Xcel Energy has decided to halt its plan to construct over 700 electric vehicle (EV) charging stations in Minnesota due to limitations imposed by the Commission’s recent decision on the company’s electric rate case. The project, which would have used nearly $200 million in customer funds, aimed to support Minnesota’s goal of achieving 100% carbon-free electricity by 2040. Xcel Energy expressed concern that the decision may make reaching this goal more expensive for both the customers and the company. They will seek reconsideration of the decision and evaluate their investments in a cleaner energy system. However, Xcel Energy remains committed to supporting EV adoption and transitioning to cleaner transportation. Read more here
Nick Zamanov is a head of sales and business development at Cyber Switching. He is an expert in EV infrastructure space and he is an EV enthusiast since 2012, Since then Nick strongly believed that electric vehicles would eventually replace Internal Combustion Engine (ICE) cars.