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494 Posts
Discussion Starter · #1 · (Edited)
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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2022 Lucid Air Touring
35 Posts
This analysis is downright silly.

As electric demand goes up, the price goes up unless supply increases faster than demand.

However, supply is being constrained by the desire, however noble, to transition from high carbon to low carbon sources of electricity.

Best estimates are that EV’s will drive electric costs up 60-80% in 5 years.
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