Two US Electric Utilities Plan Fleet Switch to Plug-In Vehicles
NEW YORK -- Two utilities, FPL Group Inc (FPL.N) and Duke Energy Corp (DUK.N), said on Thursday they plan to convert all their company cars and trucks to plug-in hybrid or all-electric vehicles by 2020.
The joint commitment represents more than 10,000 vehicles and a $600 million investment for manufacturers to produce viable plug-in electric vehicles, the companies said in a statement at a Clinton Global Initiative meeting in New York.
They said the conversion has the potential to reduce greenhouse gas emissions by more than 125,000 metric tons over the next 10 years.
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