AES Indiana and Motor partner to help facilitate electric car adoption through digital platform

Rhea-AI Summary

AES Indiana has announced a partnership with Motor to boost electric vehicle (EV) adoption in Indiana. This initiative aims to simplify the EV charging process and reduce rates for all customers, including those without electric cars. AES Indiana plans to implement a new charging rate and offer incentives for EV owners. The collaboration will enhance the customer experience through a digital platform that facilitates EV subscriptions, purchases, and community sharing solutions. This partnership is designed to provide economic and environmental benefits while supporting a greener energy transition.

Positive

• Partnership with Motor aims to accelerate electric car adoption in Indiana.
• New electric car charging rate proposed to reduce costs for all customers.
• Incentives planned for electric car owners, including rebates and ongoing benefits.
• The initiative enhances the customer experience with a digital platform for EV services.

Negative

• None.

INDIANAPOLIS, March 2, 2021 /PRNewswire/ -- AES Indiana, a subsidiary of the AES Corporation (NYSE: AES), today announced a new partnership with Motor that will accelerate electric car adoption and make charging electric cars easier and more affordable in Indiana.

AES Indiana aims to optimize the timing of electric car charging and reduce rates for all utility customers, even those who do not drive an electric vehicle. When customers get their electric car, Motor can help facilitate the installation of home charging equipment.

"We continue to accelerate efforts to deliver reliable, greener, and smarter energy solutions for our customers that allow them to meet their sustainability objectives," said Kristina Lund, President and CEO, AES Indiana. "This partnership with Motor provides a broad array of grid, economic and environmental benefits and is an innovative approach toward electrifying transportation, while creating benefits for all customers, even if they do not drive an electric car."

AES Indiana's plan filed with the Indiana Utility Regulatory Commission (IURC) today, requests approval of a new electric car charging rate that encourages broader adoption without an immediate need for building additional infrastructure. The plan also requests for any electric car owner to benefit from a one-time charger rebate and recurring annual incentives for ongoing participation in the Motor program.

AES Indiana and Motor aim to accelerate the adoption of electric cars by providing services that improve the end-to-end experience of electric car adoption for customers. Through a digitally enabled platform, AES Indiana and Motor will simplify the electric car adoption journey for customers. Motor provides flexible electric car subscription services for individual customers, a digital electric car purchasing platform that will increase sales from Central Indiana automobile dealers, and a community car sharing solution for workplaces, apartments, and campuses.

"We are excited to partner with AES Indiana to accelerate electric car adoption by providing a simplified customer experience. Motor facilitates the expanded use of electric cars in a way that helps utilities keep the transition affordable for all customers and benefits reliability on the grid," said Praveen Kathpal, President of Motor. "People love driving today's latest electric car models because they are quick, quiet and comfortable. Motor makes it easier than ever to choose an electric car that fits your lifestyle from the convenience of your phone."

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About AES Indiana
AES Indiana, an AES Company, provides retail electric service to more than 500,000 residential, commercial, and industrial customers in Indianapolis, as well as portions of other Central Indiana communities surrounding Marion County. During its long history, AES Indiana has supplied its customers with some of the lowest-cost, most reliable power in the country. Connect with AES Indiana on Twitter, Facebook, and LinkedIn. For more information about how AES Indiana is accelerating the future of energy, visit aesindiana.com/hellofuture.

About Motor 
Motor is a company dedicated to accelerating the adoption of electric cars. We work with individuals, businesses, and utility companies to make it simpler for people to start driving electric. For more information, visit motorev.net/drive or follow Motor on Facebook, LinkedIn, and Instagram. Motor is a subsidiary of The AES Corporation.

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SOURCE AES CORP.

FAQ

What is the partnership between AES and Motor about?

AES Indiana partnered with Motor to facilitate electric car adoption and improve charging solutions in Indiana.

What benefits does the new plan for electric car charging offer?

The plan includes reduced rates for all customers and incentives for electric car owners.

When was the partnership with Motor announced?

The partnership was announced on March 2, 2021.

How will the partnership with Motor impact AES Indiana customers?

It aims to provide cost savings and a streamlined experience for both electric vehicle and non-electric vehicle customers.

What is the stock symbol for AES Corporation?

The stock symbol for AES Corporation is AES.