Press release
ComEd Announces New Initiative to Award Instant Discounts for Electric Fleet Vehicles in Northern Illinois
Partnership with EV dealers, manufacturers to accelerate EV fleet adoption, leveraging rebates through ComEd’s nearly $90 million in EV funding made
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[{"type":"text","content":"\nPartnership with EV dealers, manufacturers to accelerate EV fleet adoption, leveraging rebates through ComEd’s nearly $90 million in EV funding made available for 2024\n\n OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--\nDuring the annual Chicago Drives Electric event, ComEd today announced the Point of Purchase initiative, which leverages ComEd’s EV rebate programs and will deliver instant discounts to qualifying business and public sector customers in the market for electric fleet vehicles. The initiative, designed to provide more certainty around the total costs of a conversion to all-electric fleet vehicles, is powered by a growing collaboration of more than 30 auto dealerships, various EV manufacturers and local EV stakeholders.\n\n“Making the switch to electric vehicles shouldn’t be a challenge, which is why ComEd is committed to offering resources, tools and programs to remove barriers to EV adoption,” said Melissa Washington, Senior Vice President of Customer Operations at ComEd. “Earlier this year, we launched our EV rebate program to help make it easier for customers to make the switch to electric vehicles. The new Point of Purchase EV rebate initiative, and the ability to provide instant rebates to fleet customers, is a necessary continuation of our original offering to make widespread fleet electrification more achievable.”\n\nThe Point of Purchase is the latest initiative by ComEd to help make the transition to EVs accessible and equitable across northern Illinois. ComEd’s nearly $90 million in rebates launched earlier this year reserve nearly half of all funds, and rebates available in higher amounts, to low-income customers as well as those who reside in equity investment eligible communities, EIECs. Recognizing that upfront purchase cost is still a main barrier to EV adoption, the Point of Purchase initiative will help more commercial customers – including businesses of all sizes, and public sector customers--to qualify for fleet vehicle purchase rebates ranging from $5,000-$180,000 depending on vehicle type, at the time of purchase.\n\nThrough the Point of Purchase initiative, ComEd aims to help additional businesses and public sector customers accelerate their plans to electrify their vehicle fleets—including transitioning to light, medium and heavy duty on road electric vehicles, school buses and public transit bu...