But of course!
As motorists change over to electric vehicles, the likes of Topaz, Esso etc will see their revenues drop but the likes of ESB will see their revenue rise as people purchase more electricity!
You charge your car every two days at 8kW over 8 hours each time ..... that's over 11000 units per annum.
€0.0745 per night unit on the ESB urban nightsaver tariff - over €800 per year!
Seeing that the average bill per household is about €600-€700 per year, charging your car at home amounts to a substantial new source of income for electricity suppliers
Battery technology will make or break electric cars. Currently batteries are too big and costly. Will they improve enough over the next 10 years? Any one familiar with the rate of battery improvements in the last 10 years?
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I don't see range as the big problem. That will inevitably improve. Battery life will be a bigger issue, which I'd guess is part of the reason why the batteries will be rented rather than bought outright. Nobody would tolerate buying a car whose engine only lasts a couple of years.
Charging the battery is a problem, using a high amps woud quickly damage it, due to heat generating, hence the 8 hour figure.
Batteries are far better than ten years ago, but seem to have reached a wall.
To me the big problem is the road, weather and hills. Three things we do not have a good quality in Ireland.
Give your battery a 8 hr charge, then put four adults in the cold pouring rain and drive up and down hills and valleys . Cannot see you getting more than 2 hours driving.
Then again according too the bicyle mechanic, the electric car works. But he also thinks that as NAMA is putting in a 46% haircut, the taxpayer is definitly in for a profit.