“I got an electric car. My electric bill went down” by Brad Templeton is worth reading. He summarized it on Facebook:
Surprise: I got an electric car and my power bill went DOWN. Why? When you get an electric car in California, it allows you to switch to a heavy “time of use” power plan with expensive power in the peak (2pm-9pm) and much cheaper power in the night. I charge my car at night and moved my pool pump to the night so the net was my bill went down — my electric car gets almost “free” electricity, it seems. YMMV.
One angle he doesn’t cover is that the guy who could afford to purchase a new Tesla is being further subsidized by people who can’t afford to purchase a new Tesla (or any other new car!).
- How to get a free car: lease an electric car (but sadly, not a Tesla) from 2015, in which I asked “Is this the future for upper-middle-class Americans? Free electric cars funded by taxpayers and lower income customers of the same electric utility?”