🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Number of Germany's electric vehicle charge points rise 10% since December

Published 03/03/2021, 05:04 AM
Updated 03/03/2021, 05:10 AM
© Reuters. FILE PHOTO: A parking sign for electric vehicles is pictured in Gruenheide

FRANKFURT (Reuters) - The number of charging points for electric vehicles in Germany has increased by more than 10% in the past three months to reach 39,538, energy industry association BDEW said on Wednesday.

Policymakers in Europe's biggest economy aim to cut emissions from transport by expanding the use of electric vehicles. Addressing drivers' concerns about where they can be charged is seen as vital to encouraging wider usage.

"The expansion of public charging points continues unabated," BDEW said, adding that government efforts to boost demand for electric vehicles and equipment were bearing fruit.

BDEW data showed one in seven of the 3,788 charging points added since December were fast-chargers, which now make up about 10% of the total around the country.

The expanding number of charge points would ease public concerns about using electric vehicles, even though 90% of charging was conducted at home or the workplace, BDEW said.

It said a national target of 1 million charging points by 2030 might not be achieved but that number might not be necessary if enough fast charging points were included in the rollout.

Germany launched a 3 billion euro ($3.6 billion) scheme in November to extend consumer rebates for buying electric vehicles and wallbox chargers, and supporting programmes for scrapping old vehicles and investing in innovation.

BDEW said the number of applications for subsidies to install private wallboxes had risen to 300,000.

© Reuters. FILE PHOTO: A parking sign for electric vehicles is pictured in Gruenheide

($1 = 0.8275 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.