New Economy Forum
Europe's Biggest Markets Need $17 Billion to Keep Teslas Rolling
- Charging infrastructure needs combined $17b of investment
- Charge points will be needed in homes, forecourts, shops
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The growth of electric cars in Europe’s two biggest vehicle markets will require billions of dollars of investment in ways to keep them charged.
The number of electric vehicles could skyrocket to 23 million in Germany by 2040 and 17 million in Britain from about 200,000 and 140,000 now, according to a report published Thursday by Aurora Energy Research Ltd. Building the infrastructure needed to charge this new fleet will require as much as $17 billion of investment.