ComEd confirmed that the Illinois Commerce Commission (ICC) has approved its second Beneficial Electrification Plan. This plan builds upon an existing investment and will commit an additional $168 million over three years to support its Illinois ComEd customers who purchase or lease an EV or install a charger.
Commonwealth Edison, known more commonly as “ComEd,” is a 118-year-old company that currently operates as a subsidiary of Exelon. ComEd is hands-down the largest energy provider in Illinois and has made considerable contributions to EV adoption in the Land of Lincoln.
In 2023, ComEd proposed its first Beneficial Electrification (BE) Plan, which was approved under the guidance of the Climate and Equitable Jobs Act (CEJA) signed by Illinois Governor J.B. Pritzker in 2021. ComEd’s first BE Plan comprised a $231 million investment between 2023 and 2025.
Since February 2024, the energy company has used those funds to help Illinois residents purchase and install nearly 5,000 public and private EV charging ports (Level 2 and DCFC) and incentivize the purchases or leases of almost 1,000 new and pre-owned electric fleet vehicles. During this period, Illinois said it saw EV registrations grow nearly four times faster than the US as a whole.
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ComEd has committed another $168 million with BE Plan 2 to keep the momentum in Illinois EV adoption going, offering incentives through 2028.
Source: ComEd/YouTube
ComEd commits to EV incentives in Illinois through 2028
According to a release from ComEd, the Illinois Commerce Commission (ICC) has approved its second BE Plan, enabling the energy company to invest approximately $168 million more in EV incentives in Illinois from 2026 to 2028.
As mentioned above, BE Plan 2 builds upon ComEd’s original $268 million investment, which expires at the end of the year. It will help residential and commercial customers transition to EVs. Per ComEd president and CEO, Gil C. Quiniones:
The shift to EVs is a major milestone on the road to Illinois’ clean energy future, and it is part of a broader effort to electrify more of our region’s energy system. Through the expansion of our Beneficial Electrification programs, ComEd is helping to reduce carbon emissions, improve air quality, and enable all communities to enjoy the benefits and opportunities that flow from the global energy transformation.
Per ComEd, here’s how the $168 million in fresh funding will be broken down across EV incentive programs for Illinois customers:
$11 million toward the Residential EV Charger and Installation Program: Offers rebates of up to $2,500 per household to support the purchase and installation of residential Level 2 electric vehicle chargers.
$82 million toward the Business and Public Sector EV Purchase Program: Offers rebates for the purchase or lease of new or pre-owned fleet EVs of all weight classes.
$44 million toward the Business and Public Sector Make-Ready Program: Rebates for costs associated with making sites ready for public or private Level 2 of DC Fast Charging equipment.
$11 million toward a Customer Education and Awareness Program: Fund multiple efforts to empower customers to make informed decisions about vehicle electrification and charging infrastructure deployment. Includes free access to ComEd support tools including Fleet Electrification Assessments, EV Toolkits, and training programs for municipalities interested in achieving “EV Ready” status, plus free Fleet Electrification Assessments.
$11 million toward ComEd’s Research and Development Program: Will evaluate and demonstrate the impact of new transportation and electrification technologies.
$9 million toward a Portfolio Program: Funds a variety of initiatives spanning across multiple programs, to support a successful deployment of BE Plan 2 as a whole.
ComEd also stated that future EV-centric projects from 2026 onward located in, or primarily serving, low-income or Equity Investment Eligible Communities (EIECs) in Illinois, will be eligible for higher rebate amounts and receive more than 50% of the BE Plan 2 budget. So far in its BE Plan, over 70% of its awarded rebates have gone to low-income customers, businesses, and public sector organizations in low-income and EIECs.
As an Illinois native, this investment news makes me happy and proud. You can learn more about ComEd’s EV program here, or see if you qualify for any EV tax incentives at the state level (in any state) by checking out this detailed breakdown.
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Fortescue is marching towards zero emissions as it invests in new, zero-emission mining equipment options across its global operations. And that investment? It’s already paying off. One analyst says the company’s saving almost $400 million in fuel costs alone. Each year.
From massive, Liebherr-built electric haul trucks and excavators to more than $400 million in Chinese equipment from XCMG, Fortescue is putting its money where its mouth is and making real efforts to decarbonize its global mining operations.
“We’re moving rapidly to decarbonize our Pilbara iron ore operations and eliminate our Scope 1 and 2 terrestrial emissions by 2030. To achieve this target, we will need to swap out hundreds of pieces of diesel mining equipment at the end of their life with zero emissions alternatives,” said Fortescue Metals Chief Executive Officer, Dino Otranto, when the XCMG order was announced. “As the global mining industry continues to evolve, we’re proud to be at the forefront of driving innovation in value adding green technology and showing the world that industry can decarbonize.”
Those efforts aren’t just cutting back on air pollution. Electric equipment assets are helping to keep the company’s workers safe and healthy, too. What’s more, they’re saving the company money – they’re already seeing $300-400 million in fuel savings annually.
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Liebherr T264 electric haul truck
Liebherr T264; via Fortescue.
