Is it still profitable to drive an electric car?

Is it still profitable to drive an electric car?

€1,100 per megawatt hour (MWh) in recent weeks, compared to €85 a year earlierwithout a doubt, the spectacular wholesale price of electricity in France, a consequence of the war in Ukraine and the unavailability of nuclear power plants in Franceit fuels all fears, it fuels all fantasies, even among those who wondered about the switch to an electric vehicle: “Obviously it’s impressive, so you can question some people about the decision to switch to electric mobility”, declared Mathias Laffont , director. “uses and territories” in the French Electricity Union (UFE), the professional association of the sector.

At home or at work

Especially since at the same time, the State increased on September 1 (for two months) to 30 cents per liter, compared to the previous 18 cents, the fuel bonus at the pump, and TotalEnergies added 20 cents more. waving this red rag, Is the risk high that current and future electric car users will quickly be caught up, particularly by an explosion in the price of electrons? Could the electric vehicle market collapse?

In fact, the French should be protected globally. The first reason is that “80% of recharges are made at home and at work“, remarks Clément Molizon, general delegate of the National Association for the Development of Electric Mobility (Avere-France) and whose statements are reported by Remember that the State tariff shield is applied in the home and that the increase has so so far it has been limited to 4%.The French government has also promised that this system will remain in force in 2023 and that the increase would be “contained and reasonable compared to (the) worst case”that is, duplicate invoices.

Ionity is keeping an eye on the terrible fluctuations in electricity prices…© Ionity

unstoppable calculation

It is true that this temporary state protection in terms of price freezing does not prejudge a reversal from 2024 but, nevertheless, the exponential development of the electric car in our country and in Europe should not be exhausted: “Even if we had an increase in the electricity tariff, there is a margin that is quite significant. At home we are about two euros per 100 km, when in thermal we are between 12 and 16 € depending on the performance of the cars,” argues Mr. Molizon. A compelling argument, not to mention discounted electricity rates during “off-peak” hours…

A finding in any case corroborated by the sales of new 100% electric cars in France, including registrations went from 2% in 2019 to 12% in the first eight months of 2022. In addition, the ban on the sale of new thermal vehicles in 2035 in Europe is an undeniable demonstration in favor of the increase in power of EVs.

The street is paid at a high price

The same does not happen with the operators of public charging stations, on the road or near shops, and at heterogeneous prices, with or without subscription to lighten the bill. In Allego for example. This has been announced by the pan-European electric vehicle recharging network, which has more than 28,000 recharging outlets in Europe. kWh rates increased 15-20% this month in several countries, including France, “due to rising electricity prices across Europe.” And if at Ionity, its competitor, no price increase is expected, the network remains alert, stressing that “the current rise in energy prices does not spare operators”. Same story at EDF, which does not plan to increase prices at public charging stations operated by its dedicated subsidiary, Izivia.

The Peugeot e-208, king of electric sales in France in 2022
The Peugeot e-208, king of electric sales in France in 2022© Alex Krassovsky

Long-term relevance

As for car manufacturers, the lights are rather green in this area as the oil crisis last spring has attracted new buyers to models in its electric range. at Peugeot, the e-208 city car has even reached the top of electric car sales in France during the first half of 2022. “The relevance of the move to electric mobility must be evaluated over several years (…) The increases in the price of recharging, as long as they are kept under control, do not reverse the economic logic of the move to electric mobility. electric mobility. ‘electric’. Carpe Diem.

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