Due to the Russia-Ukraine war, Europe saw electricity prices soar, making some electric vehicles more expensive than internal combustion engines.
In some cases, the difference in cost between driving both types of vehicles over 100 miles had become negligible.
According to economists, higher electricity prices were expected to persist for several more years, which could remove a strong incentive for consumers looking to switch to electric vehicles, jeopardizing the continent’s electric transition.
In Germany, Tesla Inc TSLA have raised supercharger prices several times this year, most recently to €0.71 in September before falling somewhat, according to reports from Tesla owners on industry forums.
Tesla’s Model 3 driver would pay €18.46 at a Tesla Supercharger station in Europe for a charge enough to drive 100 miles, according to The Wall Street Journal wrote.
For comparison: in Germany, a driver in a Honda Civic 4-door pays 18.31 euros for petrol for the same distance.
In general, if the EV owner only charged the vehicle at home, they still paid less to drive than traditional motorists, although that gap had narrowed significantly.
Analysts said about 80% of EV charging took place at home or at work. So if an electric vehicle was only used close to home, it generally remained the most cost-effective option. But once the vehicle was used for long road trips, drivers were more likely to use fast charging stations.
The German government’s independent panel of economic experts predicts that these prices will fall in the medium term, but not to the level before the energy crisis.
Continue reading: This European country aims to reach 1 million electric vehicles by 2027: could Tesla benefit from this?
Photo: taiga via Shutterstock
[ad_2]
Source story
