E.ON board member Thomas König presents new study: E.ON grids will be upgraded for 100 percent e-mobility
- E.ON ready to cope with all cars in its service areas being electric by 2045
- Grid conversion will be largely completed without disruptions by construction sites
E.ON's distribution grids in Germany will be able to support a complete switch to electric cars, according to a joint study by E.ON and Consentec. However, this will require the forward-looking investments in the conversion of the infrastructure to continue.
The study has looked at various scenarios up to and including a 100 percent market share for electric cars. The calculations are based on the roughly 6.5 million conventional cars currently registered in all E.ON service areas. The study concludes that E.ON's grids in Germany are well equipped to allow a greater number of electric vehicles to be recharged – and to even support a complete electrification of passenger cars by 2045.
According to the study E.ON will need to invest a total of around €2.5 billion over the next 25 years. Two-thirds of this will be spent on selective construction projects that will hardly be noticeable to the public, such as the renewal of local grid stations. One third of the investment will be needed for the construction of new power lines. E.ON already invests around €1 billion annually in its German grids. Around a quarter of this sum is spent on connecting renewable energy sources to the grid.
If the total investment of €2.5 billion is distributed evenly among the 6.5 million electric cars in the E.ON service areas, the average investment will be just under €400 per vehicle. This sum for each car could even be halved by introducing digital solutions and incentives for customers that will shift most of the charging from the high-load evening hours to the low-load night hours.
Thomas König, the E.ON board member responsible for energy networks, emphasized: “E-mobility brings green electricity into the transport sector. This will significantly reduce CO2 emission levels in German and contribute to achieve the climate targets for 2030 and 2050. By upgrading our grids, we are ensuring that our infrastructure can cope with a switch to e-mobility at any time.”
This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group Management and other information currently available to E.ON. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to align them to future events or developments.