The Liebherr T264 electric haul trucks now working for Fortescue defy common sense notions of size, scale, and power. Each truck tips the scales at 176 tonnes (194 tons) and can haul more than 240 tonnes (265 tons) of payload thanks to powerful electric motors and a big-as-a-house-sized 3.2 MWh battery that can be recharged in a little over 30 minutes by Liebherr’s proprietary 6 MW DC fast charger.
If you could keep the car from exploding, that 6 MW (that’s 6,000 kW to you and me) charger could zap a Tesla Model Y Long Range’s 75 kWh battery in some thirty (30) seconds.
Meanwhile, big electric haul trucks like this 240 ton unit from Caterpillar can, in certain use cases with high amounts of regenerative braking, operate without any significant cost to recharge. At that point, the reduced maintenance and downtime of BEVs compared to diesel vehicles becomes icing on the TCO cake.
We spoke to Fortescue Zero executives a few months ago on a special interview episode of Quick Charge. Check it out (above) then let us know what you think of Fortescue’s fuel savings in the comments.
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This world’s first fully electric deconstruction site is being hailed as a landmark in sustainable urban development — and it’s powered by Siemens technology and Volvo Group’s battery-electric trucks and heavy equipment.
The deconstruction project (that’s kind of like a really careful demolition) marks the first full-scale electric deconstruction of its kind, and serves as important proof that with the right partners and the will to do it, urban construction projects like this can be carried out sustainably, today – and all without fossil fuels. It’s all part of Siemens’ €500 million technology campus redevelopment, the deconstruction site in Erlangen, Germany, and marks a pivotal step in advancing sustainable urban transformation and circular construction practices.
In collaboration with the demolition specialists at Metzner Recycling, Volvo CE deployed a fully electric fleet of equipment assets specially chosen to deliver quiet, precision demolition across the 25,000 cubic meter job site.
As well as deconstruction tasks, the electric machines helped sort and process approximately 12,800 tons of construction waste, with 96% recycled into raw materials for future use – supporting the shift towards circular materials management.
VOLVO CE
“At Siemens Real Estate, we are committed to pushing the boundaries of sustainable construction and demolition,” explains Christian Franz, Head of Sustainability at Siemens Real Estate. “This groundbreaking electric deconstruction project boasts an impressive 96% recycling rate and is a testament to our commitment to achieving excellence in sustainability … this project illustrates how partnerships and determination can create a lasting impact and help shape a more sustainable real estate industry.”
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In addition the construction equipment was hauled into the site by Volvo Truck’s battery electric semi trucks, enabling emission-free operations from demolition, to crushing, materials processing, and transport.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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Hyundai offered a first look at the hot hatch earlier this week after unveiling the Concept Three, its first compact EV under the IONIQ family. The new EV, set to arrive as the IONIQ 3, already has a sporty, hot hatch look, but that could be just the start.
Hyundai has a new EV hot hatch in the making
The Concept Three took the spotlight at IAA Mobility in Munich with a daring new look from Hyundai. Based on its new “Art of Steel” design, the concept is a stark contrast to the Hyundai vehicles on the road today.
Hyundai took the “Aero Hatch” design to the next level, deeming it “a new typology that reimagines the compact EV silhouette.” And that it does.
When it arrives in production form in mid-2026, it’s expected to take the IONIQ 3 name as a smaller, more affordable sibling to the IONIQ 5.
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Hyundai is set to unveil the electric hatchback next spring with an official launch planned in Europe in September 2026. According to Hyundai’s European boss, Xavier Martinet, the IONIQ 3 could make for the perfect EV hot hatch.
The Hyundai Concept THREE EV, a preview of the IONIQ 3 (Source: Hyundai)
Martinet hinted that the IONIQ 3 could receive the “N” treatment, telling Auto Express that “The concept is quite sporty, and obviously you have heritage with N brand.” Hyundai’s European boss added that “it’s a fair topic to consider.”
Although it doesn’t sound too convincing, Hyundai’s head of design, Simon Loasby, called it “an opportunity.” Loasby was quick to add, “We’re not calling it N, it’s not approved yet.”
The Hyundai Concept THREE EV, a preview of the IONIQ 3 (Source: Hyundai)
“But I think everyone in the company is realising what Europe needs, and that’s compact hot hatches, so it’s a topic for discussion,” Hyundai’s design boss added.
The Concept Three is 4,287 mm long, 1,940 mm wide, and 1,428 mm tall, with a wheelbase of 2,722 mm, or about the size of the Kia EV3 and Volkswagen ID.3. Both of which are set for hot hatch variants.
The Hyundai Concept THREE EV, a preview of the IONIQ 3 (Source: Hyundai)
If the IONIQ 3 N does come to life, it will be the third Hyundai EV to receive the high-performance upgrade, following the IONIQ 5 N and IONIQ 6 N.
The IONIQ 5 N “was just the first lap,” according to Joon Park, vice president of Hyundai’s N Brand Management Group. He told Auto Express that Hyundai is “at the starting line” and plans to apply what it learned from its first EV hot hatch to upcoming models.
If you’re looking for an affordable electric hot hatch, Hyundai already offers one. After Hyundai cut lease prices last month, the IONIQ 5 N is now listed at just $549 per month. That’s $150 less per month than in July.