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AEP launches program to put electric car charging stations across region

AEP launches program to put electric car charging stations across region

AEP Ohio is setting aside $10 million to help bring hundreds more electric vehicle charging stations statewide.

The in-state subsidiary of Columbus-based AEP Corp. wants to put in about 375 charging stations at public sites, workplaces and apartment complexes.

The project is a partnership with Smart Columbus, and AEP said that “information collected through this EV charging program will help cities and regions around the country develop their own EV charging initiatives.”

“Our program is a unique opportunity to learn how the availability of public and workplace charging impacts the decision to make the switch to an electric vehicle,”  Julie Sloat, AEP Ohio president, said in a statement.

The program offsets a portion of charging equipment and installation costs, with maximum amounts varying based on station type, owner and its accessibility to the public. Local governments, in particular, might be bale to install these stations at no cost if they meet the program’s requirements.

Applicants must be commercial and industrial customers in AEP Ohio’s service territory, which covers the central and southern parts of the state. It has a list of compatible charging equipment in an online application.

Funding will be made available in three waves beginning this fall and continuing through next spring.

market projection published by BloombergNEF forecasts that electric vehicle sales could explode in coming years – from 1.1 million sold in 2017 to 11 million in 2025, and 30 million by 2030. China will lead the transition, which would happen as electric vehicles become cheaper to make than internal combustion engines, it said.

 

 

 

 

 

Source: Columbus Business First

By:  Tristan Navera – Staff reporter, Columbus Business First
Aug 16, 2018, 2:24pm

LINK:  https://www.bizjournals.com/columbus/news/2018/08/16/aep-launches-program-to-put-electric-car-charging.html

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