Ford, TXU Energy aim to make at-home EV charging more affordable
Kalena Thomhave | Source: Utility DIVE | Posted 09/06/2024
As part of the TXU Free EV Miles program, eligible Ford owners will receive a 100% credit on their electric bill for energy used to charge their EVs between the hours of 7 p.m. and 1 p.m. the following day, which could cover the entire cost of all at-home charging, the release said. According to the Department of Energy, the vast majority of EV charging — as much as 90% — occurs overnight at home.
AI generated summary
Ford Motor Co. and TXU Energy have announced a collaboration to offset at-home charging costs for owners of electric Ford SUVs and trucks. Through the TXU Free EV Miles program, eligible Ford owners will receive a 100% credit on their electric bill for charging their EVs between specified off-peak hours, potentially covering the entire at-home charging expenses. This initiative aims to encourage the use of off-peak charging, saving customers money and supporting a more sustainable and resilient electrical grid.
The partnership between Ford and TXU Energy not only helps lower the barriers to EV adoption due to cost factors but also contributes to relieving strained electrical grids, particularly in Texas. By incentivizing EV owners to charge during off-peak times, the program aids in reducing the demand for charging during peak periods, ultimately promoting grid resiliency. Through initiatives like this and Ford's commitment to grid sustainability, such as bidirectional charging capabilities of their F-150 Lightning pickup truck, the company continues to drive innovation in the EV sector.
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Source Link: https://www.utilitydive.com/news/ford-txu-energy-discounted-home-ev-charging-program-texas/726044/
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