The number of electric vehicles (EVs) in operation in Germany has grown three times as fast over the past two years as the country's public charging infrastructure, the state-owned promotional bank KfW said on Thursday.
"If this trend continues it could become a problem for the practical feasibility of electric mobility," said Fritzi Koehler-Geib, chief economist of KfW. "Charging infrastructure now needs to keep pace with the dynamic growth of electric mobility in order to make the switch to electric cars attractive."
The expansion of public charging points in Germany has so far been equally distributed across the country, according to the bank. However, there is a risk that charging points in sparsely populated regions in particular could not be operated economically.
More than 50 percent of German households do not consider purchasing an electric car because of an insufficient public charging infrastructure, the bank said. Most public charging points are needed in densely populated areas.
Germany's government plans to "massively accelerate the expansion of the charging station infrastructure." It aims to have at least 15 million all-electric cars on the country's roads by 2030, up from just above 600,000 at the start of 2022.
Editor: Galia
