California Invests Three-Quarters Of A $Billion In Transportation Electrification

It’s no secret that California is pretty serious about reducing its carbon footprint, especially when it comes to vehicle emissions. One of the areas is directing a lot of focus on is the commercial transportation sector, which accounts for almost 40% of the state’s total carbon emissions.

In the midst of a state legislative action to obtain 50% of all electricity in California from renewable resources by the year 2030, the California PUC launched a new initiative at the end of May that will seriously advance the electrification of commercial vehicles. The move is viewed by experts in the field to be one of the most robust and well-organized moves toward such a goal that anyone has ever seen.

If you want to get down to dollars and cents, Pacific Gas & Electric will invest $236 million in infrastructure in the San Francisco area, funding such projects as the installation of DC fast chargers and rebates on purchases of heavy-duty electric vehicles like trucks, forklifts and cranes.

San Diego Gas and Electric is putting $137 million toward the reimbursement to customers for installing home charging stations for electric vehicles.

The largest investment, by far, will be made by Southern California Edison. This L.A. area company will invest $343 million toward the purchasing of electric commercial vehicles and the required charging equipment at 870 sites throughout the city. Representatives from SCE state that achieving their clean energy goals depends heavily on an electrified fleet of vehicles.

Regarding the recent initiative by the California PUC, the Natural Resources Defense Fund issued a statement, saying, “This marks the nation’s single largest investment by the electric industry to eat away at Big Oil’s longtime monopoly over transportation fuels. Diverting billions of gasoline and diesel fuel dollars that would otherwise go to oil companies can help lower transportation fuel bills — and also utility bills because electric vehicles can be charged when there is spare capacity in the electric grid. This spreads the costs of maintaining the grid over more sales, putting downward pressure on electric rates to the benefit of all utility customers.”