California cannot even keep the lights on *today*. How are they going to supply power for the infrastructure required to make this level of change
Let me address this point specifically. Here's the thing about investment in infrastructure. Getting funding for investment in a market with
shrinking demand is a big problem, but getting funding for investment in a market with
growing demand is NOT a problem. I've worked at three different tech startups, and I can assure you this is the case.
Take a look at California's electricity market in particular. After the 2001 power crisis, California went on an aggressive power plant building boom. We added, over the last 19 years, about 40GW of new generating capacity to a grid that had 45GW of capacity at the time. But in addition to the new power plants we also implemented a lot of energy efficiency programs. Overall electricity demand in California today is
less than it was in 2001, even with all the population and economic growth that's taken place.
Well, you can't add that much generating capacity to an electricity market with shrinking demand without something giving way. The new power plants (gas, solar, wind) have much lower operating cost than the older gas power plants. So the new plants got all the business, and the old plants saw their revenue crash. Tons of older gas power plants have been retired in the last few years, along with one 2.4GW nuclear plant, so net generating capacity (especially after sunset) has barely grown. And investment in transmission line maintenance has been especially bad.
This is a business reality: a market with shrinking demand will face underinvestment.
Nobody in California is going to revive inefficient old power plants.
To solve the problem with underinvestment in the grid, California needs to boost demand for electricity. Ok, how do we do that? Tell people to rip the insulation out of their walls? Replace their new refrigerators with old refrigerators? Get real. California isn't going to fix the electricity problem with inefficiency.
Electric cars, charged at off-peak hours, are perfect for boosting electricity demand with the least need for new infrastructure. Right now, when people buy gas cars, they send a bunch of money to Valero and Chevron. With electric cars, all that money goes to PG&E instead! But because they are charged off-peak, the amount of new generating capacity and transmission capacity that EVs will require is much smaller than an equivalent demand boost at peak hours. For utilities, EV charging has a very high return on investment, and that's exactly what's needed to boost grid investment in California.