Press release
ComEd Announces New EV Rebates for Business and Public Sector Customers; Applications to Open February 15
ComEd launching $87 million in new rebates to incentivize expansion of electric vehicle charging, bring greater access to zero-emissions vehicles throughout
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[{"type":"text","content":"\nComEd launching $87 million in new rebates to incentivize expansion of electric vehicle charging, bring greater access to zero-emissions vehicles throughout region\n\n\n CHICAGO--(BUSINESS WIRE)--\nAs part of a larger investment to accelerate an equitable adoption of electric vehicles (EVs) in northern Illinois, ComEd is launching two new business and public sector EV rebate programs. New programs will provide a total of $87 million this year to help reduce upfront costs of all-electric commercial and public sector fleet vehicle purchases and incentivize the buildout of more business and public charging across the region.\n\n\nComEd today joined a diverse mix of environmental, community, industry, and municipal stakeholders in announcing its newest EV rebates from the annual Chicago Auto Show, held at McCormick Place. The two new EV rebate programs will begin accepting applications on February 15, 2024, with funds awarded on a first come, first served basis. New EV rebates for businesses and public sector customers follows the recent launch of the EV Charger and Installation Rebate Program for residential customers, for which customer can apply for by visiting ComEd.com/Clean.\n\n\n“Working with our partners in northern Illinois, ComEd is committed to helping customers benefit from zero emissions vehicles, which can significantly reduce pollution and enhance air quality for all residents across our communities,” said Erica Borggren, ComEd Vice President of Customer Solutions. “Through new targeted incentives, we are aiming to accelerate the transition toward all-electric fleets, cars, buses, and trucks, while at the same time catalyzing the buildout of a regional network of public EV charging to serve more customers – a key factor to growing EV adoption equitably.”\n\n\nNew programs launching in 2024 include a total of $87 million for business and public sector EV initiatives. This year, $57 million in rebates will be available for business and public sector EV purchases, and $30 million in rebates are available to support electrical infrastructure “make ready” upgrades needed for the installation of publicly available Level 2 and Level 3 charging stations. Level 2 chargers can charge an EV battery 6 to 8 times faster than charging from a wall outlet, often referred to as a Level 1 charger. Level 3 chargers, often referred to ...