ANALYSIS: US Power Generation Declines as Electric Demand Increases
When you charge a phone, turn on a television, or plug-in an electric vehicle, think of coal, gas, and nuclear; the three major fuels generating the power at your fingertips.
Consumers are told electricity is cleaner, and government regulations are forcing a transition into electric stoves, electric heating, and electric cars.
Just 5.8 percent of new cars sold in the United States in 2022 were electric. But with President Joe Biden’s proposed regulation that 60 percent of new car sales must be electric by 2030, and then 67 percent of sales by 2032, demand for electricity is expected to rise sharply over the next seven years….