The hidden cost of going all-in on electric cars – auto executive

29 June 2024, 3:00 am

Fleet Auto News
The hidden cost of going all-in on electric cars – auto executive
Image: Drive
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The hidden cost of going all-in on electric cars – auto executive
Image: Drive

AutoExec Summary
The cost of rolling out electric vehicles will be greater than governments expect, according to a senior car company executive. It is cheaper to build a network of hydrogen fuel-cell refuelling stations alongside electric-car charging stations. The sales of electric vehicles have skyrocketed in recent years, requiring a global network of fast-charging stations. However, the cost of upgrading the power grid to cope with new charging stations is not being fully considered by governments. Hydrogen fuel-cell vehicles are not intended to replace battery-electric cars, and a balance of the two technologies will be the cheapest way to switch the global vehicle fleet to zero emissions.

Brands mentioned: BMW, Toyota, Hyundai.

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