The California Public Utilities Commission yesterday approved a $437M program for Southern California Edison (EIX +0.3%) to install nearly 40K electric vehicle chargers, which it calls the largest-ever U.S. utility program to expand charging infrastructure.

The CPUC says the program will help the state achieve its goal of 5M zero-emission vehicles on the road by 2030.

Half of the investment must take place in low-income communities, and 30% will be dedicated to multi-family residences.

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