Electricity rates in the US are going down thanks to EVs.
Here's a study that breaks it all down:
www.businessinsider.com
Electric cars make utility bills cheaper for everyone, new research finds
Electric cars are big moneymakers for utilities. And since utilities can't reap unlimited profits, they need to pass the extra cash to customers.
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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.