Electricity costs for electric cars: Price advantage shrinks in the short term and increases in the medium term

Despite the high costs, driving an electric car remains cheaper than driving a petrol engine.

Electricity costs for electric cars: Price advantage shrinks in the short term and increases in the medium term

Despite the high costs, driving an electric car remains cheaper than driving a petrol engine. In the medium term, the price advantage will even increase. According to data analysts, this is partly due to the energy market and partly to the cars themselves.

The price advantage of the electric car in terms of energy costs will shrink in 2023. Nevertheless, electric driving will remain cheaper, predicts the data service provider Dataforce. The experts see the reasons in the energy market and in the car itself.

E-car drivers cannot expect a short-term reduction in electricity prices at their own wall box. Even now, new customers often have to pay more than 50 cents per kilowatt hour. In the medium term, however, experts expect prices to fall.

According to an analysis, if the French nuclear power plants were connected to the grid again and renewable energies were further expanded, less expensive gas and coal electricity would be required. The electricity price could then drop in the direction of 40 to 45 cents per kilowatt hour. According to the forecast, petrol, on the other hand, will continue to become more expensive in the future because it will become part of European emissions trading and the CO2 levy will increase.

The experts also see advantages for e-mobility in drive efficiency. Gasoline and diesel engines are almost exhausted in this regard, and no major breakthroughs are to be expected. With e-mobile, on the other hand, they see potential for optimization. The average consumption of currently 20 kWh/100 km should drop to 18 kWh/100 km.

The energy costs for driving a distance of 10,000 kilometers are derived from prices and consumption. In the fall of 2022, you paid around 1,300 euros for a petrol engine, while the same route in an electric car only costs around 800 euros. This results in a price advantage of 500 euros, which is above the average of recent years (380 euros). In 2023, according to Dataforce forecasts, the advantage of the Stromer will shrink to just 250 euros.

If the price of electricity climbed to more than 66 cents per kilowatt hour, the petrol engine would actually be cheaper. In the medium term, however, the price advantage of electric cars will continue to increase.