Here in Connecticut there is an incentive program where acceptance into it ends June 7, 24. There are different choices.
Basically the utility company will pay the EV owner monthly to charge their EV in off peak hours.
With the solar I purchased, there was an incentive program at the time I bought solar and got connected that paid "REC" credits or $0.0318 per kWh produced whether I consumed it or not and another credit for neighborhood total of $0.0443 per kWh produced for 20 years. That program incentive was short lived, like only 1 year. So suppose I produce 14,000 kWh per year the utility company going to pay me $620 per year on a quarterly basis for this x 20 years = $12,404.
The bottom line is once everyone is forced to go EV, there will be no incentives to purchase EV's or charge them or anything. Once a few more people put on solar there will be no more incentives. Some states have changed their programs making solar not nearly as attractive.
If Gas is going to $12 per gallon and people are going to be forced to go EV, it would be wise to get in when tax credits and incentives are still available.
I understand the hate coming my way but pretty soon you will be purchasing your EV at an inflated price and won't have any tax credits or incentives.
New vehicles are expensive Regardless of ICE or EV. Today you can get into a new EV for a reasonable cost. When you consider the fuel and maintenance savings, and CT caps registration fees at $38 and pays me to charge my vehicle in my garage....
Bottom line is get prepared to get screwed. New Tesla MSRP $49,990. Fed Tax Credit $7500, Connecticut Tax Credits total $4250, if you trade you only pay sales tax on the difference. Brand new Model Y long range $38,240 plus sales tax.
I think the incentive my wife signed up for is $100 cash up front and $30 per month to charge off peak at our home. I am not sure how long that will last but think it is at least 2 years. $820.
Connecticut has some of the highest kWh rates in the nation. I think we are at around $0.27 at this time. It is implied that an EV gets about 4 miles were kWh so it costs about $0.0675 per mile to drive. If you compare that to an ICE vehicle that gets 35MPG at current $3.50 gas price, the annual savings is $390. As fuel prices rise, the savings will be much greater.
Regardless how you analyze the scenario or mock it, you lose. You always lose. No matter how right you are, you lose. The question would be do you want to lose more or less? There is nothing I can do to change government abuse, spending, justice, taxes, civil asset forfeiture, I am a victim to the system. I have to live by their rules. I refuse to only have the negative rules impact me. If I qualify for relief, I am going to take it. Why should I be a martyr for nothing?
It matters not if the Grid can support EV's or not, You will be without power regardless. Another consideration is if a person had solar or wind generating capabilities or any electrical production capability and an EV capable of two way charging, they could power their home from electricity produced while generating power.
Does that work for the city apartment dwellers? No!. Well I don't live in the city. I am getting old and want control of my expenditures. I don't care if electricity rates skyrocket, gasoline prices skyrocket, I don't care if I can't go cross country without cumbersome charging. I have a gas powered Mercedes, Yukon, Windstar and a diesel powered Crew Cab Ford F450. Long trips would probably be in the 450 towing my 42 foot Fifth Wheel or maybe I just enjoy life at my nice home and go nowhere.
Totally your choice. Get incentives and tax credits today to change or wait until tomorrow for the new ideology where there are no positive incentives to change and you change only because gas costs $12 per gallon.
)
