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Support UsHOMELATESTBUSINESS NEWSMONEY & MARKETSTECH & INNOVATIONA.I.LIFESTYLELEADERSHIP✉️ EMAILS PODCASTSEVSELECTRIFYINGElectric cars are saving all Americans billions on their utility bills — not just EV driversAnd by 2050, electric vehicles can cut consumer costs by $200 billion — each yearByWilliam GavinPublishedYesterdayWe may earn a commission from links on this page.The vast majority of revenue generated by electric car charging comes from California.Photo: Drew Angerer (Getty Images)Electric vehicle drivers have saved Americans billions of dollars on their electric bills — and that’s only the beginning, according to recent studies.Is Bitcoin too speculative?Is Bitcoin too speculative?Synapse Energy Economics took a look at how much owners of EVs paid for electricity compared to the costs of providing that power, such as distribution and transmission costs. Between 2011 and 2021, electric car drivers in the U.S. contributed $3.12 billion more than their associated costs, according to Synapse, which drove down monthly rates for “all customers.”And after Synapse adjusted its analysis to account for utility costs spent on EV programs, there was a net revenue gain of $2.44 billion. Synapse’s report was commissioned by the Natural Resources Defense Council (NRDC), a New York-based environmental