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EVs make utility bills cheaper for everyone

388 Views 2 Replies 3 Participants Last post by  FDR
EVs are pushing down electricity rates in the US, thus benefiting everyone!

Check out this study with all the stats:
  • Electric cars are helping push electricity rates down in the US, according to a new study.
  • They bring lots of revenue to utility companies, but don't cost much to provide energy to.
  • Since utilities can't reap unlimited profits, EVs help push rates down.
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There must not be enough EVs in the Philadelphia area. Our rates are up about 40% over last year.
Not enough EVs in Scotland either it would seem. My electric has gone from 16p/kWh last year to 46p/kWh. Unlike in the US according to the article, it appears UK energy companies are able to make unlimited profits.
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