With the higher price of electricity generation in Germany, will electric companies be successful in Germany?
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Abhishek E. asked during the live chat Mobility Transformation to Roland Berger
Category: About us
Date asked: Friday, March 6, 2020
Last reviewed: Friday, March 6, 2020
Leonard L.
Senior Consultant
Hi Abhishek, could you further specify your question? Be successful in what respect?
Friday, March 6, 2020
Abhishek E.
Hi. Will Germany be able to replace the current vehicles with electric vehicles as quickly as other countries where perhaps electricity generation is cheaper?
Friday, March 6, 2020
Leonard L.
Senior Consultant
Looking at the cost structure of EVs from a customer perspective, electricity is one of the lowest cost components as of today. Electricity is considerably cheaper than fuel in (I guess) all markets. However, high purchasing prices combined with high value depreciation and high insurance cost is a key inhibitor for customers to switch from combustion engine vehicles to EVs
Friday, March 6, 2020
Abhishek E.
Thank you for your insight 😊
Friday, March 6, 2020
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