ComEd Announces New Programs To Accelerate Adoption Of EVs Across Northern Illinois; $231M Investment To Expand Electrification Includes New Ev Charging Delivery Rate Option To Incentivize Charging Buildout
Portfolio Pulse from Happy Mohamed
ComEd, a subsidiary of Exelon Corporation (EXC), has announced new programs to accelerate the adoption of electric vehicles (EVs) in northern Illinois. The company is investing $231 million in customer programs to remove barriers to electrification, including a new EV Charging Delivery Rate option to incentivize the buildout of an expanded network of EV charging infrastructure. ComEd is also expanding its EV Readiness program, which helps local governments develop policies and programs for EV integration. The initiatives are part of the state's Climate and Equitable Jobs Act, which aims to put 1 million EVs on Illinois roads by 2030.
August 09, 2023 | 3:40 pm
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Exelon Corporation's subsidiary, ComEd, is investing $231 million in programs to accelerate the adoption of electric vehicles in northern Illinois. This could potentially increase the company's customer base and revenues in the long term.
ComEd's investment in EV adoption programs could potentially increase its customer base and revenues as more people switch to electric vehicles. This could have a positive impact on Exelon's stock price in the long term.
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