ComEd Announces $70 Million in EV Rebates Available to Boost EV Adoption Across Northern Illinois

ComEd's 2026 programs continue to prioritize equity in increasing access to EVs and EV charging infrastructure

During the annual Chicago Auto Show, ComEd announced approximately $70 million in electric vehicle (EV) rebates available for residential, business and community customers in 2026. Funding for EV projects is designed to reduce the upfront cost barrier of EV adoption. ComEd offers a suite of programs covering residential EV chargers and installation, electric fleet vehicles and business and public sector make-ready charging infrastructure.

"As the demand for EVs grow in our region, ComEd is committed to helping our customers navigate the transition to electric vehicles," said Ajit Apte, SVP of Customer Operations at ComEd. "Building on the success of the last two years, ComEd is delivering a substantial investment in EV programs that will help remove cost barriers to EV projects at home and in our communities and businesses, which will in turn improve air quality and bolster a network of EV charging serving our northern Illinois communities."

ComEd EV rebates are made possible through the Beneficial Electrification program, approved by the Illinois Commerce Commission (ICC). The programs place priority on funding for low-income customers and equity-eligible communities, and since launching in 2024, have delivered more than $160 million in EV funding for projects across northern Illinois, more than 80 percent of which has been directed to Equity Investment Eligible Communities (EIEC). These projects have helped add more than 10,000 EV chargers and directed investment in projects reaching 350 zip codes across Illinois.

"Since their initial launch, ComEd's EV rebate initiatives have helped empower consumers in northern Illinois to make cleaner choices and support the transition to zero emission transportation," said Megha Lakhchaura, State EV Officer of Illinois. "These continued investments to support EV adoption and expanded charging infrastructure are leading the drive towards a more sustainable future for our state."

ComEd's 2026 EV rebate programs include the following offerings for customers:

• The Residential EV Charger and Installation Rebate Program, more than $4 million available for rebates of up to $2,500 per household to support the purchase and installation of residential Level 2 electric vehicle chargers.
• The Business and Public Sector EV Purchase Rebate Program, more than $35 million available for rebates supporting the purchase or lease of new and pre-owned fleet EVs of all weight classes, ranging from $7,500-$240,000 per vehicle.
• The Business and Public Sector Make-Ready Rebate Program, more than $29 million available for rebates to cover costs to make sites ready for public and private Level 2 and DC Fast Charging, ranging up to $5,000 to $7,500 per port for sites with Level 2 chargers and up to $450 to $675 per kW for sites with DC Fast Chargers.

For all future funded projects, equity will remain prioritized throughout ComEd's investments. More than 50 percent of funds are reserved for low-income customers and projects located in, or primarily serving, low income or EIECs, who are also eligible for higher rebate amounts.

"The Illinois Alliance for Clean Transportation is committed to advancing clean transportation solutions that reduce emissions and improve energy security across the state," said Samantha Bingham, IACT Board Member. "ComEd's rebates are an essential tool for business and local government fleets to pursue fleet electrification efforts, which in turn support state initiatives and community health. Our collective efforts continue to position Illinois as a leader in clean transportation."

"Air pollution poses significant health challenges for residents throughout Illinois and reducing vehicle emissions is one of the most effective steps to improve air quality and public health in Illinois," said Brian Urbaszewski, Director of Environmental Health Programs at Respiratory Health Association. "ComEd's programs allow businesses, customers and communities to help eliminate pollution and create cleaner air for our communities with the addition of each EV and EV charger in our state."

ComEd's rebates include substantial funding opportunities for EV fleets including support to school districts that are proactively working to reduce emissions and achieve decarbonization goals by electrifying their school bus fleets. In facilitating partnerships with EV manufacturers and school districts, ComEd helps districts achieve their electrification goals and improve public health, especially in communities disproportionately impacted by air pollution. Districts located in EIECs continue to qualify for higher rebate amounts for fleet EVs.

"We are proud to partner with ComEd to bring electric school buses to districts across northern Illinois," said Josh Williams of Highland Electric Fleets. "Electric school buses not only improve air quality for children and communities, but they also have the potential to export energy to help support the local grid when not performing their critical role of safely transporting students."

"The Environmental Law & Policy Center is pleased for the first time the Chicago Auto Show has an electric school bus on display at the Family Zone," said Susan Mudd, Senior Policy Advocate, Environmental Law & Policy Center. "ELPC appreciates ComEd and Highland Fleets' efforts to get the bus to the show where thousands of families will see one up close and learn about the public health benefits these buses can provide. We especially want parents with school age children to learn how they can help their school districts acquire these buses so their children can ride these quiet, safe, zero emission buses. ComEd has funding for the next three years to accelerate this progress, so more Illinois children can benefit from clean, quiet rides to and from school."

In addition to rebates for charging infrastructure and fleet vehicles, ComEd will continue to drive customer education and awareness initiatives that support customers in moving toward EVs and help communities achieve their own local and regional transportation net-zero emissions goals. This includes ComEd and the Metropolitan Mayors Caucus' EV Readiness Program, a training program for municipalities and local governments to integrate permitting, safety and infrastructure plans designed to accommodate the growing demand for EVs in their communities. So far, this program has reached 38 communities, and the fourth cohort will complete the program in 2026.

To help customers connect to the benefits of EVs, ComEd offers a variety of resources including the EV Ambassador program, a community-driven initiative designed to expand education and awareness around EV adoption and benefits, Fleet Electrification Assessments, the ComEd make ready rebate reservation program, EV Rebate Dealer Network, EV Service Provider Network, ComEd EV Toolkit, EV Load Capacity Map, EV Dealership Network and more.

"A Step Beyond is excited to partner with ComEd as an EV Ambassador and help our community experience the vast benefits available from electric vehicle adoption," said Nicole Wheatly, ComEd EV Ambassador. "The continued adoption of EVs, especially for businesses large and small, lead to benefits that impact full communities, reducing collective carbon footprints and building a healthier future in Illinois."

To review eligibility requirements and to apply for EV funding, customers are encouraged to visit ComEd's website.

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ:EXC), a Fortune 200 company and one of the nation's largest utility companies, serving more than 10.7 million electricity and natural gas customers. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state's population. For more information visit ComEd.com, and connect with the company on Facebook, Instagram, LinkedIn, X, and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260206939565/en/

ComEd Media Relations

312-394-3500