Posted on 09/01/2022 5:10:23 AM PDT by Red Badger
Charging electric vehicles in Britain soon will be more expensive than filling up gasoline-powered cars thanks to soaring electricity costs — an economic switcheroo that could be a harbinger of shrinking financial benefits for Americans who go green.
British energy regulators told electricity consumers to expect to pay 80% more beginning Oct. 1. The national price cap on residential electricity will send the average bill from about $190 per month to an estimated $343 per month, or more than $4,000 per year.
The shocking price hike stems from the nation’s limited reserves and Russia’s cutoff of one of the region’s major sources of electricity generation: natural gas. 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. “You’re combining the increased demands on electricity. That means you’ve got to build a new generation.”
The U.S. is making a major pivot toward electric vehicles. President Biden’s climate spending law is pumping billions of dollars into the production of EVs and providing tax credits to people who buy them.
(Excerpt) Read more at amp.washingtontimes.com ...
Liberals have never been good at math or physics..................
We better gorebull warm the planet quick before everybody freezes to death
Thank you for the “boots on the ground” report. Many here rally for...and rail against...solar power, but I seldom see a contemporary (numbers included) report from an actual owner.
btw—— The Guinness you get in a bar or restaurant here that is on draft. It has been pasteurized before it was shipped here in an aluminum barrel. For the real thing, which is raw Guinness, you must be in the UK. Last month I was in me local micro-brewery. I said, give me what is closest to Guinness. It was cold, darkest and delicious, even though it was brewed w some freakin peanut butter.
T-Gator is funny when he posts images of ICE automobiles that caught fire. In response to posts about EVs going up in smoke. Never garage an EV. Park it outdoors, outside yr house!
Yo!!! In the UK you also have lots more EV owners without home charging stations. So they must pay out even more to charge their battery at a commercial charging station. Though many might be Guv employed slugs, with a free charging station where they work.
You like Thorium?
I don’t know about the technical prospects in adequate detail. My nuclear days were 40 years ago
My gut feeling is that the solution is already developed by one of the beyond brilliant Elon Musk brain teams awaiting the proper time for revelation
Isn’t it ironic that the green policies that would force us to drive EVs are causing electric power shortages that prevent us from charging our EVs. Perhaps like Forrest Gump said stupid is like stupid does
You’re welcome. Indeed it has worked very well for us and exceeded design expectations.
1. On an annual basis it will flat rate 70-75% of our electricity costs.
2. It will meet our critical needs if the grid is down.
3. We are largely insulated from home energy inflation costs.
I rather think that's what Deep States all over the globe have in mind for us.
Not themselves, mind you.
Just for us.
Evening Red,
The local charging facility near me, (Oxford) is charging 50 pence per kilowatt at the moment.
Gas is at 1:70 per litre or £7.56 per gallon.
And THIS is just the BEGINNING!...................🤔🤷♂️
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