ComEd Honored with Drive Electric Award by Plug in America for its Efforts to Advance EV Adoption
ComEd, a leading energy company in northern Illinois, has been awarded the 2024 Drive Electric Award by Plug in America for its efforts to advance electric vehicle (EV) adoption. ComEd's initiatives include:
1. Launching nearly $90 million in EV rebate programs for residential, business, and community customers.
2. Supporting the incentivization of nearly 1,600 charging ports and 109 electric fleet vehicle purchases.
3. Creating the EV Readiness Program to help local communities prepare for EV growth.
4. Developing online resources like the ComEd EV Toolkit and EV Service Provider network.
These efforts align with Illinois' goal of putting 1 million EVs on the road by 2030, as set by the Climate and Equitable Jobs Act (CEJA).
ComEd, una delle principali aziende energetiche nel nord dell'Illinois, ha ricevuto il 2024 Drive Electric Award da Plug in America per i suoi sforzi nel promuovere l'adozione di veicoli elettrici (EV). Le iniziative di ComEd includono:
1. Il lancio di quasi 90 milioni di dollari in programmi di rimborso per veicoli elettrici destinati a clienti residenziali, alle imprese e alla comunità.
2. Il supporto per l'incentivazione di quasi 1.600 stazioni di ricarica e 109 acquisti di veicoli elettrici per flotte.
3. La creazione del Programma di Prontezza per EV per aiutare le comunità locali a prepararsi per la crescita degli EV.
4. Lo sviluppo di risorse online come il ComEd EV Toolkit e la rete di fornitori di servizi EV.
Questi sforzi sono allineati con l'obiettivo dell'Illinois di mettere su strada 1 milione di EV entro il 2030, come stabilito dal Climate and Equitable Jobs Act (CEJA).
ComEd, una de las principales compañías de energía en el norte de Illinois, ha sido galardonada con el 2024 Drive Electric Award por Plug in America por sus esfuerzos para promover la adopción de vehículos eléctricos (EV). Las iniciativas de ComEd incluyen:
1. El lanzamiento de casi 90 millones de dólares en programas de reembolso para EV para clientes residenciales, comerciales y comunitarios.
2. El apoyo a la incentivación de casi 1,600 estaciones de carga y 109 compras de vehículos eléctricos de flota.
3. La creación del Programa de Preparación para EV para ayudar a las comunidades locales a prepararse para el crecimiento de los EV.
4. El desarrollo de recursos en línea como el ComEd EV Toolkit y la red de proveedores de servicios de EV.
Estos esfuerzos están alineados con el objetivo de Illinois de poner 1 millón de EV en las calles para 2030, según lo establecido por la Ley de Clima y Empleos Equitativos (CEJA).
ComEd는 일리노이주 북부의 주요 에너지 회사로, 전기차(EV) 보급을 촉진하기 위한 노력으로 Plug in America로부터 2024 Drive Electric Award를 수상했습니다. ComEd의 이니셔티브는 다음과 같습니다:
1. 주거용, 상업용 및 지역 사회 고객을 위한 거의 9천만 달러 규모의 EV 리베이트 프로그램 시작.
2. 거의 1,600개의 충전소와 109대의 전기 플릿 차량 구매를 장려하는 지원.
3. 지역 사회가 EV 성장에 대비할 수 있도록 돕기 위한 EV 준비 프로그램 생성.
4. ComEd EV Toolkit 및 EV 서비스 제공업체 네트워크와 같은 온라인 리소스 개발.
이러한 노력은 기후 및 공정 일자리 법(CEJA)에서 설정한 2030년까지 100만 대의 EV를 도로에 배치하겠다는 일리노이주의 목표와 일치합니다.
ComEd, une entreprise énergétique de premier plan dans le nord de l'Illinois, a reçu le 2024 Drive Electric Award de Plug in America pour ses efforts en faveur de l'adoption de véhicules électriques (VE). Les initiatives de ComEd incluent :
1. Le lancement de près de 90 millions de dollars en programmes de remboursement pour VE pour les clients résidentiels, commerciaux et communautaires.
2. Le soutien à l'incentivisation de près de 1 600 points de recharge et de 109 achats de véhicules électriques pour flottes.
3. La création du Programme de Préparation aux VE pour aider les communautés locales à se préparer à la croissance des VE.
4. Le développement de ressources en ligne telles que le ComEd EV Toolkit et le réseau de prestataires de services VE.
Ces efforts sont alignés avec l'objectif de l'Illinois d'avoir 1 million de VE sur les routes d'ici 2030, comme le prévoit la loi sur le climat et les emplois équitables (CEJA).
ComEd, ein führendes Energieunternehmen im Norden von Illinois, wurde für seine Bemühungen zur Förderung der Akzeptanz von Elektrofahrzeugen (EV) mit dem 2024 Drive Electric Award von Plug in America ausgezeichnet. Die Initiativen von ComEd beinhalten:
1. Die Einführung von fast 90 Millionen Dollar in Rückerstattungsprogrammen für EV für Privatkunden, Unternehmen und die Gemeinschaft.
2. Die Unterstützung der Anreize für fast 1.600 Ladepunkte und den Kauf von 109 elektrischen Flottenfahrzeugen.
3. Die Schaffung des EV-Vorbereitungsprogramms, um lokalen Gemeinschaften bei der Vorbereitung auf das Wachstum von EVs zu helfen.
4. Die Entwicklung von Online-Ressourcen wie dem ComEd EV Toolkit und dem Netzwerk von EV-Serviceanbietern.
Diese Bemühungen stehen im Einklang mit dem Ziel von Illinois, bis 2030 1 Million EVs auf die Straßen zu bringen, wie im Climate and Equitable Jobs Act (CEJA) festgelegt.
