© Reuters. The electric vehicle charging station is pictured in Pasadena
(Reuters) – California on Thursday approved a $ 437 million construction to build thousands of electric vehicle chargers.
The money will go to Southern California utility Edison (A 🙂 to fund the installation of nearly 40,000 chargers, the California Public Utilities Commission said in a statement.
The program will help the state meet its goal of getting 5 million zero-emission vehicles on the road by 2030, the CPUC said.
Half of the investment has to be made in low-income communities and 30% is used for apartment buildings where it is more difficult to charge for an electric vehicle.
Southern California Edison is a unit of Edison International (NYSE :).
Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges, but by market makers. As a result, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading loss you may incur as a result of using this information.
Fusion Media or any person involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please be fully informed about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.