ELECTRIC SHOCK: Price Spike Will Push Cost Of Running EVs Above Gas-Powered Cars
British energy regulators told electricity consumers to expect to pay 80% more beginning Oct. 1, making electric vehicles cost more before and after owners drive them off the lot. The hardest impact will be on drivers who travel long distances or do not have access to an at-home charger.
British energy prices eclipsed those of many other Europeans because the nation lacks domestic energy storage and production of natural gas, nuclear and renewables, making it more reliant on imports.
Kenny Stein, policy director of the Institute for Energy Research, warned that the financial hardship in Europe from rising energy prices is an omen for Americans if the U.S. transitions from fossil fuels to renewables faster than the supply can handle.
“For the U.S., this actually gets to an underlying fallacy of a lot of people that are pushing electric vehicles: They assert electric vehicles are cheaper because they assume electricity prices are going to stay cheap,” Mr. Stein said.
FULL STORY
---
Yep! EVs are the future - & for many folks that future is rather than driven, they'll be parked & walked away from 'cuz charging them costs too much. That's OK tho. In time gas or electric vehicle ownership for the masses will be a thing of the past.
Any mad rush to end fossil fuels & 'transition' to wind & solar only will result in widespread poverty & major misery but it's gotta be done to make life Hell for humanity at large & create a Utopia for Woke elites... Er, I mean save the planet