"skyrocketing electricity costs"
You said it right here. No one is going to give up energy at such a cheap rate anymore. Those days are over. Darkness for the US is coming.
You said it right here. No one is going to give up energy at such a cheap rate anymore. Those days are over. Darkness for the US is coming.
This china rare earth thing may slow down the battery price drop somewhat but not for long because plenty of chemistries don't rely on rare earths, and there will soon be plenty of old EV packs that have some life left in them as part of grid storage.
scarcity isn't real anymore, it is enforced politically for the benefit of the owning class
Whatever the reason, it nonetheless seems like higher electricity prices are inbound.
The raving was over the cost of home charging vs gasoline, and that advantage still holds today, even in very expensive electricity markets like MA or CA.
The way most people will feel the hit is air conditioning costs, since their usage can't cheaply be moved off peak rate hours, and an array of home batteries isn't cheap enough for households that have high energy burden.
PS: this comment sounds a bit weird I admit, but I'm not against EVs and I'm not a climate change denier. I'm just severely disappointed in how EV integration in the society actually happened.