German energy group E.ON is preparing for a complete switch to electric cars and the group has carried out a study on the required power network investments. According to this study, which included several scenarios including a 100% market share for electric cars, E.ON's power grids will be ready to allow a greater number of electric vehicles to be recharged and they could even support 100% electric cars by 2045.
The group would have to invest around €2.5bn over the next 25 years, 2/3 of which would be spent on selective construction projects such as local grid station renewals and 1/3 would be invested in the construction of new power lines. E.ON currently invests around €1bn/year in German power grids, including around €250m/year for integrating renewable power generation into the grid.
In 2018, E.ON operated around 350,000 km of power lines in Germany (19% market share) and distributed 107 TWh of electricity in the country.