European cities face billion-euro costs due to electric cars. They will have to invest massively in charging stations.

European cities will require nearly €25 billion in investments for electric distribution networks by 2030 to accommodate the rising number of electric vehicles. Intelligent charging management could reduce these costs by about 40%. The study by Siemens highlights that Germany, Norway, Belgium, and the Netherlands will need the highest investments, with Eastern Europe seeing the fastest growth in electric vehicle numbers. The analysis covered 64 cities across the EU, Iceland, Liechtenstein, and Norway, predicting a 3.8-fold increase in electric vehicles by 2030. Smart charging can shift electricity demand to off-peak hours, potentially saving €10.6 billion. The study was commissioned by ChargeUp Europe, ACEA, and EIT Urban Mobility.