Electric Vehicles Are Driving Rates Down
Can the addition of more electric vehicles (EVs) to the grid actually lower utility bills for all customers? A recently updated study shows just that, showing that EV drivers are not being subsidized by other customers and, in fact, they are putting downward pressure on rates. Between 2012 and 2021, in three of utility service territories with the most EVs in the United States, EV customers have contributed more than $1.7 billion in net-revenue to the body of utility customers.
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