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Soaring energy costs could threaten future of electric cars, experts warn
(The Guardian, 12 Sep 2022) Industry bosses in Germany say high costs are having an impact on vehicle production and sales.
Soaring energy costs are threatening the future of the electric car, industry bosses in Germany have warned.
A rise in electricity prices as well as in raw material costs and availability, a chronic shortage of parts, and a widespread reduction in disposable income are having a considerable impact on the production and sales of cars.
If the trend continues, there is also concern that there will be a knock-on effect on investors who will lack incentives to build charging facilities, making electric cars less attractive – because they would be more impractical – to run.
Until recently ownership of electric cars had been gaining in attractiveness as the cost of petrol rose. But since recent rises in electricity prices – in Germany of around a third compared with a year ago – the price differential has shrunk.
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The Guardian, 12 Sep 2022: Soaring energy costs could threaten future of electric cars, experts warn
