Electric cars make utility bills cheaper for everyone, new research finds

Dec 11 2022 by Business Insider

 
The Tesla Model Y.

Tesla

Electric cars are helping push electricity rates down in the US, according to a new study.  They bring lots of revenue to utility companies, but don't cost much to provide energy to.  Since utilities can't reap unlimited profits, EVs help push rates down. 

Owners of electric vehicles aren't just cutting their own carbon footprints — they're also helping lower utility bills for everyone else, according to a recent study funded by the Natural Resources Defense...

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