My electricity bill will go way up.

Not exactly. You see, while you’ll spend more on electricity, the savings on gas will more than cover it. If you drive a pure electric vehicle 15,000 miles a year at current electricity rates (assuming $.12 per kilowatt hour), you’ll pay about $500/year for the electricity to charge your battery, but you’ll save about $1,900 in gas (assuming $3.54 per gallon, a 28 miles per gallon vehicle, and 15,000 miles driven). So $1,900 minus $500 equals $1,400 in savings – a 74% reduction in fueling costs.

In San Diego, EV owners are eligible lower off-peak/nighttime rates. So big picture… you’ll be saving more than just the environment.