Electric bill

[DriveDynamo]

I'm wondering, if electric cars take over, will our electricity bills skyrocket?

 

[Robert_Lutece]

Electricity demand will definitely increase as more EVs hit the road, but whether that leads to skyrocketing bills depends on how the grid adapts. Smart charging, time-of-use pricing, and battery storage systems are being developed to help balance demand. Some states even have incentives for charging at off-peak hours. The big question is whether utility companies will pass cost savings to consumers or just use the demand spike as an excuse to hike rates.

 

[Ross]

EVs will increase demand, but smarter grids and renewable energy can help balance costs. Charging overnight or using solar could also keep bills manageable.