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WEEKLY DIGEST

​Investor-Owned Utilities Investing $770 Million in Underserved Communities​

Source: EV Hub

In the first half of 2021, electric utilities were approved to invest more than $44 million in underserved communities led by filings from San Diego Gas and Electric and Xcel Energy Colorado. This latest investment brings the total electric utility investment planned for underserved communities tracked on EV Hub to $770 million.

Xcel Energy’s comprehensive transportation electrification plan dedicates $22 million of investment to underserved communities and San Diego Gas & Electric’s make-ready extension adds $21.8 million. Pending filings in New Mexico, Michigan, and Pennsylvania could add an additional $4 million of investment in underserved communities if they are approved.

Beyond dedicated investment, an approved filing from Atlantic City Electric worth $20 million contains equity goals but does not allocate a specified percentage to underserved communities. Specifically, the program includes a multi-family dwelling rebate program that offers higher rebates for multi-family dwellings in underserved communities.

State legislators continue to play an important role driving investment in underserved communities. Nearly all of the $44 million approved so far in 2021 comes from California or Colorado where legislators have enacted laws that require utilities to prioritize equity in transportation electrification.

Colorado’s Senate Bill 19-077, passed May 2019, directed utilities to prioritize equitable access when developing their transportation electrification plans. In its recently approved $110 million program, Xcel initially proposed allocating 15 percent of the investment to equity focused programs, but the Colorado Public Utilities Commission’s final order pushed Xcel to exceed this number, citing the mandate from the Bill.

California’s AB 841 goes a step further by requiring a minimum of 35 percent of investment pursuant to transportation electrification plans to be located in underserved communities. In total, California represents over 80 percent of dedicated funding for underserved communities.

To date, 62 out of the 143 filings tracked on the EV Hub include an equity goal in at least one element of the program. Equity elements are more common in 2021 than they have been in previous years with half of the 12 filings approved so far including at least one element that prioritizes investment in underserved communities.

Among programs that include at least one element that prioritize investment in underserved communities, over 30 percent of the total approved investment is designated for underserved communities. This represents a decrease of six percentage points from the last data story we released on December 21, 2020.

This update is the third in a series of data stories focused on equity investments in electric utility filings. The first data story was published in December 2019 followed by an update in December 2020. The series is published with the support of the Natural Resources Defense Council (NRDC).

Read the full data story here.

A Match Made in Heaven?

Can Electric Vehicles and Ride Sharing be a Match Made in Heaven? In this episode of EV Hub Live, Nick Nigro will sit down with EJ Klock-McCook of RMI and Adam Gromis of Uber to talk through the ups and downs of getting more ride-hail drivers in EVs and what policymakers need to be aware of in the near term.

Join here on Tuesday July 13 @ 4 PM EST.

Join here

What’s making news?

+ Forbes reports that Battery Electric Vehicles made up more than 10% of all vehicle sales in the UK in June and Battery and Plug in Electric Vehicles made up more than 17% of all sales (almost double the 9.5% from June 2020). EV Sales in Australia and New Zealand also more than doubled over the past year (note: those markets are still very small).

+ Want to recharge at rest areas, park-and-rides, and similar facilities? Not so fast - it is currently illegal under Federal law to commercialize interstate right of ways. However that may change with legislation in the Transportation bill that passed the House in early July.

+ A recent survey indicates that more than two thirds of British Columbia residents are considering purchasing an EV over the next 5 years. Many indicated that they have put off a purchasing decision until after the pandemic. The pent-up demand could put a strain on EV supply.

+ Good news on charging for trucks. Recent research indicates that 80-90% of substations are capable of safely charging trucks - an important pre-requisite for electrifying the road and ensuring that charging doesn’t lead to outages.

+ Audi expects that in 2-3 years, EVs will be as profitable as combustion engines.

+ Jeep (and friends) are getting into EVs. This week, Stellantis (which owns Jeep, Fiat, Dodge, Chrysler, Alfa Romeo, Maserati, Citroen, Peugeot, Vauxhall, Opel, Lancia and Ram) pledged $36 billion in investments in EV over the coming five years. This means that 98% of their models will be EVs or hybrids by 2025.

+ Volkswagen is considering selling a $1 billion stake in Electrify America to help the organization grow

What’s trending?

At the halfway point in the year, its worth taking a breath to look at where the media is covering covering EV stories around the country. Three states haven’t run a single EV story in 2021 - Nebraska, Montana and Mississippi.

Meanwhile, California leads the way with Illinois, Georgia and Maryland next.

Explore more with Media Pulse

Jobs

Current job openings in transportation electrification:

Got a job posting to share with EV Hub users? Email us: info@atlasevhub.com.

Events

  • The Veloz Summit Series: Charging Our Way Forward to the 2035 Goal will bring together public and private sector leaders in the ZEV infrastructure space to consider the unique and nuanced questions and forge innovative solutions to make electric for all a reality ($50). Tuesday July 13th @ 12pm EST.

RSVP here
  • Transitioning to electric trucks and their requisite charging infrastructure will require large investments in new assets. Many questions remain about who will own and operate these assets and how they will be financed. Join NACFE and industry experts to learn about potential financing options and innovative business models. Tuesday July 13th @ 1pm EST.

RSVP here
  • This virtual event - the first of three - will examine the future of electric trucks with an emphasis on the EV charging infrastructure supply chain, federal initiatives for large-scale charging installations, and health and equity concerns for frontline communities. Wednesday July 14th @ 3pm EST

RSVP here

Hi Tom here. We are testing out some new things with the EV Weekly Digest. We would love your feedback. What do you love? What else do you want to see? Get in touch by replying to this email!

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