Rural electric co-ops are embracing the electric vehicle (EV) trend.
Vermont Electric Cooperative (VEC) is now offering a $250 credit to members who buy a Level II EV charger, which replenishes energy about four times faster than a standard 120-volt outlet. The Johnson, Vt.-based co-op asks members not to charge their cars between 5:00 p.m. and 9:00 p.m. to avoid peak demand. The initiative is part of VEC’s Energy Transformation Program to reduce consumption of fossil fuels and production of greenhouse gases.
“We’re excited to offer this new strategy to help members transition to electric vehicles in a way that benefits all co-op members,” said Lisa Morris, the energy services planner at VEC. “Off-peak electric use is less expensive and cleaner, so if we can encourage off-peak charging, the whole co-op can save money and cut down on emissions.”
Just down the road from VEC, the Washington Electric Co-op offers discounts on the purchase of electric vehicles, electric lawn mowers, and electric bikes.
Both co-ops are standing ready on the front lines of the growing global EV charging infrastructure market, which according to a recent report was worth $6.45 billion in 2018. The already significant market is expected to reach $95.98 billion—almost 15 times its current value—by 2027.