NEWS: Energy and environmental policy
E3 Quantifies Benefits of Transportation Electrification in Colorado

Featured Image

June 16, 2020

Xcel Energy Colorado filed its Transportation Electrification Program on May 15th pursuant to Colorado legislation (SB 077). Cost-benefit Analysis from E3 supported the application.

The proposed program totals $102 million over 3 years. Includes a $500 home wiring rebate ($1,300 for low income) for up to 15,100 homes, a $2,000 rebate for approximately MUD 1,300 ports and a $2,200/$45,000 rebate for ~3,000 commercial L2/DCFC ports. (Docket 20A-0204E)

E3’s analysis quantified total and per vehicle benefits for the state, drivers and utility ratepayers for several vehicle segments, including multi-unit dwellings, rideshare and transit. The chart below shows that ‘socializing’ 50% of the charger and make-ready cost in utility rates still provides net ratepayer benefits (RIM) of $2,479 per EV and nearly doubles the net benefit for participating drivers (PCT).

Figure 1: Results of E3’s cost-benefit analysis of transportation electrification, across various cost tests and scenarios.

filed under: Energy and environmental policy


Join us:

"(Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

Connect with us:

E3