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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.
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.
Most of us around the world pay taxes on every liter or gallon of petroleum our cars consume. In some countries it's a pretty high tax. If electric vehicles start making up a larger and larger % of vehicles on the road will there come an end where to be fair you need to drop the tax on fuel and instead tax electricity- take a certain % of your electricity usage and put it towards maintaining roads and public transportation?
We all benefit from roads and bridges, even those that don't drive.
Obviously we're still at the stage where most governments are still trying to encourage more electric vehicles, but eventually if electric takes off like planned, it's going to become unfair to place all the burden of taxes to maintain roads on drivers of ICE vehicles. Especially since it will most likely be the poor and impoverished who will be the last to adapt to the new electric-vehicle age.
"That's the way to do it" - Punch
Pity the utility company.
Why the snark?
Humans work for utility companies, and humans own stock in them.
Why shouldn't those humans be concerned about making enough money?
We can not let the last year's efforts to put creimer at -1 be for nothing!
Hard to believe that it's been ONE WHOLE YEAR since the CREIMERTARDS started shitposting creimer!