This report examines recent trends in transportation electrification with a focus on EV-related filings by investor-owned electric utilities. Since 2012, utility commissions across the country have approved almost $1.5 billion in transportation electrification investments [1]. Between January and June 2020, $60 million in utility investment was approved. These approvals could support an additional 485 Level 2 and 70 DC fast charging (DCFC) stations. This does not include the $701 million approval issued by the New York Department of Public Service on July 16 for a make-ready infrastructure program split across six of the state’s utilities. It also does not include the $436 million Charge Ready 2 program from Southern California Edison approved in late August 2020. Approved utility investment between January and June 2020 is down almost 50 percent from the amount approved in the first two quarters of 2019 (see Figure 1), but the significant investments approved shortly after the time period covered by this report reveal that utility investment is can occur in large increments. This stems partially from the lengthy nature of the regulatory approval process, which has generally been exacerbated by the COVID-19 pandemic.
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Publisher: Atlas Public Policy
Date: October 9, 2020
Type: Research Reports
Countries: United States
States: None