Investor enthusiasm in constructing electric car charging stations may be questioned if the energy crisis persists. The leaders of the German auto industry worry that the high cost of power threatens the future of electric vehicles. According to “The Guardian,” the shortage of spare parts and the rise in energy prices are eroding consumers’ purchasing power just as inflation is about to take hold. This has a significant influence on the development and marketing of automobiles.
In addition, if this pattern persists, investors may decide not to participate in the construction of stations for refuelling electric vehicles. As a result, purchasers are no longer as interested in purchasing electric vehicles. Electric cars were quite appealing before this crisis, especially when the price of derivatives increased significantly. However, the increase in the price of energy has completely changed everything.
It is important to note that compared to last year, fewer electric vehicles are being driven on German roads. The economist and auto industry specialist Stephan Bracel stated to the German media that:
“Rising electricity prices can be an acute risk for car transition and we need to be careful with that. If electric cars become expensive to use, their electrification is in danger of collapsing, as hardly anyone will buy one.”
When compared to this time last year, the costs of the top 15 electric car models in Germany have climbed by 14.5% this month. An electric car’s price increases on average by 5385 euros. The Center for Car Research (CAR) conducted a market analysis that was presented in this Handelsblatt article. The base model of the Tesla Model 3 has increased in price by 7,000 euros, costing 49,900 euros today. On the other side, Ford raised the cost of the Mustang Mach-base E’s model by 9,000 euros, bringing it to 56,500 euros.