DTE Energy Company DTE recently revealed that its Charging Forward program, launched in 2019, now provides consulting services to Michigan-based businesses to switch to eFleets.

These new services will boost eFleet’s reach for DTE Energy’s commercial, industrial and business customers, thereby strengthening its position in the fast-growing electric vehicle (EV) market.

Det project details:

DTE Energy’s Charging Forward is a $ 13.4 million five-year power charging program approved by the Michigan Public Service Commission to offer charger discounts. .

It will also offer a range of services, including a customized roadmap for electrifying their fleet.

Since the launch of the Began program, 2 ports of level 921 have been approved և 88 direct current fast chargers (DCFC).

EV market prospects և utilities

As the US economy steadily shifts to a clean energy environment, the rise of electrification in transportation is a way to reduce CO2 emissions. This is a good opportunity for utilities, which have recently adopted clean energy as their new choice of resources.

According to the Edison Electrical Institute, 18.7 million electric vehicles will be on the roads of the United States by 2030, which will lead to a 7% increase from the level of 2018. To achieve this goal, 9.6 million ports will be required. Naturally, utilities like DTE Energy, which are able to build safe, reliable charging ports, are driving this transition.

In September 2020, DTE Energy and Consumers Energy: CMS Energy: CMS announced that it is joining the first of its kind promise to facilitate interstate travel for electric car owners by 2022.

Along with other energy companies, including: American: AEE և: OGE energy OGE, DTE Energy և Consumers Energy will build a huge network of fast charging stations in the Midwest, from Michigan to Kansas, under this promise.

Price performance:

Shares of DTE Energy lost 5.6% last year, compared to a 1.3% decline in the industry.

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Zacks Rank:

DTE Energy is currently ranked Zacks # 4 (sales).

You can see The full list of today’s Zacks # 1 Rank (Strong Buy) stocks is here.

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