American Electric Power to Electrify More of Vehicle Fleet
September 28 2020 - 4:15PM
Dow Jones News
By Stephen Nakrosis
American Electric Power Co., Inc. on Monday said it intends to
have all 2,300 cars and light-duty trucks in its fleet be electric
vehicles by 2030.
AEP said it will increase its purchase of electric vehicles to
that end.
The total fleet numbers almost 8,000 vehicles, the energy
company said, and it plans to transition medium- and heavy-duty
vehicles and off-road equipment as electric and hybrid alternatives
become available. It also plans to electrify 50% of its forklifts
by 2030.
AEP said it is working with customers and communities to
encourage the switch to electric vehicles. The company created
programs and incentives, including off-peak charging programs,
energy efficiency rebates, and consulting services. It also
"partnered with ChargePoint to offer tailored evaluations for
commercial and industrial customers considering electrifying their
fleets," it said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
September 28, 2020 16:00 ET (20:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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