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California approves the most important EV charging growth utility program ever

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© Reuters. The electric vehicle charging station is pictured in Pasadena

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(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 :).

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