Sep

That cool new electric car could cost you a lot increasingly to charge up

Posted by admin Published in EV/Plug-in, Etc., Natural Gas, Solar, Legislation and Policy, Plants/Manufacturing

A basic principal of economics is that of supply and demand. whether demand for a commodity rises and the supply does not, the price increases. With demand for electricity in the US expected to increase by fifty percent by the next three decades and expansion of generating capacity in a holding sample in many cases, prices for electricity are expected to rise. With the cost of many potential plants already at well by $1 billion and rising thanks to increased interpretation costs, potential utilities are reluctant to commit the funds unless they know they can get a return.

Unfortunately inaction by the government on either pollution standards or conservation efforts is leaving ability companies with a lot of uncertainty about what will be due in the

future. With that much money at stake, they are unwilling to take the risk. There are too many unanswered questions about CO2 emissions standards, natural gas availability and utility regulations. Since the move to deregulate utilities by the past decade has nearly never actually resulted in reduced prices for consumers, new rules are being considered that additionally manufacture companies reluctant to invest. The bottom line is that with renewable electricity still a tiny portion of overall capacity, we could be looking at serious issues down the road and much higher costs to charge batteries in EVs.

[Source: CNN Money]

Original post by Sam Abuelsamid