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More EV Charging Points Installed In Germany, Still No Profit


Charging Points Germany

During the past year, Germany has increased the number of public charging points for electric vehicles by approximately 25%. This was said by the utility lobby BDEW on Wednesday. However, they mentioned that it is still an unprofitable business.

2,800 new public charging points have been added since the end of June 2017. Now, there are 13,500 points across the country.

The problem is that these stations are mostly built by power companies. “Over three quarters of charging points are operated by electricity companies, although in view of the small number of e-cars, this is not profitable,” said Stefan Kapferer, managing director of BDEW.

The other quarter of charging points is mostly built by car park operators, supermarkets, and hotels. They count charging facilities as an additional service that they provide, hoping that it will bring them more profit.

The problem is caused by the car makers. They are not providing enough electric models at affordable prices for consumers.

“If electric mobility is to achieve a breakthrough in Germany in the next few years, then the car industry has to offer models to the market that can compete on price and performance with the combustion engine,” said BDEW managing director Stefan Kapferer.

Germany has planned to have 1 million electric cars on its roads by 2020, but until now it has less than 100,000 of them. The government’s try to provide additional funds for buying electric cars in order to promote the technology has been hampered by the cost of the cars, limited range, and charging time.

80 percent of the future charging processes will be expected to place at home rather than in public. Now, car owners have options to charge it with a ridiculously slow speed offered by a conventional domestic socket or to buy an expensive (few thousand euros) loading box.

Additionally, they will need permission from their local power provider in order to install and use these boxes, since too many boxes in a small neighborhood can overload local power networks during the peak charging evening hours. Therefore, the government has to change the residential property laws to enable more investment in private charging points.

[Via Autoblog]

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