Energy & Science
Americans Are Spending Less of Their Money on Electricity
A Tesla electric car recharges in garage powered by solar panels in Los Angeles, California.
Photographer:Education Images/Universal Images Group Editorial via Getty ImagesThis article is for subscribers only.
Sign up to receive the Green Daily newsletter in your inbox every weekday.
Last week my BloombergNEF colleagues and the Business Council for Sustainable Energy published their annual Sustainable Energy in America Factbook, a wealth of data on the trends shaping the world’s second-biggest energy system. One figure, which captures how much Americans spend on electricity, is at an all-time low. Today electricity represents just a little more more than 1% of Americans’ total outlay on goods and services, down from about twice that much in the early 1980s.