Duke Energy advances climate strategy with aggressive pledge to electrify vehicle fleet by 2030

• Jurisdictional electrification: The company is pursuing pilot programs for electrification in our jurisdictions:
  
• In late 2018, Duke Energy launched an EV charging-station pilot in Florida called Park and Plug to encourage clean transportation.
  
• Duke Energy has installed 500 charging stations, which have been used more than 13,000 times since the program launched in late 2018.
  
• Approximately 15% of these charging stations have been installed in income-qualified communities.
  
• The project has been consistently ahead of schedule and under budget, proving utility programs can effectively and efficiently deploy needed EV charging infrastructure.
  
• Like its program in Florida, Duke Energy has applied for pilot programs in the Carolinas and Ohio, pending commission approvals.
  
• The active program in Florida and the proposed pilot programs in the Carolinas and Ohio will add approximately 5,700 EV chargers to Duke Energy's service areas, including about 2,200 residential EV chargers.
  
• Employee programs:
• The company is on track to install more than 200 workplace chargers for employees by the end of 2020.
  
• The company offers a rebate of $3,000 to employees who purchase an EV and $1,500 to employees who choose to lease an EV.

Impacts of Duke Energy's fleet conversion

• Duke Energy measures reductions in CO₂ emissions and petroleum annually and will reach the following levels by 2030:
  
• CO₂ emissions: Reduced by 60,000 metric tons per year
  
• Petroleum usage: Reduced by 10 million gallons per year
  
• Will reduce nitrogen oxides (NOx), volatile organic compounds (VOCs) and particulate matter (PM) emissions.

For more information on Duke Energy's comprehensive climate strategy, visit duke-energy.com/climate.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Duke Energy is transforming its customers' experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit's regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.

Duke Energy was named to Fortune's 2020 "World's Most Admired Companies" list, and Forbes' 2019 "America's Best Employers" list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Media contact: Jennifer Sharpe
Office: 704.731.4108
Media line: 800.559.3853

View original content to download multimedia:http://www.prnewswire.com/news-releases/duke-energy-advances-climate-strategy-with-aggressive-pledge-to-electrify-vehicle-fleet-by-2030-301126782.html

SOURCE Duke Energy