PG&E plans to invest one-third of its annual fleet purchases in electric vehicles and plug-in hybrid vehicles over the next five years, totaling more than $100 million.
PG&E operates approximately 1,400 plug-in electric and electric hybrid vehicles, one of the largest fleets of plug-ins in the nation. The company currently dedicates about 15 percent of its fleet budget to plug-in electric technology, many times the five-year industry average of 1.7 percent. The $100 million commitment will add more than 750 plug-in electric units to PG&E's fleet of over 14,000 vehicles, roughly double the current pace.
"The electrification of our transportation system will be essential in helping California to meet its long-term goals for greenhouse gas reductions. Converting more of our fleets to electric vehicles is a powerful way for the utility industry to take the lead and set an example," said Tony Earley, chairman, CEO and president of PG&E Corporation.
Over and above the reduced carbon footprint and lower tailpipe emissions, PG&E has found that plug-in electric vehicles offer a wide-range of benefits, from lower operating costs for fuel and maintenance to extended vehicle life.
"We are seeing full payback on the increased initial investment in less than five years in many cases. In addition to the fuel savings, we're seeing dramatically lower vehicle emissions and a better on-the-job experience for our crews," said David Meisel, senior director of transportation services for PG&E.
PG&E leads the utility industry in incorporating PHEV technology in its own fleet, including pioneering electric power takeoff systems (ePTO) on the utility's "bucket trucks." This technology allows crews to operate all on-board equipment, including the aerial device and auxiliary systems, via a series of batteries, eliminating the need to idle the trucks at worksites.
In addition, last year PG&E acquired the utility industry's first plug-in electric class 5 utility work trucks from Dixon-based Efficient Drivetrains Incorporated. PG&E is now working on the deployment of the utility industry's first class of bucket trucks with plug-in electric drivetrains.