Transportation Electrification Plan

The transportation sector is now the leading contributor of carbon emissions in the nation. However, we can combat this issue affordably by harnessing clean, carbon-free energy to power vehicles. That is why electric vehicles (EVs) are the next chapter in Xcel Energy’s transition to clean energy. We are committed to providing carbon-free electricity to our customers by 2050 and offering robust clean transportation choices for those who want to “go electric.”

As we increase the amount of renewable and carbon-free energy on our system, EV drivers are increasingly charging their vehicles with cleaner energy. In fact, an electric vehicle powered with electricity from Xcel Energy has more than 55% lower carbon emissions than a conventional gasoline-powered vehicle. By 2030, that number is expected to jump to more than 80%. Lower fueling cost is another key benefit of driving an EV. For our customers, charging an EV at home during off-peak rate periods currently costs the equivalent of about $1 per gallon of gasoline. Under our plan, customers would save $1 billion annually on fuel by 2030.

Learn more about our transportation vision and EV programs (external link).

Transportation Electrification Programs Rider

In April 2024, the Colorado Public Utilities Commission approved our 2024-2026 Transportation Electrification Plan, which will allow us to continue working towards our clean energy goals. Investments and expenditures supporting these efforts will continue to be recovered through the Transportation Electrification Programs Adjustment (TEPA) rider, which appears as “Trans Elec Plan” on customers’ bills. Every October, Xcel Energy–Colorado is required to file a TEPA request with the Colorado Public Utilities Commission. See the “TEP Rider” tab below for more information.