- ComEd received the 2024 Drive Electric Award from Plug in America, recognizing its efforts in advancing EV adoption
- Launched nearly $90 million in EV rebate programs for customers
- Supported incentivization of nearly 1,600 charging ports and 109 electric fleet vehicle purchases
- Created the EV Readiness Program to help local communities prepare for EV growth
- Developed online resources like the ComEd EV Toolkit and EV Service Provider network
- None.
Insights
ComEd's recognition with the Drive Electric Award highlights its strategic positioning in the rapidly growing EV market. With 111,000 EVs currently registered in Illinois and
The focus on equity and accessibility in EV adoption could expand ComEd's customer base and strengthen its market position. By addressing barriers to EV adoption, ComEd is not only aligning with state policies but also potentially creating new revenue streams. However, the rapid growth in EV adoption may strain the grid, requiring significant infrastructure investments. Investors should monitor how ComEd balances these opportunities and challenges in the coming years.
ComEd's initiatives align perfectly with Illinois' Climate and Equitable Jobs Act (CEJA), positioning the company as a key player in the state's clean energy transition. The focus on equitable EV adoption is particularly noteworthy, as it addresses a important aspect of environmental justice. By offering larger rebates in low-income and equity communities, ComEd is helping to ensure that the benefits of EVs are not to affluent areas.
The EV Readiness Program, supporting over 30 communities in developing EV infrastructure, demonstrates a holistic approach to EV adoption. This proactive stance could give ComEd a competitive edge as other utilities catch up to EV trends. However, the true test will be in the long-term impact on emissions reduction and energy consumption patterns. Investors should watch for concrete data on how these initiatives translate into measurable environmental benefits.
While the award itself doesn't directly impact ComEd's financials, it underscores the company's strategic investments in the EV sector. The
ComEd's focus on equity could also mitigate regulatory risks and potentially open up new funding opportunities. However, investors should consider the capital expenditure required for grid upgrades to support increased EV charging. The long-term financial impact will depend on how effectively ComEd can monetize its EV initiatives and manage the associated infrastructure costs. Keep an eye on future rate case decisions and any changes in regulatory frameworks that could affect ComEd's ability to recover these investments.
Top honors in the utility category a testament to ComEd’s work to remove barriers and support widespread, equitable EV adoption in northern
EVs are on the rise in
“As I’ve said since day one of my administration, a clean energy future is meaningless if it leaves behind the historically disenfranchised and perpetuates inequities. ComEd is working alongside state programs like CEJA to ensure this isn’t the case, and I’m grateful for their leadership,” said Governor JB Pritzker. “This award recognizes the work they’ve done to make EVs accessible to a broader audience of Illinoisans, helping us on our goal of 1 million EVs on the road by 2030.”
“ComEd has made targeted investments to help remove barriers and empower more customers to tap into the benefits of EVs, while our industry-leading reliability has given them confidence in charging,” said Gil C. Quiniones, President and CEO of ComEd. “This recognition from Plug in America is a testament to the work we are doing alongside our communities and partners across the region to ensure that everyone can enjoy the economic and environmental benefits that come with Illinois’ fast-growing EV ecosystem.”
Through its annual Drive Electric Awards, Plug In America has selected the top individuals and organizations who are making an impact in the electric vehicle movement. This marks the first time that ComEd is recognized. Other honorees this year include
“ComEd has established itself as a leader in the EV transition. They have taken a comprehensive approach to removing barriers to EV adoption for customers, dealers, fleets and communities,” said Joel Levin, Executive Director of Plug in America. “Most notable is their focus on EV equity, including higher rebates and point-of-purchase rebates to reduce upfront costs. They also target the most impacted communities by reducing pollution through fleet electrification programs. We applaud ComEd for helping
Through investments in its infrastructure, delivering the most reliable and clean energy in the nation, and through customer resource programs, ComEd aims to help ease the transition for customers who are interested in switching to EVs.
Most recently, ComEd launched nearly
ComEd has also created tailored programs to help prepare local communities to accommodate the growth of electric vehicles (EVs) and EV infrastructure. Through the EV Readiness Program, created in partnership with and administered by the Metropolitan Mayors Caucus, more than 30 communities have received training to support them in the development of permitting, safety plans and community engagement strategies so that EV use is made accessible to all.
“ComEd has launched innovative transportation electrification initiatives that are responsive to the needs of our region. Recognizing that local governments are essential partners in the safe and rapid adoption of electric vehicle technologies, they have partnered with the Metropolitan Mayors Caucus to support municipalities in becoming EV Ready Communities, said Kevin Burns, Mayor of the
Customers interested in an EV can also find a number of online resources to support them no matter where they are on their EV journey. The ComEd EV Toolkit is a free, one stop shop resource to help customers get individualized cost savings data, information on different vehicles and chargers and a public charging finder tool. The new EV Service Provider network connects customers with ICC-certified vendors to support their EV charger installation. Additionally, ComEd offers an EV load capacity map and a free fleet electrification assessments to help communities plan and site infrastructure that will support EV drivers.
For more on this year’s Plug In America Drive Electric awards, visit their website.
About ComEd
ComEd is a unit of
View source version on businesswire.com: https://www.businesswire.com/news/home/20240904495414/en/
ComEd Media Relations
312-394-3500
Source: ComEd
FAQ
What award did ComEd receive for its efforts in EV adoption?
How much has ComEd invested in EV rebate programs?
What is Illinois' goal for EV adoption by 2030?
How many EVs are currently registered in ComEd's service territory?
What online resources has ComEd developed to support EV adoption?
