Charging With Incentives - BMW North America Expands Smart Charging Program Nationally

Luxury vehicles manufacturer Bayerische Motoren Werke AG BMWYY BMW of North America plans to expand its smart charging service, ChargeForward, across the U.S.

The expansion is in line with the launch of the first all-electric BMW 5 Series, the BMW i5.

The smart charging feature provides customers with incentives for aligning their vehicle charging with times when renewable energy is highest on the grid.

All BMW battery electric vehicles (BEV) and plug-in hybrid vehicles (PHEV) model years 2018 and up will be eligible to enroll in ChargeForward throughout the lower 48 states.

While ChargeForward is already available in some states across the U.S. through partnerships with various utility providers, it will now be accessible to all electrified vehicle customers by utilizing carbon data specific to the electric grid in each region.

ChargeForward sets a schedule that charges the vehicle during optimal times of the day.

Drivers earn incentives when they agree to shift their EV charging to times when renewable energy is plentiful and away from times when electricity is in high demand. 

Price Action: BMWYY shares are trading higher by 3.89% at $34.20 on the last check Tuesday.

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