The New Jersey Board of Public Utilities (BPU) yesterday approved an electric vehicle (EV) program proposed by Public Service Electric & Gas Company (PSE&G), the state’s largest utility. PSE&G will invest a total of nearly $200 million over the next six years to install thousands of EV chargers throughout the state to support the increased adoption of EVs.
PSE&G’s investment is expected to result in the installation of up to 1,500 public fast chargers, up to 4,375 Level 2 chargers at workplaces, community locations and multiunit dwellings, and up to 44,000 residential chargers. The company will not own any of the chargers but will support the infrastructure required for the chargers.
According to media reports, PSE&G must submit two reports per year to the BPU detailing the work related to the program. The company must also complete a distribution grid impact study and produce (and keep updated) a public map with locations best suited for charging infrastructure build-outs.
The program aims to advance New Jersey’s efforts to boost consumer adoption of electric vehicles by addressing one of the primary obstacles- range anxiety. This program will substantially increase New Jersey’s already growing charging infrastructure.