NASDAQ value of Tesla shares: Another price reduction for superchargers for European customers

Electromobility has grown steadily in recent years. With increasing range, improved technology and increasing environmental awareness, electric vehicles have emerged as an attractive alternative to traditional internal combustion vehicles. A crucial aspect of this development is the charging of electric cars.

• Over 84,000 charging points in Germany including Tesla Supercharger
• Fluctuating supercharger prices since 2020, peaking at 74 cents/kWh
• Supercharger price reductions in many other European countries

Tesla’s Presence: European and World Supercharger Statistics

ADAC states in an online article that Germany has a rich number of charging points for electric vehicles, including over 70,000 normal charging points and 14,000 fast charging points. With regard to the service providers of these charging stations, two main categories can be distinguished, according to the ADAC.

On the one hand, there are regional electricity suppliers, which include municipal utilities, for example. These providers focus primarily on their respective regions and offer local customers access to their specific charging stations.

On the other hand, there are national service providers that give customers access to charging stations from various operators throughout Germany, and often internationally as well. Examples of such supra-regional providers are the ADAC e-Charge and BMW Charging.

In addition to these two main categories, Tesla also operates a widespread network of superchargers in Germany. According to TESLAMAG, there were around 165 Tesla Supercharger stations with a total of almost 2,500 charging stations in Germany by the end of July 2023. In addition, data from auto motor sport indicate that there are around 10,000 Tesla charging points at around 900 different locations across Europe and, according to Tesla, the company now operates over 45,000 superchargers worldwide.

Chronological development of Tesla Supercharger prices

In recent years, Tesla supercharger prices in Europe have undergone a remarkable development, with prices for charging on Tesla’s superchargers in October 2020 still being around 33 cents per kilowatt hour (kWh), as reported by auto motor sport. This price represented the standard tariff for many users in Europe. But already in the following year there were noticeable changes. In August 2021, prices increased to a range of 37 to 40 cents per kWh. But that wasn’t the end of price increases for the year. By December 2021, prices had made another leap and were 45 cents per kWh, auto motor sport continued.

The trend continued in the following year. By March 2022, prices continued to climb, reaching 48 cents. But already in April of the same year the prices were between 50 and 52 cents. Prices of 56 to 58 cents were reported in May and another sharp rise took place in September where costs fluctuated between 69 and 71 cents. In October they even reached a high of 74 cents per kWh. However, in November 2022, prices started falling again. Average prices were 55 cents, with peaks of up to 61 cents during peak loading hours, as reported by auto motor sport.

The decline continued in 2023. In May 2023, a significant price drop was registered. Some Tesla Superchargers offered rates of just 38 cents at night. On June 14, 2023, the latest news indicated a further reduction in prices. During the day they were between 41 and 46 cents, at night they fell to at least 36 cents. auto motor sport reported an example of the Supercharger in Rauenberg, which offered prices of up to 40 cents during peak loading times and 35 cents during off-peak times.

Current Tesla Supercharger prices in Germany and Europe

Against the background of these developments, Tesla recently reduced the prices for its superchargers in Europe again. A one-size-fits-all price is difficult to pin down as it varies from site to site. However, it was found that in Germany the additional tariff is now 33 cents per kilowatt hour, as TESLAMAG reports. Thus, despite fluctuations over time, prices have ultimately returned to their 2020 baseline levels.

According to TESLAMAG, supercharger prices vary significantly in Europe. In France, for example, the current price is 0.29 cents per kilowatt hour, while the Netherlands has the lowest price in Europe with a tariff of 0.26 cents per kilowatt hour. If you look at the development from July 27 to August 16, 2023, you can see that prices in Germany fell from 0.38 cents to 0.33 cents. In France they fell from 0.32 cents to 0.29 cents and in the Netherlands from 0.29 cents to 0.26 cents. Finland recorded the largest price drop in this period: Here the price fell from 0.36 cents to a remarkable 0.28 cents per kilowatt hour.

Despite the reductions, there were price increases in some European countries. From July 27 to August 16, 2023, for example, prices in Portugal rose from 0.36 cents to 0.40 cents per kilowatt hour and in Greece from 0.41 cents to 0.44 cents per kilowatt hour, TESLAMAG concludes.

D. Maier / Editor finanzen.net

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