AEP plans to adopt EV alternatives for part of its vehicle fleet by 2030
- Sep 30, 2020 3:58 pm GMTSep 30, 2020 1:43 pm GMT
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American Electric Power said that it plans to replace all of its 2,300 cars and light-duty trucks with electric alternatives by 2030.
The utility’s total fleet includes nearly 8,000 vehicles, including medium- and heavy- duty vehicles. By converting medium- and heavy-duty vehicles as electric or hybrid models become available, AEP said it will achieve its goal of electrifying 40% of its vehicle fleet in less than 10 years. Plans also call for electrifying 50% of its forklifts by 2030.
AEP estimated that it will avoid using more than 10 million gallons of fuel, amounting to a $40 million savings in fuel costs over the life of the vehicles.
The utility’s fleet currently includes 85 EVs, and employees have access to more than 230 charging ports at locations across its 11-state service territory.
On the consumer side, AEP Ohio is deploying 375 charging stations in partnership with local governments, workplaces and multi-family dwellings. In addition, AEP is working with ChargePoint to offer evaluations for commercial and industrial customers considering electrifying their fleets. The utility said that fleet electrification requires companies to evaluate their site, their local electric facilities and an array of charging equipment options.