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Billions needed for electric car recharging network, federation says

July 15, 2020


Abstract : Germany's Bundesverband eMobilitaet (federation for electro-mobility) says that billions' of euros in investments will be needed in the years ahead to set up a comprehensive nationwide battery recharging network.

A charging cable is plugged into the connector of a car. (picture alliance/dpa)

Germany's Bundesverband eMobilitaet (federation for electro-mobility) says that billions' of euros in investments will be needed in the years ahead to set up a comprehensive nationwide battery recharging network. Financing via a levy on network charges could also be passed on to electricity customers, according to a position paper that the federation sent to the Federal Network Agency, a copy of which the German Press Agency dpa has acquired.

Over the next ten years, the federation foresees an additional expansion to a total of 400,000 recharging stations. At the moment, there are 28,000 stations. The expansion would require investments of around 9.3 billion euros.

The federation's paper calls for a stronger involvement of network operators in the public recharging infrastructure for electric-powered cars. To assure that there can be cost advantages for the customer, infrastructure and service would have to be separated.

Network operators should be empowered to refinance the necessary costs for hardware, planning, installation and grid connection via a levy on network charges. The operation of recharging stations could then be put out for tender.

The network charge, which is a component of electricity rates, would correspondingly rise with the levy. For a private household with an annual consumption of 4,500 kilowatt-hours, it would mean an additional cost of between 2.11 euros and 11.30 euros at the highest, the federation paper estimates.

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Keyword: investment Germany battery recharging network

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