Charge Up At Home: Duke Energy Teams Up With GM, Ford, And BMW To Launch EV Subscription Service

Duke Energy Corp DUK collaborated with General Motors Company GM, Ford Motor Company F, and BMW AG BMWYY of North America to launch a new electric vehicle (EV) subscription service in North Carolina.

As a part of the Open Vehicle Grid Integration Platform (OVGIP), DUK is working with automobile companies to enable the management of EV charging from multiple automakers in a grid-friendly and EV driver-centric manner. 

As per the 12-month EV Complete Home Charging Plan pilot, residential customers can use up to 800 kilowatt-hours (kWh) per month to charge an EV at home for a fixed monthly fee of $19.99 in its Duke Energy Carolinas service area and $24.99 in its Duke Energy Progress service area. 

The pilot program is expected to help customers save costs, aid them in leaving the house with a fully charged vehicle, and reduce the number of trips to public charging stations.

Customers who own or lease a qualifying EV can enroll in the program starting in September, with additional enrollment details will be provided before the program launch on November 1.

"EV charging has the added benefit of flexibility, meaning charging can be managed – such as shifting charging to off-peak hours – which is important in limiting cost increases and mitigating peak demands. Duke Energy has been strategically planning and enabling the grid for a future with many more EVs on the road – and is also making data-driven investments to improve reliability, strengthen the grid, expand technologies and provide customers with the intelligent information they need to make smart energy choices and save money," said Harry Sideris, executive vice president of customer experience. 

Also Read: Duke Energy Warns Of Potential Impacts From Tropical Storm Idalia

Price Action: DUK shares are trading lower by 0.34% at $90.27 on the last check Monday.