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.”
New plans related to production of Model 3 have surprised parts makers. The automotive company has planned to launch its Model 3 by 2018, which is two years prior to what earlier was decided.
German automaker Volkswagen has revealed in a recent announcement that it is investing $100 million in solid-state battery startup QuantumScape, a startup that recently spun out of Stanford.
According to a recent announcement by Volkswagen, the automaker’s Foshan Plant ‘mega-factory’ in China is being expanded in order to increase its capacity to produce 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.
Tesla Motors has sent invitations for unveiling of electric semi-truck on November 16. The event was earlier planned in October but the company had to push it to November 16 due to production bottlenecks.
At a recently-held aviation conference in Oslo, Avinor head Dag Falk-Pedersen told reporters that Norway is mulling the purchase of electric (battery-powered) airplanes in the coming years.