Iberdola USA To Invest At Least 5% Of Annual Fleets Budget Into PHEVS, BEVs
NOV 4 2014 BY MARK KANE
Iberdrola USA, part of Iberdrola Group, supplies nearly three million customers in natural gas and electricity and is deeply involved in solar and wind power generation. Now, Iberdola is announcing an investment in plug-in cars.
The company signed a commitment agreement with the Edison Electric Institute (EEI) to spend at least five percent of its annual fleet acquisition budget on plug-in electric vehicles (PEVs) and equipment.
5% is a good second step as Iberdola USA already spent more than $4 million on fleet electrification. Its fleet already consists of 84 PEV’s/hybrids and 13 hybrid bucket trucks.
“The EEI fleet electrification commitment is part of its long-term strategy to help develop the market for plug-in vehicles. EEI is encouraging its member companies to expand their use of electric vehicles & technologies and lead the way in demonstrating the benefits of PEVs to the public and supporting growth of that nascent industry.”
Kevin Walker, COO of Iberdrola USA Networks stated:
“Our commitment will benefit and no doubt grow the alternative fuel technologies market. Iberdrola USA has spent more than $4 million on fleet electrification during the last six years. We’ve discovered the many benefits of alternate-fuel transportation, and we’re not going to stop.”
“Besides the dollars and cents benefits to the bottom line, electrification of our fleet has great intangible benefits too. Moving to alternate-fuel vehicles will help reduce our nation’s dependence on foreign oil; help slow the rate of climate change; and make our customers happier. Iberdrola USA once again is leading by example and showing our customers the benefits and possibilities of making the switch.”
EEI President Tom Kuhn commented:
“I commend Iberdrola USA for its leadership as it is helping to usher in a new era of clean transportation for our nation. This commitment to electric vehicle transportation makes good business sense, and will benefit local communities and customers.”