We are developing a suite of electric vehicle programs for residential and business customers, in keeping with our company’s leadership in carbon emissions reduction and the high priority Colorado leaders place on EV adoption. The programs are designed to help our customers overcome cost barriers to EV adoption, to increase awareness of EVs and their benefits, and to encourage vehicle charging during low-cost times. As part of our commitment to equity, we want to empower electrified transportation choices and the benefits of clean energy for all our customers.
We filed our Transportation Electrification Plan in May 2020, and the Colorado Public Utilities Commission approved a modified version in December 2020.
In 2019, Gov. Jared Polis set a goal of 940,000 electric vehicles by 2030. Senate Bill 19-077 built on that executive order and required Colorado’s electric utilities to file detailed plans in May 2020 for the development of electricity as a transportation fuel. We will now work with the Commission, stakeholders and customers to implement the approved EV programs.
The Colorado TEP is an important part of our company-wide vision (external link) to reach 20% electric vehicles in our eight-state service area. And it’s all part of our commitment to reduce emissions from the electricity we provide our customers by 80% by 2030, with a vision to provide 100% carbon-free electricity by 2050.
Filing materials related to the initial proposal are available below. You can also follow the proceedings and access electronic filings at the Colorado Department of Regulatory Agencies (external link). Search for Proceeding No. 20A-0204E.
See the details of our 2030 electric vehicle vision (external link) in Xcel Energy's eight-state service region
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