Press release
Xcel Energy Announces Transportation Vision to Power All Vehicles With Carbon-Free Energy By 2050
New 2050 vision expands ambitious 2030 goals supporting clean, affordable transportation MINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy today announced a new
About this update from Xcel Energy Inc.
[{"type":"text","content":"\nNew 2050 vision expands ambitious 2030 goals supporting clean, affordable transportation\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nXcel Energy today announced a new transportation vision that drives toward providing the infrastructure and energy to run all vehicles in its service area on carbon-free electricity or other clean energy by 2050. Expanding upon the company’s existing 2030 electric vehicle (EV) vision supports its overall goal to become a net-zero energy provider by 2050. By enabling a zero-carbon transportation future, the company’s clean energy can also help customers save billions of dollars in fuel costs and deliver cleaner air for everyone.\n\n“Xcel Energy is making incredible progress and has already reduced power sector carbon emissions by 50% since 2005,” said Bob Frenzel, chairman, president, and CEO of Xcel Energy. “As we expand our clean energy leadership to transportation, which is the largest emitter of greenhouse gases in the nation, we know that electric vehicles are a key component of our comprehensive strategy to be a net-zero energy provider by 2050.”\n\nXcel Energy’s zero-carbon transportation vision for 2050 includes:\n\n\nProviding the fueling infrastructure and energy system to run all vehicles in its service area on carbon-free electricity or other clean energy.\n\n\nEnsuring all customers can access affordable, convenient electric vehicle charging at or within one mile of their homes and that underserved communities have opportunities to participate in Xcel Energy programs and the economic development benefits associated with zero-carbon transportation.\n\n\nOperating a zero-carbon Xcel Energy fleet.\n\n\nXcel Energy was the first in the industry to set ambitious greenhouse gas goals across all the ways its customers use energy: electricity, heating and transportation. The new vision complements the company’s interim goal of enabling one out of five vehicles in the areas it serves to be electric by 2030 which was announced in August of 2020. Under its 2050 vision, all vehicles would run on zero-carbon fuel, which may be electricity or other clean energy like carbon-free hydrogen for future fuel cell electric vehicles.\n\n“To avoid the most catastrophic effects of climate change, we must drastically reduce greenhouse gas emissions in the coming decades,” said Jason Albritton, director, climate and e...