. When looking at the cost of providing electricity to customers who regularly charge EVs and the revenue they generate, the research firm found that the utilities made $1.7 billion in pure profit between 2012 and 2022.
“Because electric vehicles don’t add a lot of additional capacity costs, because they’re primarily charging off-peak, what they’re doing is they’re more efficiently using the electric grid infrastructure,” one of the study’s authors, Melissa Whited, told Insider.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Car Car Latest News, Car Car Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Study: Electric cars make utility bills cheaper for everyoneElectric cars are big moneymakers for utilities. And since utilities can't reap unlimited profits, they need to pass the extra cash to customers.
Source: therealautoblog - 🏆 528. / 51 Read more »
Can red states overcome their hatred of California and embrace electric cars?Can red states overcome their hatred of California and embrace electric cars? Ask the better question. What happens when they do and the grid can’t supply the power? 1) EV’s violate Newton’s First Law: Every time one form of energy is converted to another, 50% of the capacity is lost. 2) This is a scheme to limit mobility in the name of the anti-science reality deniers that think (without proofs) that mankind is changing the “climate”. 'Can red states overcome their hatred of CA and embrace EVs? ' What a nasty newspaper. For the record, how are more than 10 million people in CA going to charge their EV which they can't afford. Apartment buildings, no garage, no possibility of installing a charger (my home)
Source: latimes - 🏆 11. / 82 Read more »
Lessons Learned From 10,000 Electric Cars And 100 Million MilesWe evaluated 10,000 electric cars covering some 100 million miles and the findings are indeed very eye-opening.
Source: InsideEVs - 🏆 579. / 51 Read more »
Best convertible cars 2023 - our top drop-top performance cars | EvoThese are our favourite drop-top performance cars on sale right now, just in time for some snowy roof-down motoring –
Source: evomagazine - 🏆 278. / 63 Read more »
2023 Hyundai Ioniq 6 Kicks Off From £46,750 For The 225HP RWD In The UK | Carscoops2023 Hyundai Ioniq 6 Kicks Off From £46,750 For The 225HP RWD In The UK | Carscoops carscoops
Source: Carscoop - 🏆 306. / 63 Read more »