ComEd charges ahead with $100M in EV investments, thousands of new chargers

Northern Illinois utility ComEd has spent for than $100 million in EV and EV charging rebates since launch its Beneficial Electrification program in 2024 — an investment that, along with funding from the Illinois EPA and other Federal grants, has helped drive EV adoption in the state at a rate that’s rapidly outpaced the rest of the nation.

Since its launch in 2024, ComEd’s Beneficial Electrification (BE) Plan has supported the deployment of more than 7,200 electric vehicle charging ports and over 2,200 EVs registered to business and public sector commercial customers.

The company, part of the larger Exelon utility group) has also announced plans to invest an additional $168 million of EV and charging infrastructure investments between 2026 and ’28. The target is both in line with Illinois’ clean transportation goals and which will generate a real, objective reduction in air pollution — a goal that (one would hope) transcends political affiliations.

“Reducing emissions from vehicles is one of the most effective and important things we can do to improve air quality and public health,” explains Rob Anderson, President and CEO of Respiratory Health Association. “As we have seen the ending of federal funding support for this effort, ComEd’s continued commitment of transportation electrification rebates is leading the way for our shared goal of eliminating pollution and creating cleaner air for all of our communities across northern Illinois.”

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Building on the $231 million investment from 2023 through 2025, the additional $168 million will assist both residential and non-residential customers transition to EVs. The company also places an emphasis on equity, with 80% of the rebates from its over 6,400 projects going to low-income business and public sector organizations serving low-income and Equity Investment Eligible Communities (EIECs).

The ComEd rebates support the goals of Illinois’ Climate and Equitable Jobs Act (CEJA), which was signed into law by Governor J.B. Pritzker in 2021 to combat climate change and promote beneficial electrification across the state. CEJA also has the goal of putting 1 million EVs on Illinois roads by 2030, and ComEd certainly has role to play there, as 90% of the 150,000 EVs registered in Illinois operate within its service territory (that’s up from 19,000 EVs in 2019).

Electrek’s Take

While President Trump was running for re-election, he campaigned on the threat promise of canceling the $7,500 federal tax credit for EVs — a campaign promise he kept as recently as September 30th. That wasn’t the end of the road for EVs, however.

Along with California Governor Gavin Newsom, Illinois’ Governor JB Pritzker made countermoves – launching a $4,000 rebate for new electric cars and up to $1,500 for the purchase of a new electric motorcycle. More recently, some clever accounting from the folks at GM and Ford are keeping the $7,500 lease credit alive, and other companies like Hyundai and Toyota are simply reducing the asking price on their EVs.

It seems to me like there’s plenty of life in EVs, yet.

SOURCE | IMAGES: ComEd; via LinkedIn.

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