Alterations to power grid for e-cars cost billions

Modifying the power grid so that it can cater to an increasing number of electric cars will require investment to the tune of 11 billion euros by 2030, a study authored by the Munich-based consultancy TCW for ABB, a supplier of products and solutions for power systems and grid management software, seen by FAZ, calculates. More charging points are the most important trigger to scale up e-car numbers in Germany, the study’s author, Horst Wildemann, said. But while grid developers will benefit from such an upgrade, charging point operators will not see much return on their investment for at least three years, the study predicts.

Read the article in German here. According to ABB, the study will be published in the near future but is not available yet.