End of the boom: Tesla, BMW & Co: Does the high electricity price make e-cars less attractive? | news

End of the boom: Tesla, BMW & Co: Does the high electricity price make e-cars less attractive?  |  news

• E-car boom could recede from 2023
• Expected cost disadvantages of e-cars compared to combustion engines
• E-cars unattractive as company cars in Germany

Whether the new purchase should be a combustion engine or an electric car is often a question of cost. So far, the combustion engine is cheaper to buy, but that electric car recovers the additional costs over the service life. However, that could change in the near future, warns car expert Ferdinand Dudenhöffer in a study by the Center Automotive Research Institute, which is available to the Handelsblatt.

E-cars could lose popularity from 2023

Electric vehicles have become increasingly popular in recent years and have started a rapid race to catch up with combustion engines. Above all, the high state subsidies in the form of the environmental bonus ensured high sales figures. According to the Federal Motor Transport Authority, sales of electric cars rose by 83 percent in 2021, and sales of hybrid vehicles by 43 percent. The market share was 14 percent and 29 percent. The popularity continued in the first six months of this year, but an end to the boom is predicted for 2023.

Automotive expert warns of cost disadvantages

CAR Director Ferdinand Dudenhöffer fears that e-cars will hardly be profitable due to the lack of subsidies and the sharp rise in electricity prices. This makes e-cars less attractive. As part of the CAR Institute study, three popular e-car models were compared with equivalent combustion engines: the Fiat 500e and the Opel Mokka-e, each with their combustion engine versions, and the Tesla Model 3 with the BMW 3 Series. The full-service leasing costs, fuel and acquisition costs of a combustion engine were compared with the monthly subscription rates, electricity costs and acquisition costs of the e-car with a mileage of 15,000 kilometers. When calculating the conditions in summer, the e-cars still had a cost advantage over the combustion engines, which, however, can no longer be maintained. “From 2023, electric cars will be at a significant cost disadvantage for consumers in Germany,” says the analysis.

E-cars are particularly unattractive as company cars

According to the Handelsblatt, company cars are the drivers of electromobility in our neighboring countries France, England or the Netherlands, but the situation in Germany is very different: only 13 percent of company cars registered in 2021 are electric. The reasons for this range from funding and availability to the latest obstacle: high charging costs. For example, the US carmaker Tesla has raised the prices at its charging stations. The major Dutch operator Allego has also increased to 85 cents per kilowatt hour. In addition, company cars in particular are dependent on flexibility and fast charging stations on the road. Especially at peak times there can be long waiting times at the charging stations, even though the charging infrastructure is constantly improving.

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