Forget the Death Spiral: Electric Vehicles Offer a Major Growth Opportunity for Utilities

Forget the Death Spiral: Electric Vehicles Offer a Major Growth Opportunity for Utilities : Greentech Media

Energy use in the U.S. can be split into two large pies. One pie is electricity use in homes, buildings and industry. The other is transportation, which is powered primarily by liquid fuels like gasoline and diesel.

There are some exceptions, as well as a few overlapping categories of fuel use. For example, there’s direct industrial use of liquid fuel (a fairly significant quantity), some liquids burned to make electricity (this used to be a significant amount, but is now only a very small amount), and now a very small amount of electricity used to power electric vehicles (EVs).

American consumers spend, on average, more than $1 billion every day on each of these energy uses.

via Forget the Death Spiral: Electric Vehicles Offer a Major Growth Opportunity for Utilities : Greentech Media.

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