Eau Claire, Wisconsin- (Nov. 12, 2020) – Today, Xcel Energy is launching a new electric vehicle program for residential customers that would simplify and significantly lower the cost to install EV chargers at their homes.
“By transitioning to electric vehicles, we will help customers achieve significant savings on their transportation costs while delivering cleaner air for everyone,” said Mark Stoering, president, Xcel Energy-Wisconsin. “Interest in EVs is growing, as more models become available and prices come down. We want to continue to support our customers who choose to drive EVs”.
The program aligns with Xcel Energy’s vision to reduce carbon emissions 80% by 2030 from 2005 levels in the electricity provided to customers and to supply 100% carbon-free electricity by 2050.
Under the program, known as EV Accelerate At Home, eligible customers can choose to have Xcel Energy install a smart EV charger with embedded energy-monitoring capabilities. This equipment can charge a customer’s EV faster than a charger that plugs into a typical household outlet. Customers can pay for the equipment and charging service monthly on their bill or up-front. Participating customers can save the most money when charging their vehicles exclusively during off-peak hours from midnight-8 a.m.
Earlier this year, Xcel Energy announced a vison to partner with its customers, communities and key stakeholders to have 20% of all vehicles in the eight states served by the company be powered by electricity by 2030 – which is about 1.5 million EVs on the road.
For additional information on Xcel Energy’s electric vehicle programs, customers can email us at ElectricVehiclesWI@xcelenergy.com, or visit https://ev.xcelenergy.com/ev-accelerate-at-home-wi
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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.
