PG&E Rolls Out New Programs to Accelerate EV Adoption In Underserved Communities; Offers Income-Eligible Customers Up To $2,500 In Incentives To Help Cover The Cost Of Installing EV-Charging Equipment At Their Single-Family Residences
Portfolio Pulse from Happy Mohamed
Pacific Gas and Electric Company (PG&E) is launching two new programs, Empower EV and Multifamily Housing and Small Business EV Charger, to improve access to electric vehicle (EV) charging infrastructure in underserved communities. The programs offer no-cost EV charging infrastructure and resources to help cover the costs of installing chargers at homes, multifamily housing units, nonprofit organizations, and small businesses in low- and moderate-income communities. The Empower EV program offers income-eligible customers up to $2,500 in incentives to help cover the cost of installing EV-charging equipment at their single-family residences.
July 18, 2023 | 3:56 pm
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POSITIVE IMPACT
PG&E's new programs to improve access to EV charging infrastructure in underserved communities could potentially increase the company's customer base and revenues. The programs align with California's goals for vehicle electrification and climate action, which could enhance PG&E's reputation and market position.
PG&E's new programs are designed to improve access to EV charging infrastructure in underserved communities, which could potentially increase the company's customer base and revenues. The programs also align with California's goals for vehicle electrification and climate action, which could enhance PG&E's reputation and market position. Therefore, the news is likely to have a positive impact on PG&E's stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100