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Expert warns: High electricity prices could stand in the way of e-car growth

2024-03-18T15:27:32.553Z

Highlights: Expert warns: High electricity prices could stand in the way of e-car growth.. As of: March 18, 2024, 4:18 p.m By: Sebastian Oppenheimer CommentsPressSplit There are several reasons for the current slowdown in demand for electric cars. The number of new electric vehicle registrations fell sharply in January compared to the previous month. The Association of the Automotive Industry (VDA) also fears a decline in electric car sales by 2024. According to experts, high electricity prices also play a role.



As of: March 18, 2024, 4:18 p.m

By: Sebastian Oppenheimer

Comments

Press

Split

There are several reasons for the current slowdown in demand for electric cars.

In addition to the loss of value and the loss of subsidies, experts believe that the price of electricity also contributes to this.

The range of electric cars is growing, as is the number of charging options: the contract for 1,000 new fast charging points along the motorways was just awarded.

Nevertheless, the boom in e-mobility seems to have stopped now after the environmental bonus funding ended: the number of new electric vehicle registrations fell sharply in January compared to the previous month.

And according to a survey, the car dealers' forecast for new orders for electric cars for 2024 is anything but rosy.

The Association of the Automotive Industry (VDA) also fears a decline in electric car sales by 2024

.

According to experts, high electricity prices also play a role.

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Expert sees impending problems for electric cars due to electricity price developments

As transport expert Wolf-Peter Schill from the German Institute for Economic Research (DIW) explained to the

Augsburger Allgemeine

, there is a suspicion that at least some providers have used the 2022 electricity price crisis to raise permanent prices.

Even if it is not clear whether the charging tariffs for the providers were always cost-covering before the crisis and whether the prices at public charging stations were actually excessive: the price development threatens to harm the politically desired switch to more electric cars, the expert told the Newspaper.

“High costs and confusing tariffs certainly don’t help electromobility.” 

If you already own an electric car and want to save money when charging your electric car, you should definitely take a few tips to heart.

Hurdles for potential e-car customers: high purchase prices and loss of value

However, the price of electricity is of course not the only thing that is currently deterring potential e-car customers.

The high purchase prices for the cars themselves are also a problem, as are high repair costs for electric cars and, above all, the high loss of value for purely electric used cars.

This is one of the reasons why the car rental company Hertz recently changed its electric car strategy and declared that it wanted to sell a third of its electric vehicle fleet.

Dortmund tuner Jean Pierre “JP” Kraemer also recently reported on the significant loss in value of his Porsche Taycan Turbo S.

According to experts, high electricity prices can also slow down the growth of electric cars.

(Symbolic image) © Lobeca/Imago

According to the DAT report, more than a third of German car owners currently cannot imagine switching to an electric car.

Almost 40 percent said in the survey that they could imagine making a switch - but almost half of them would only do so in more than five years, and just under a third said a possible switch would take between three and five years.

Source: merkur

All tech articles on 2024-03-18

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