Xcel Energy’s Electric Transportation Vision is to power 1.5 million Electric Vehicles (EVs) across the areas we serve by 2030. Achievement of this vision means that 20% of all vehicles within our footprint would be replaced with EVs by 2030. Through new electric vehicle customer programs, EV charging infrastructure and our energy, we are bringing our long history of clean energy leadership to transportation, developing innovative partnerships with our communities, customers and others. By supporting 30 times more EVs on the road by 2030 than today, we will: help cut carbon emissions by eliminating 5 million tons of carbon from the transportation sector in 2030 and each year thereafter, lower fuel and maintenance costs for EV drivers, and keep bills affordable for all customers. Our customers can fuel an EV for the equivalent of $1 per gallon or less when charging off peak, conveniently at their homes, and an EV powered with Xcel Energy’s electricity today is 58% cleaner than a conventional car – and by 2030, it will be 84% cleaner given our goal to reduce carbon emissions from electricity. To support our ambitious vision, announced in August of 2020, Xcel Energy is focused on developing, launching and implementing industry-leading programs to assist our customers throughout each step of their transportation electrification journey. In tandem, we are working to integrate EVs with our distribution system and developing rates and managed charging offerings to encourage charging during low-cost time periods. We embrace an emphasis on equity, as the EV transition should be accessible and affordable.

Through our existing programs in Colorado, Minnesota, and Wisconsin, and others that will be available to customers in New Mexico in the Spring of 2022, we are helping customers with education and advisory services, make-ready infrastructure and charging equipment, rebates and managed charging. As part of our residential customer advisory services, we offer customers EV information, tools and hands-on experiences like EV test drives at community events. And since over 90% of people buy their new car at an auto dealer, we have created a network of EV dealers that offer customers in-showroom tools, information and the option to sign up for our home charging program in the showroom before they drive their EV off the lot.  For our commercial customers, we are supporting make-ready infrastructure for a wide variety of needs, including fleet, workplace and public charging, as well as building our own public charging networks. We’re helping customers with fleets assess their electrification opportunities and developing community-level plans to meet local and regional community EV goals. By making connections and investments—with partners, communities and stakeholders— we are accelerating the adoption of EVs and enhancing our customers’ EV experience. For more information, visit our website at http://ev.xcelenergy.com and http://xcelenergy.com/commercialevs.