All-electric future comes at a huge cost ...News

Russia Today - Economy
All-electric future comes at a huge cost
source : Russia Today ( News ) () 14
The electrification of homes is touted as one way to reduce greenhouse gas emissions in the residential sector as the US Administration aims for a net-zero economy by 2050. But going all-electric will not be as easy as it seems. The “electrify everything” drive comes with higher upfront and—in some cases—higher maintenance costs for consumers, higher costs for homebuilding contractors, and higher intangible costs for politicians who may prematurely call the end of gas furnaces and boilers and saddle voters with higher energy bills. In addition, all-electric homes with electric vehicle (EV) chargers are expected to raise peak power dema

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