The BDEW recently said that last year there was an increase of 35% in electric vehicle charger stations over the level required to meet the increasing numbers of battery electric vehicles being rolled out in Germany. Germany’s government authorized a plan totaling $6.9 billion over the next three years in order to rapidly increase the quantity of electric vehicle charging outlets as part of its effort towards carbon neutrality in the transport sector. This plan was launched in October last year.
The plan sets a target of a million charging stations in 2030, compared to just 70,000 at present — an increase of 14 times. The plan would concentrate on constructing the chargers in small towns and cities where there is currently a shortage.
BDEW, the representative of utility firms, stated in its calculation that the increase in built-in charging outlets that both private and public firms are providing is 20% more than what is required to keep pace with the increasing number of electric vehicles.
The number of high-speed point HPCs that are capable of generating more than 150 kW for a 62-mile driving range in a matter of minutes has gone up by 83% year over year to 7,037 out of the new total of 80,541 chargers. In addition, there has been a 15% increase in the number of quick charging stations using direct current electricity with a power range of 22–149 kilowatts. These chargers now number 6,216 in the country.
According to the data, the third-category number of between 11- and 22-kilowatt AC normal charging points for semipublic and private use increased by 34% to 67,288 charging stations. In comparison with 1.74 GW one year earlier, the companies have supplied 2.47 GW hours of built-in electrical vehicle power capacity as of the end of 2022.
According to government figures obtained in October, 1.5 million pure electric vehicles had been put into service by the end of that month, which was one-tenth of the 2030 target.
At a press conference held by BDEW, director Kerstin Andreae said the organization’s calculations showed that the current growth rate would result in a total of 8 million vehicles, which was far below the 15 million target set by the government for 2030. She stated, among other things, that measures such as additional incentives for buyers of electric vehicles, urging employers to implement charging at their workplaces and the expediting of required permissions could contribute to achieving this EV transition objective.
If the charging network is expanded at a similar rate in different markets, such as North America, the uptake of electric vehicles from manufacturers such as Mullen Automotive Inc. (NASDAQ: MULN) is likely to accelerate significantly in the coming years.
NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at https://ibn.fm/MULN
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