Electric Vehicles
For the first time ever, consumers are being presented with credible choices to break from their dependence on petroleum for their transportation. With the first of a new generation of electric cars hitting the roads in 2011, all of the major automakers and more than a dozen total are lining up electric car lines to sell to the American public.
We are on the cusp of an EV revolution that has the potential to not only break America's addiction to foreign oil, but also significantly reduce greenhouse gas and other harmful air emissions by switching vehicles from gasoline to lower emission electricity. Even though America's current mix of electricity would power our nation's vehicles with fewer emissions than the gasoline currently used to fuel them, we believe most of the committed green consumers purchasing EVs will want to power them with electricity from clean energy sources. This fact alone will drive demand for new nuclear and renewable generation sources around the country.
A primary issue holding back the EV revolution is consumer concern over the limited range of electric vehicles, but we are seeking to replace that range anxiety with range confidence by providing electric vehicle charging infrastructure and services. In 2010, NRG launched eVgo, the nation's first comprehensive, privately-funded electric vehicle charging ecosystem. Starting in Houston and expanding to additional markets, eVgo delivers an unlimited miles home-and-away charging service for a low monthly fee, making EV ownership easier and more affordable.
By supporting the adoption of electric vehicles, we hope to expedite America's trend toward sustainability and stimulate demand for more carbon-free electricity.
