Could electric cars lower energy bills? A new report says yes.
. 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.
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