Read on with the car ownership experts at Jerry to learn more about California’s electricity policy, and what it means for EV owners.
Charging an electric car in California could cost you
One of the caveats of electric vehicle ownership is that they’re simply just more expensive than a gas-powered car. The idea is, however, that the savings come later by spending less money on fuel and repairs.
It is generally much cheaper to recharge the battery of an electric car than it is to fill up at a gas station, but many states across the nation have either imposed electricity tariffs or time-of-use rate plans, where the amount you pay for electricity is based on the time of day when you consume it.
The idea is that by charging more during peak times, people will instead opt to perform tasks that require lots of electricity during off-peak hours and avoid straining the electrical grid.
The cost of running an EV in California
According to economists at UC Berkeley, California EV owners are estimated to pay about $600 annually to run their vehicles. That’s about a quarter of the money that EV drivers would save by not filling up on gasoline.
Additionally, households switching to electric heat from gas will also incur an additional $600 as California aims to ban gas-fired heating and boilers by 2030.
In spite of these challenges, it’s important to remember that large-scale EV adoption and a nationwide shift to using greener and more renewable energy sources aren’t going to happen overnight.
California is still a great state to own an EV
Regardless of the inflated cost of electricity in California, the state still leads the nation in many ways when it comes to EV adoption and accessibility.
After providing you with a comprehensive cross-analysis of the best policies across providers, Jerry will handle the phone calls, paperwork, and renewals for your top pick so that you don’t have to. They can even help cancel your old policy! So why do all that extra work when Jerry can do it better?