Electric Cars Now Make Sense for Israeli Drivers, Charging CEO Argues
Yuval Elazar, CEO of Sonol EVI, asserts that there is no longer a valid reason for Israelis to purchase non-electric vehicles, citing widespread charging infrastructure and lower operating costs. Despite a recent dip in the market share of new electric cars to around 12% from a peak of 25% in 2024, Elazar believes the Israeli market is reaching maturity. He highlights the availability of over 10,000 AC sockets and 3,300 fast DC charging stations nationwide, sufficient for long-distance travel.
Elazar dismisses concerns about range anxiety, noting that current electric vehicles offer 400-500 kilometers of real-world range, far exceeding the average daily commute of 80-100 kilometers. He also emphasizes significant cost savings, estimating a 40% reduction in maintenance expenses and substantial energy cost savings, potentially amounting to 10,000 shekels annually for drivers covering 2,000 kilometers per month. He also points to attractive deals in both new and used markets, as well as tax benefits for company car leases.
Regarding charging technology, Elazar explains that while high-power chargers are being marketed, the average vehicle's battery management system limits charging speeds. He notes that average fast charging takes 30-35 minutes, but many drivers opt for shorter "boost" charges. Sonol EVI operates over 2,000 charging stations, including around 300 fast DC chargers, and is expanding its network. The company has also introduced a new appointment system for workplace charging stations to improve efficiency.
Elazar also addressed the rise of plug-in hybrid vehicles (PHEVs), calling them a problematic compromise as drivers often revert to gasoline. He believes fully electric vehicles offer better long-term economy. Looking ahead, he urges the next government to avoid imposing new taxes, such as a mileage tax or increased purchase tax, and to allow the market to grow, predicting a return to 16-17% market share for electric cars within the next year.
