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US Utilities Have Finally Realized Electric Cars May Save Them (qz.com)

Pity the utility company. For decades, electricity demand just went up and up, as surely as the sun rose in the east. Power companies could plan ahead with confidence. No longer. From a report: This year, the Tennessee Valley Authority scrapped its 20-year projections through 2035, since it was clear they had drastically underestimated the extent to which renewable energy would depress demand for electricity from the grid. But there is a bright spot for utilities: electric vehicles (EV), which make up 1% of the US car market.

For years, that market barely registered on utilities' radar. As EVs find growing success, utilities are building charging infrastructure and arranging generous rebates. Pacific Gas and Electric, Southern California Edison, San Diego Gas & Electric, and New Jersey's PSE&G have partnered with carmakers to offer thousands of dollars in rebates for BMW, Nissan, and other brands. Now utilities are asking Congress for help as they attempt to keep tapping into EV demand. A collection of 36 of the nation's largest utilities wrote a letter (PDF) to congressional leadership on March 13, asking for a lift on the cap on EV tax credits. The signatories' include California's Pacific Gas & Electric, New York's Consolidated Edison, the southeast's Duke Energy Company, and others covering almost every state. At the moment, Americans who buy electric vehicles receive a $7,500 federal tax credit (along with some state incentives) for each vehicle.

1 of 297 comments (clear)

  1. Re:But I Don't WANT One. by Rei · · Score: 4, Funny

    That's why I've always used gasoline-powered phones (the vibration on them isn't that loud, manufacturers have gotten good at muffling it). I just drive down to the store at regular intervals and wait outside while they fill it up, it doesn't take long. You'd think it'd be annoying having to go out of your way to fill it up your phone, but you get used to it. People say, "Oh, but you can't charge in the comfort of your home, like you can with a battery-powered phone", but I can't see why that's so appealing.

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    Is your job to sit under bridges and jump out at unsuspecting travellers?