EVs could help drive down electricity rates by better-utilizing grid infrastructure, according to three recent studies summarized by the American Council for an Energy-Efficient Economy (ACEEE), an energy-policy advocacy organization.
These studies describe a shift to a higher, but better-distributed electricity load that makes better use of infrastructure and thus more consistently covers the costs of generation. That means lower prices per kwh. And most utilities are obligated to pass some of that savings along to ratepayers.
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The first study the ACEEE looked at was published in Apr. 2023 by Synapse Energy Economics. It investigated charging infrastructure investments for electric trucks and the impact of truck electrification on rates for New York State’s two largest utilities. It found that an increase in net revenues could offset both…
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