World
The EV Cost Advantage Is Shrinking in Germany, and the Reason Matters
✦ AI Brief
Electricity prices in Germany have surged over the past couple of years, driven by energy market instability and reduced Russian gas supplies. As a result, the operating cost advantage of electric vehicles (EVs) over comparable gasoline vehicles has shrunk considerably. Analysis found that for drivers who charge primarily at public stations, the math has flipped entirely in some cases, complicating the narrative that the switch to electric is straightforwardly cheaper to run.