Cars

Electricity for e-cars is becoming increasingly expensive

Anyone who drives an electric car and has a wall box in their carport at home could smile mildly at the sharp rise in petrol and diesel prices in recent months. But since electricity prices have followed suit, the cost advantage of electric cars due to cheap energy is threatening to vanish into thin air.

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While fuel prices at filling stations have risen by an average of 25 percent (diesel) and 15 percent (super) since the end of February (mainly caused by Putin’s war of aggression in Ukraine), the price of electricity has remained relatively stable.

But that’s over now: At the end of last week, wholesale prices on the Leipzig electricity exchange EEX jumped to a record high of 319 euros per megawatt hour. This corresponds to an increase of more than 310 percent.

The wholesale price was still 22 cents per kWh in mid-June

Calculated per kilowatt hour, this results in a price of more than 31 cents per kilowatt hour in July 2022 – that’s how high the consumer price was in 2021! In mid-June 2022, a kilowatt hour still cost 22 cents wholesale. That even nullifies the savings from eliminating the EEG subsidy, which is around 3.7 cents per kilowatt hour.

In the course of the first half of 2022, the price of electricity for households in Germany had already risen sharply. According to the Federal Association of Energy and Water Industries, it was 37.14 cents in June.

As a result, e-car drivers are facing a wave of cost increases: for June to August, suppliers have increased prices or announced increases in 435 cases. Around 6.1 million households are affected by the price increases in the summer. On average, the price increases amount to 22.6 percent and affect around 7.7 million households.

Energy costs for e-cars soon more expensive than for combustion engines?

According to an evaluation by the comparison portal Verivox from March 2022, e-cars were up to 60 percent cheaper than combustion engines in terms of energy costs. An average power consumption for e-cars of 19 kWh per 100 km was taken as a basis. This results in costs of 7.06 euros per 100 km.

A petrol engine with an average of 7.7 liters of E10 per 100 km currently costs 14.17 euros – around twice as much. However, if the electricity suppliers pass on the price increases 1:1, 100 km in an electric car would soon cost more than 21 euros.

The best electric cars

Selected products in tabular overview

BMW iX xDrive50

BMW iX

RRP from EUR 77,300, savings: up to EUR 13,386

Kia EV6

Kia EV6

RRP from EUR 44,990, savings: up to EUR 14,069 / in leasing from EUR 274

Mercedes EQS 580 4Matic

Mercedes EQS

RRP from EUR 97,807, savings: up to EUR 6,152

Hyundai Ioniq 5

Hyundai Ioniq 5

RRP from EUR 41,900, savings: up to EUR 12,280 / in leasing from EUR 234

Audi Q4 e-tron 40

Audi Q4 e-tron

RRP from EUR 41,900, savings: up to EUR 12,420 / best leasing price: EUR 89

Skoda Enyaq iV80

Skoda Enyaq iV

RRP from EUR 34,600, savings: up to EUR 11,584 / best leasing price EUR 124

Mazda MX-30

Mazda MX-30

RRP from EUR 34,490, savings: up to EUR 13,035 / in leasing from EUR 90

Smart EQ Fortwo

Smart EQ for two

RRP from EUR 21,940, savings: up to EUR 8,240 / in leasing from EUR 77

Tesla Model 3

Tesla Model 3

RRP from EUR 46,560; Savings: up to EUR 7,975 / best leasing price EUR 289.00

Opel Corsa-e

Opel Corsa-e

RRP from EUR 30,400; Savings: up to EUR 11,920.00

Volvo XC40 Recharge

Volvo XC40 Recharge

RRP from EUR 48,650; Savings: up to EUR 9570.00

In April 2022, the prices at AC charging stations from the major supplier EnBW were already 38 cents per kWh. Fast charging is usually more expensive, with EnBW costing 48 cents per kilowatt hour at the beginning of the year. Other operators charge more, E.ON charges 39 cents for AC charging and 49 cents for DC charging. Individual providers such as B. Hamburg Energie already announced in June that they would increase prices by more than 60 percent.

Charging station providers are still waiting

“The currently rising energy prices are not leaving charging current providers unaffected. And Ionity is also continuing to monitor developments on the energy markets in all European countries very closely,” says a company spokeswoman for AUTO BILD. At the current time, however, no price increase is planned.

EnBW also wants to wait and see: “We currently have no plans to adjust our charging tariffs,” a spokeswoman told AUTO BILD. Even in the current market environment, EnBW, in contrast to many other market participants, would have kept the special tariffs for electric car drivers stable – also for charging at charging points from other operators. However: “In view of the current highly dynamic situation on the energy markets, it is not foreseeable to what extent this can last over the current year.”

What the future will bring in the medium term

The prospects are currently difficult to assess: Today, Germany obtains around 50 percent of its electricity from renewable energy sources. The Bundestag has recently decided that this proportion should be increased to 80 percent. However, this will not be the case until 2030 at the earliest.

At the same time, up to ten million new electric cars are to be registered by this time. This means that the demand for electricity in the transport sector is also growing.

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