For some electric vehicle owners, recharging now more costly than filling up
From CBS News‘ Irina Ivanova:
Here’s how much electricity prices have surged in parts of New England this winter: For some drivers of electric vehicles and hybrid cars, it’s now more expensive to charge up than to fill up.
Power rates across the region have jumped an average of 30% since last summer, while gasoline prices have receded well below their peak in June of 2022. Web engineer Matt Cain, who lives in Amherst, Massachusetts, said he ran a price comparison when his electricity bill shot up in January and found that his overall costs for utilities had climbed a whopping 50%.