PUBLIC SERVICE ENTERPRISE GROUP, INC. An expected surge in the use of electric vehicles in New Jersey over the next decade will change the way many people use power at home.
EV charging alone could double the demands on the portion of the electric system that brings power to households, and that's not the only change on the horizon. More people are working or attending school at home and we're adding more renewable and clean energy sources to the grid. Meanwhile, customers continue to demand advanced features from their electric service provider.
Taken together, these trends will dramatically increase the complexity of the electric system.
For years, PSE&G has been preparing for the transition to electrified transportation by piloting EV charging programs that, in addition to promoting environmental benefits, also have provided insights into the demands EV charging will place on the electric grid. With the number of EVs in PSE&G's service territory expected to grow to approximately 500,000 by 2030 - from around 30,000 today - it will be crucial that the utility understands the infrastructure needed to support reliable charging at a rapidly increasing scale.
To accommodate new patterns of electric demand, PSE&G is increasingly focused on the "last mile," the segment of the electric distribution system that connects to individual homes. Looking ahead, reliability down to the individual home level will need to be improved.
PSE&G has taken a leading role in the state's EV transition with the roll out of a $166 million program to promote the development of EV charging infrastructure across our electric service territory. The program is designed to help ease "range anxiety" - the fear that there aren't enough convenient charging locations - and help accelerate the widespread adoption of EVs.
PSE&G's EV program clears the way for investments to support chargers in single-family homes, multifamily buildings, government facilities, publicly accessible parking lots and along high-traffic corridors such as the New Jersey Turnpike and Garden State Parkway. We're already working with EV charging providers to install public charging stations in parking lots throughout the utility's electric service territory.
The program is expected to avoid 14 million metric tons of carbon emissions through 2035, reduce air pollution linked to lung disease and other ailments, and create about 400 direct and indirect jobs. All PSE&G electric customers are eligible for incentives through the program. To learn more, visit www.pseg.com/ev or email PSEG-Electric.Vehicles@pseg.com.
As we embark on this path to reduced emissions and cleaner transportation, PSE&G remains laser-focused on understanding how and when people will charge their EVs and how new demands for power will impact the electric system to ensure we maintain best-in-class reliability.
More information about PSEG's commitment to environmental leadership can be found in its Sustainability Report and ESG Performance Report.
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PSEG - Public Service Enterprise Group Inc. published this content on 01 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 October 2021 18:41:03 UTC.
