With the higher price of electricity generation in Germany, will electric companies be successful in Germany?

Hi Abhishek, could you further specify your question? Be successful in what respect?

Hi. Will Germany be able to replace the current vehicles with electric vehicles as quickly as other countries where perhaps electricity generation is cheaper?

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

Thank you for your insight 😊