Minneapolis (Dec. 8, 2021) – Xcel Energy today announced a new pilot offering in Minnesota that will provide easy and affordable ways for building owners and landlords to bring electric vehicle charging and access to their properties. This pilot will also support a carshare project in the Twin Cities metro area that provides environmentally friendly mobility options for residents of multifamily housing and surrounding communities.
Under this pilot, for eligible existing and new construction multifamily buildings, Xcel Energy will provide the necessary EV infrastructure and offer charging options that meet the building’s and tenants’ charging needs. Services include design, construction, and ongoing maintenance of infrastructure (transformer upgrade, new meter, necessary wiring), advisory services, and the option to pay a low monthly fee for Xcel Energy-provided charging equipment. Building owners and landlords can also purchase and install their own charging equipment.
This pilot will also support the installation of 50 electric vehicles at 25 multifamily sites as part of a wide-ranging partnership with HOURCAR, The U.S. Department of Energy, The American Lung Association, and East Metro Strong. These sites will increase accessibility to clean mobility options for income-qualified multifamily communities by providing electric vehicle car sharing options.
“We are absolutely committed to making electric transportation accessible to everyone, and this pilot will make it easier for our customers living in multifamily buildings to consider going electric,” said Chris Clark, president, Xcel Energy – Minnesota. “This new EV pilot can help them charge their vehicles on-site, reduce carbon emissions by tackling the largest source of carbon emissions in the country – the transportation sector – while helping them save money.”
This new pilot is part of Xcel Energy’s EV vision to power 1.5 million EVs on the road in the states we serve by 2030. As Xcel Energy increases the amount of renewable and carbon-free energy on its system, customers are increasingly charging with cleaner, reliable, and more affordable energy, allowing people to charge EVs at home for less than the equivalent of $1 per gallon of gas at off peak times. It also complements Xcel Energy’s vision to deliver 100% carbon-free electricity to customers by 2050. The company’s transition to more electric cars, trucks and buses will help keep bills low for all customers, including those who don’t drive an EV.
More information about this pilot and electric vehicles is available on the Xcel Energy website.
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About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.
