Germany increased EV public charging points by 25% in past year, but business still not profitable
On Wednesday, German utility lobby BDEW said that the number of public charging points for electric vehicles (EVs) in the country has increased by 25% in the last one year. However, BDEW also added alongside that the installation of EV charging station is still not a profitable business.
Reporting the figures for EV public charging points in Germany, BDEW said that there are presently a total of 13,500 public charging points installed in the country. The utility lobby also revealed that the country has added 2,800 new public charging points since end-June 2017.
Highlighting the fact that Germany has significantly expanded the EV charging network in the past year, BDEW also said that the EV charger business is yet to become a gainful industry because of an evident lack of EVs models available from automakers for purchase by customers at competitive prices.
Revealing that more than 75% of the EV charging points in Germany are being built and operated by electricity companies, BDEW’s Managing Director Stefan Kapferer said that the business is not profitable “in view of the small number of e-cars.”
Kapferer further added: “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.”
According to an Automotive News report, German automaker BMW plans to discontinue its i3 all-electric compact car and i8 plug-in hybrid sports car ahead of introducing its next-generation electric vehicles (EVs).
Chinese electric vehicle (EV) manufacturer Kandi has recently marked its official foray into the US market, with the launch of two new EVs --- the EX3 all-electric SUV, and the K22 subcompact electric car.
US electric vehicle maker Tesla Motors CEO Elon Musk shared some interesting information about the automaker’s upcoming products last week, saying that the pickup truck is his ‘favorite next Tesla product.’ The statement was made by Musk during Te
According to electric vehicle maker Tesla’s latest update to its Model 3 online design studio, the automaker has increased the cost of the Model 3 Dual Motor version and some other options.
US electric vehicle manufacturer Tesla Motors has released its earnings report for the second quarter of 2018.
In an announcement made via a recent press release this week, Utah-based startup Nikola Motors -- which develops electric vehicles (EVs) and hydrogen fuel cell trucks -- said that it has secured a new funding of $100 million for bringing its vehic