The City of Austin is on pace to reach its goal of having 330 electrified vehicles by 2020, the Austin Monitor reported. The city set this goal in 2016.

The city expects that having 330 electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) will result in savings of $3.5 million over 10 years, according to a fleet electrification update from Nov. 18. It is also expected to reduce CO2 emissions by 1,250 metric tons per year.

The city’s current fleet size is 6,652 units; of these, 2,213 are light-duty vehicles. Fleet management has calculated that 1,780 light-duty vehicles could be potentially replaced with EVs or PHEVs as part of the normal replacement cycle over the next 10 years. With this many EVs in service, the city could save up to $12.8 million over the 10 years.

The city committed to purchasing 71 electrified vehicles in FY-19 and another 129 in FY-20. Its membership in the Climate Mayors Electric Vehicle Purchasing Cooperative will help the city save $1,300 on acquisition cost per vehicle.

The Austin Monitor reported that with the city’s purchase of 71 EVs this year, the total number of electrified vehicles in the fleet is 201. It currently has 33 charging stations and is looking to increase that number to 101 by the end of the year.

The EV update document stated that the city will install 32 DC fast-charging stations in FY-20 to supplement depot charging.