European association Eurelectric estimates that charging stations for electric vehicles will cost 80 billion euros

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The EU’s plan to increase the number of electric vehicles 50 times this decade in order to reduce greenhouse gas emissions will require investments in charging stations of 80 billion euros. This assessment was published by the European industry association Eurelectric, which unites national electricity associations and leading companies working in this field.

European association Eurelectric estimates that charging stations for electric vehicles will cost 80 billion euros

Earlier, the European Union said that by 2030 there should be at least 30 million zero-emission cars on the roads of Europe in order to reduce emissions by at least 55% this decade compared to 1990 levels.

According to the estimates of the European Association of Automobile Manufacturers, at the end of 2019 there were only about 615 thousand such cars.

According to the Eurelectric report, the number of public charging stations for electric vehicles does not exceed 250,000. To achieve the stated goal, the number should grow to 3 million by 2030. The report also states that the expansion of the charging infrastructure will require € 20 billion for publicly available chargers and 60 billion euros – for private individuals. So far, meanwhile, “much less” is planned.

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