Climate Changed
California Approves Record Utility Spending for Electric Cars
- Investments are part of broader plan to fight global warming
- State wants to replaces gas guzzlers with electric vehicles
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California is making a $738 million investment to replace gas-guzzling cars, buses and trucks with electric vehicles.
Members of the California Public Utilities Commission voted 5-0 Thursday to approve the largest U.S. utility investment to date in an effort to accelerate the Golden State’s push to combat global warming. It will fund programs at PG&E Corp., Edison International and Sempra Energy.