Market: Rising costs also for electric vehicles

ELECTRICITY PRICES An analysis by TCS shows how electric-powered vehicles currently compare in terms of cost as electricity prices rise compared to those with conventional powertrains.

Electricity prices
Even if electricity prices rise, the electric car remains cheaper in terms of costs.

Prices for diesel and gasoline have climbed to unprecedented heights in the current year, and electricity tariffs are also rising to 2023, in some cases sharply. This raises the question of whether the cost advantage of electric cars will be maintained in this way, even though the current TCS barometer has shown that the price of electricity has no influence on the purchase decision for 75 percent of the population.

Moderate increase in price for EV car
The average annual fuel cost for conventional cars is currently 2068 francs for new gasoline vehicles and 2165 francs for diesel vehicles. In comparison, the fuel costs of electric cars amount to only 655 francs.

The comparison thus shows that electric vehicles are significantly cheaper in terms of pure energy costs. Assuming that fuel and electricity costs each rise by 50 percent, electricity costs for electric cars increase by 312 to 967 Swiss francs, but for gasoline vehicles by as much as 1034 to 3102 Swiss francs and for diesels by 1031 to 3196 Swiss francs.

Advantage of more efficient electric motors
Even if the price of fuel remains constant and only the price of electricity increases by 50 percent, the significant advantage of the more efficient electric motors remains. At today's gasoline price of 1.80 Swiss francs and diesel price of 2.10 Swiss francs, the price of electricity would have to rise to over 66 and 69 centimes per kilowatt hour, respectively, to make up the difference.

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