Electricity bills are seeing continuous increases, and on 29 September, Arera updated the tariffs, only partially limiting the prices that can be defined as abnormal due to the war in Ukraine. To alleviate the burden on households and businesses, it was decided to “exceptionally postpone the necessary recovery of the difference between the prices estimated for the last quarter and the real costs that occurred, also characterized by extraordinarily high increases”, while the cancellation of system charges. In this way, the increase in the cost of energy was limited to + 59% against an estimated cost of 100% more. The price in the bill, therefore, rises to 0.661 euro cents per kWh with a 59% increase linked to the energy item. What will happen to the electric car market? Will electric vehicles go out of fashion? Here is a reflection.

Crazy bills will slow down the race for the electric car

What will be the effect on the top-ups of the new prices in the bill? Without a doubt, charging costs for electric mobility vehicles are also destined to rise as we need to look at the free market and not the protected one. Some governments have reduced prices by reaching storage at 90% of gas in advance and the single price has risen from € 271.31 in June to € 429.92 in September.

At the moment, however, electric car refills have undergone limited changes. For example, Enel X Way has decided to increase consumption costs only for fast stations, and the other operators have not changed the tariff plans. Subscription prices also remain stable, allowing users to have no further disbursements, but when an electric car costs.

Electric car: how much does it really cost

Today, traveling silently and with zero emissions on an electric car is cheaper than traditional vehicles, since maintenance, road tax, and insurance costs are reduced. The TCO or the total cost of owning an electric car, is lower than the combustion engine. For example, for 30,000 km per year, the average car in Italy costs € 946 per month, compared to € 814 for the electric car.

In general, studies and research show that in Italy, the diesel car costs € 684 more than the fully electric car, while the country where they cost less is Germany with € 592 per month. Electric cars are among the most competitive in Western Europe, while in the East for the lower price of fossil fuels, petrol or diesel cars are more competitive.

Energy and scenarios: charging electric cars at risk?

In the last three years, we have seen a great demand for electric cars, and the importance of charging stations has increased, confirming that despite the increase in bills the electric car is not at risk. However, charging stations are still few in the nascent markets, and in Germany, France, and the Netherlands their presence does not follow the growth in the diffusion of electric cars, without forgetting issues concerning the cost of fuel and the list prices of the electric car.

In the current scenario, the number of recharges will have to increase – despite the rising energy costs – if we want to achieve the objectives of reducing emissions in the various countries which have electric cars at their center.

In particular, the targets set for potential charging infrastructures change from government to government, with China wanting to support 20 million electric cars by 2025 and the EU aiming to create over 1 million charging points by 2025 and 3 million by 2030. Germany, finally, has declared the target of 1 million charging points installed by 2030, alone equal to one-third of the EU target.

In conclusion, it is clear that the energy crisis has not slowed the spread of electric cars, and the role of companies in the sector such as DazeTechnology will be increasingly important in providing new ways for domestic and private charging. Contact us to find out more!