Will growing EV adoption increase consumer rates?
January 12, 2024
This is an excerpt of a story from ACEP’s blog, From the Grid: Dispatches from ÀÖ»¢Ö±²¥â€™s Energy Sector.
Display of electric vehicles at the 2023 ÀÖ»¢Ö±²¥ Sustainable Energy Conference in Anchorage.
As electric vehicle technology continues to improve and market demand grows in the U.S., the adoption of EVs will undoubtedly increase in ÀÖ»¢Ö±²¥. We see evidence of this trend already.
What will this increase in electric demand mean for overall consumer rates as we work to address the gas conundrum over the next 5 to 10 years?