Let Us Help You Drive Your EV Program

Do you need assistance assessing your Electric Vehicle (EV) program offerings?

We support the development of EV-specific rates, the design and implementation of EV incentive programs, and the overall evaluation of the EV market size and associated charging needs.

Below are summaries of a few of our specific EV-related capabilities:

Cost of Service Rate Design

Most states have, or are evaluating, the budgets required to implement EV programs, the recovery of associated costs, and other steps needed to initiate and implement EV programs for residential and commercial accounts.

Concentric has direct experience working with utilities on developing program budgets and providing regulatory support. We offer a team of experts on all ratemaking matters, including load analysis, revenue requirements, cost allocation, cost of capital, and rate design to help assure that program costs are recovered in a reasonable manner.

Charging Program Design

Regulators are now consistently requiring utilities to design and implement customer rebates approaching 100% of utility and customer make-ready capital costs. With early programs focused on residential and public-use charging fully implemented in many states, many regulators are now looking for ways to increase adoption in the medium-heavy duty (MHD) segment and through fleet conversions.

Concentric can help utilities determine the appropriate size of these MHD utility programs through detailed forecasting of vehicle charging requirements based on existing and forecasted vehicle registration data. This information is used to project charging infrastructure costs applicable to fleet operations.

Commercial Strategy

Some regulators are limiting the role of utilities in providing EV charging incentive programs, so utility holding companies have begun to explore direct investment in charging infrastructure through competitive affiliates. Evaluating such investments requires a detailed analysis of market potential, estimated charging revenues, capital requirements, and operations costs. As an illustration, because utility make-ready costs, electricity rates, and charging revenue potential are often highly site-specific, EV charging investments must be evaluated at the site level.

Concentric has performed such evaluations of EV charging investments, including developing multi-site screening tools and detailed costing proformas for specific sites, formulating site-host pricing structures, and projecting future electricity rates applicable to EV chargers.

Fleet Management

Utilities are finding that the role of the commercial account representative is expanding to include helping customers evaluate and manage fleet electrification. This enhanced role requires a detailed understanding of anticipated fleet operations (e.g., routes and mileage) and the charging needs of various types of vehicles under specific operating circumstances to determine the optimal charger configuration (e.g., DCFC at varying voltages versus Level 2 chargers).

Concentric has undertaken these analyses to assess the charging requirements to support medium and heavy-duty fleet operations at both depots and on-route charging requirements.

Concentric is uniquely able to support clients as they navigate the emerging opportunities and challenges of adding EV programs to their offerings. Please contact Michael Kagan to learn more about our EV services.

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