18 Oct '15, 2pm

PG&E to Invest $100M in Plug-in Vehicles

PG&E to Invest $100M in Plug-in Vehicles

PG&E announced plans to invest $100 million to purchase all-electric and plug-in hybrid electric vehicles over the next five years to reduce fuel costs and lower emissions. PG&E operates approximately 1,400 plug-in electric and electric hybrid vehicles, one of the largest fleets of plug-ins in the nation. The company currently dedicates about 15 percent of its fleet budget to plug-in electric technology, many times the five-year industry average of 1.7 percent. The $100 million commitment will add more than 750 plug-in electric units to PG&E’s fleet of over 14,000 vehicles, roughly double the current pace. “The electrification of our transportation system will be essential in helping California to meet its long-term goals for greenhouse gas reductions. Converting more of our fleets to electric vehicles is a powerful way for the utility industry to take the lead and set an ...

Full article: http://electriccarsreport.com/2015/10/pge-to-invest-100m-...

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