[qqqwerty]

The PG&E rate increases have a lot more to do with wildfires than it does with supply and demand. Look at SMUD rates, super affordable. I will agree though that it has been super frustrating for these rate increases to be hitting right around when electrification is picking up steam.

With that said, unless you are comparing the most efficient ICE against the least efficient EV's you should still see savings with an EV. If I charged our EV at the peak electricity rate (which I rarely do) it still costs about half as much as a fairly average ICE vehicle on a per mile basis. Compared against some of the most efficient ICE vehicles (hybrids like the Prius) I would still come out ahead, maybe by only 20% though. But again, that is comparing the worst case scenario where I only charge at peak rates. In practice we probably average around half of the peak rate from a mix of at home, at work and around town charging.

I will admit though that it is not a particularly good look for CA regulators to be pushing electrification so hard while also allowing huge rate increases. It ends up looking like a huge handout to the investor owned utilities. And the proposed rate changes that implement an income based fix charge are absolutely idiotic. With batteries coming down in price we could soon see the economics of going off grid become much more attractive, which would further exacerbate the situation (CA IOUs will need battery adopters to stay connected to the grid to help with intermittency)