Switch to EVs cuts fuel costs by $15m for PG&E
California’s PG&E utility has reported major cost and CO2 savings following the launch of alternative fuel technologies across its fleet.
The company runs nearly 14,000 vehicles, of which over 30% are alternative fuel vehicles, including natural gas, hybrid electric vehicles (HEV), battery electric vehicles (BEV) and plug-in electric hybrid vehicles (PHEVs) as of 2017.
Following the deployment of over 1,600 EVs, HEVs and PHEVs, the company say it’s reduced its fleet emissions by nearly 40,000 metric tons since 2011 while also saving over $15m in fuel costs by displacing nearly four million gallons of diesel and gasoline. Last year, the firm said the fuel savings amounted to $3.8m.
The company has also reported significant savings in maintenance costs due to the simplicity of design that electric and electric hybrid drivetrains offer.For more of the latest industry news, click here.