TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker or making a Paypal contribution here: paypal.me/SupportTMC

Electric Utilities Enter EV Charging

Discussion in 'North America' started by Robert.Boston, Feb 21, 2015.

  1. Robert.Boston

    Robert.Boston Model S VIN P01536

    Joined:
    Oct 7, 2011
    Messages:
    7,842
    Location:
    Portland, Maine, USA
    Interesting article in the NYTimes this morning exploring the push by several major electric utilities to enter the EV charging business.
    And it's not just California:
    These plans meet opposition on two sides. Firms like ChargePoint object to having to compete against rate-based investments by utilities. On the other side, EV skeptics raise cautions that these investments may be abandoned in a few years if the auto industry goes in a different direction.
     
  2. FlasherZ

    FlasherZ Sig Model S + Sig Model X + Model 3 Resv

    Joined:
    Jun 21, 2012
    Messages:
    7,019
    The utilities are the natural place for this to occur - they're the equivalent of the Standard Oil of the 21st century and are the distribution network that already exists. However, what will be even more interesting is watching how the regulatory environment continues to evolve. Imagine ICE gas prices subject to regulatory approval - that's what you'd have under the model.

    But it has an upside, too - imagine cities competing for jobs/residents based on their fuel/electricity rates at the chargers?
     
  3. trils0n

    trils0n 2013 P85

    Joined:
    Feb 12, 2013
    Messages:
    1,280
    Location:
    SF Bay Area
    I think that utilities providing EV charging is a good move. It is just electricity. Companies like Blink and Chargepoint that essentially resell electricity, seem to have a terrible business. Buying retail rate electricity and then marking it up is not going to work, imo. Blink has extremely high rates here in CA ($0.49-.59/kWh) and I doubt even at those ridiculous rates they will ever recover the installation costs, let alone make any money. At their prices, charging seems like a rip-off, especially knowing electricity is so much cheaper at my home. Hopefully the utilities will charge standard rates for their EV charging, like the rest of the electricity they provide.
     

Share This Page