Full transparency: I work for an automaker, and work on EV projects on a very regular basis.Related to your conversation if it comes a time when the majority of folks are driving electric, what is that going to do to the electric rates I wonder?
Anyway, we've done studies about this at work. Realistically, it's expected that if every car were to be an EV, there would be a 25% increase in cost per KWH.
At my house, I spend about $170/mo on electrical - $15 of which is to charge my car (FPL gives a good breakdown on their website).
25% higher cost would be $212.50, which means $18.75 to charge my car. The amount spent to charge my car is irrelevant, but I wanted to add it - but this is what's relevant.
That's an increase of $42.50. In my case, with the amount of driving I do, I'd spend that much on gas in a week. So even with an increase in KWH, I still come out ahead financially. I have a feeling most people would as well.
Not just Teslas. Chevys, Fords, Toyotas, Nissan, etc.Even if someone does not own an electric car, they will be paying high electric rates to keep the Teslas charged up.
Just like they're going to pay those same rates if someone else decides to have a ridiculous christmas light show in their house, or a crypto mining operation in their basement.