Power companies in the US are primarily government regulated monopolies. These are the same monopolies that duped the public into replacing incandescent bulbs with LEDs claiming they would save power. At the same time, though, these companies lobbied the regulatory bodies and stated that their projected profits were down, because consumption was 'lower than expected' and hiked our rates across the board.
There is competition in the gasoline space. There is none or next to none in the power space.
What do you think will happen to the costs of 'fueling' electric vehicles here in the US when 50% or more of our vehicles are electric?
Power companies in the US are primarily government regulated monopolies. These are the same monopolies that duped the public into replacing incandescent bulbs with LEDs claiming they would save power. At the same time, though, these companies lobbied the regulatory bodies and stated that their projected profits were down, because consumption was 'lower than expected' and hiked our rates across the board.
There is competition in the gasoline space. There is none or next to none in the power space.
What do you think will happen to the costs of 'fueling' electric vehicles here in the US when 50% or more of our vehicles are electric?
Time to revisit those rates!