levels. The measure in part directs state agencies to push the businesses they regulate to help accelerate the pace of vehicle electrification.
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