In Part II of our discussion about electric cars we take a look at charging, the cost of electricity, and the price of EVs.
“EVs aren’t what’s straining the grid. California had roughly 680,000 registered EVs as of July 1, per S&P Global Mobility, accounting for less than 1% of the state’s total electricity demand. Even if there are 5 million EVs by 2030, they will account for about 7% of annual electricity usage and 1% of peak demand, according to the California Air Resources Board.”
Q. Should I expect the price of electricity to fluctuate in a way that is similar to what happens with gas? Is it possible that my electricity provider could one day increase the cost of my monthly bill by 30-40% due to “unprecedented demand” or “stress on the grid”? The US is blessed with sufficient natural resources to meet all our energy needs. The price of electricity may rise over time, but it has never experienced the extreme price volatility that is common for oil and gas.Q. It seems that the average cost for a “typical” gas-fueled car these days is $35-$40,000. At what price point does a more expensive EV come out as comparable? It is $60,000? Something else?, the average transaction price of a new car in the US in May, 2022, was $47,128.
And you will get to kick the gas-powered car next to you at the stop light to the curb when the light turns green! Compared to a typical gas-powered car, the acceleration of an electric car is a joy to behold. Toe the throttle and there is no spooling up of the turbo, no lag while the clutch engages, or the transmission shifts. There’s only immediate forward progress, the kind that pushes you back in your seat and plasters a big wide grin all across your face.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Honda Exec: Lithium-Ion EVs Will Always Be More Expensive Than Gas CarsHonda believes lithium-ion EVs will never be as cheap as gas cars, so instead will move towards solid-state tech.
Read more »
Michigan voters on abortion rights, EVs, economy ahead of electionMichigan is gearing up to be ground zero of a battle over abortion rights after the state Supreme Court ordered an abortion ballot initiative, which seeks to enshrine abortion rights in the state and will be voted on in November.
Read more »
Dig This: The Shift To EVs Requires A Massive Expansion Of Battery Metal MiningSurging demand for materials needed for electric vehicle batteries could surpass current supplies of key metals within a few years without a big increase in supply.
Read more »
Dig This: The Shift To EVs Requires A Massive Expansion Of Battery Metal MiningSurging demand for materials needed for electric vehicle batteries could surpass current supplies of key metals within a few years without a big increase in supply.
Read more »
Tesla ramps up production as rivals launch new EVs | AutoblogTesla is ramping up production at its factories in Texas and Shanghai to head off an upcoming ambush of new EVs from legacy automakers.
Read more »
You Have Questions About Electric Cars. We Have Answers (Part 2)In Part II of our discussion about electric cars we take a look at charging, the cost of electricity, and the price of EVs.
Read more »