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Utilities Starting to See Green in the EV C | BLOG Certified
Electric vehicle sales are rising, and a variety of companies are getting into the charging game. Utilities like Duke see a revenue opportunity that could slip away. With electric vehicle sales climbing, utilities are investing in thousands of new EV charging stations, recognizing that if they don't move now, they could lose out on a growing and increasingly competitive market. The latest example is Duke Energy, which this week proposed a $76 million program in North Carolina that it described as the largest investment in electric vehicle infrastructure among utilities in the Southeast. "This is definitely part of a broader movement in the electricity sector to electric transportation," said Noah Garcia, a transportation energy analyst with the Natural Resources Defense Council, an environmental group. "They are seeing the opportunity is ripe now as the technology has matured." Utilities also see selling power to motorists "as a way to shield or insulate them from other shifts in power