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It's interesting how much more variable "fuel" costs are for EVs than for ICE vehicles. In Georgia, you can get residential EV charging for as low as 1.5¢ per k
by Mountain_Skies 4y ago
It's interesting how much more variable "fuel" costs are for EVs than for ICE vehicles. In Georgia, you can get residential EV charging for as low as 1.5¢ per kwh overnight. I've heard some areas you can get it for free overnight. But not every power company offers EV rates, and residential rates over 25¢ per kwh aren't uncommon in some parts of the country. Then there's retail charging which can be over 40¢ per kwh. That's quite a spread compared to gasoline, which appears to currently range from about $2.40/gallon to $4.50/gallon. Even when accounting for taxes and meter fees on residential EV charging, the cost spread for charging is still much larger than that of gasoline.
- amalgamated_inc 4y agoThat's probably because electricity costs themselves are extremely variable. And that is likely because electricity cannot economically be stored or transported, unlike oil or gasoline or even (natural) gas. Thus, every electricity market is its own little thing, there is no "global market for electricity."
- simfree 4y agoThis is why we need Tres Amigas, higher capacity high voltage lines, and further grid connectivity improvements. Many energy generation projects are stranded due to the grid in their county being unable to transport the power generated to ratepayers with need. Larger grids result in lower costs, as scale and the ability to lean on many diverse energy sources lowers the cost and increases reliability for each grid operator.
- amalgamated_inc 4y agoWhich we're not gonna get cause NIMBY