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 ...
EV Ping!..................
The rate I pay for power is 20% higher than 18 months ago. And we just got a notice that it will be going up more.
The main use for electricity should be shock therapy for the politicians.
get woke go broke
Will fall on deaf environmental wacko ears.
our electric rates doubled
Does Brittan have any LNG terminals? That could have made a difference.
> a cautionary tale for U.S. <
No, not at all. Because “This time it will be different.”
(Says every liberal when confronted with facts.)
Energy independence is the way to go. Just like Trump was wise to make our country energy independent, so too it’s wise for each of us to make our families as energy independent as possible.
“Voluntary” extinction.
It’s the kind gentler genocide.
Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues.
Revelation 18:4
Not only that, but it doesn’t take all day to refuel a gasoline vehicle.
Breakfast is being served.
I expect a better reply from you than your usual "Wrong!" or all you'll be served this morning is burnt toast.
You must remember that you live in Massachusetts and are an electric power anomaly. Resistance to electricity in general is the problem
😎👍
Or vice versa....................😉
oopsie!
the uk green globalists screwed up
you need to completely ban the gas cars
before the completely unaffordable spike in electricity
then only the wealthy elite can afford personal transportation
they promise the jetsons
you get the flintstones
cuz it aint about earth’s temperature
its about controlling you
i like the way you think
thanks for the chuckle
so continue shock therapy until they cry MAGA?
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