By Stephen Nakrosis 
 

American Electric Power Co., Inc. on Monday said it intends to have all 2,300 cars and light-duty trucks in its fleet be electric vehicles by 2030.

AEP said it will increase its purchase of electric vehicles to that end.

The total fleet numbers almost 8,000 vehicles, the energy company said, and it plans to transition medium- and heavy-duty vehicles and off-road equipment as electric and hybrid alternatives become available. It also plans to electrify 50% of its forklifts by 2030.

AEP said it is working with customers and communities to encourage the switch to electric vehicles. The company created programs and incentives, including off-peak charging programs, energy efficiency rebates, and consulting services. It also "partnered with ChargePoint to offer tailored evaluations for commercial and industrial customers considering electrifying their fleets," it said.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

September 28, 2020 16:00 ET (20:00 GMT)

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