New EV deals - are they nearly used ICE car priced now?

[Emanresu]

These 'targets' really mess up the market so there will be winners and losers. One of the odd effects of the legislation was this Aston Martin. Perhaps the next James Bond will be driving one.

https://en.wikipedia.org/wiki/Toyota_iQ#Aston_Martin_Cygnet

 

[dicko]

The UK motor industry is being consulted over how the phasing-out of new petrol and diesel cars by 2030 will work, the government has announced.
The ban on sales of these vehicles had been extended to 2035 under the previous Conservative government but Labour said it would restore the 2030 deadline in its election manifesto.
Transport Secretary Heidi Alexander is now seeking views from automotive and charging experts to "restore clarity" on how to deliver the ban.
Car industry leaders have warned drivers were not switching to electric vehicles at the rate needed to meet the deadline due to the cost of buying the cars privately and charging point infrastructure.

BBC news today 24 December

 

[vickster]

Lower your expectations, my recent experience was pretty depressing, they’re all about 22 years old and don’t like looking up from their computer screens

My brother is in the market for a pretty high end EV as a company car. He said he got great service from BMW yesterday. Not convinced he liked the car terribly other than the acceleration, an i5 Touring, the tax burden is small and he needs a new car and can't take the cash, he'll likely end up going for one. He won't have to pay insurance or any maintenance so it's a no brainer (he also could do with a new car)!

@Time Waster do check the insurance, future VED etc. I've looked at EV insurance and it's about £800 a year (twice my current), then £1k or more for the charger and £180 VED or more from 2025.

 

[icowden]

Lower your expectations, my recent experience was pretty depressing, they’re all about 22 years old and don’t like looking up from their computer screens

When I went round looking / test driving different brands to choose a company lease car, I found VW to be the friendliest and most willing to explain the car, arrange a test drive etc. Audi by contrast couldn't even identify which EV I wanted to look at and effectively dumped me as soon as they found out there wouldn't be a commission in it for them. Mercedes pointed me at a car but I couldn't get in it really so I gave up with them as well. Skoda were also good but they annoyed me as the only Enyak they had in the showroom was one you couldn't have (limited edition thing). Peugeot were pretty abysmal too.

 

[glasgowcyclist]

Mrs D saves about £350 a month over h wat she was previously paying for DERV.

Is that a typo Mr D?

If that’s only for diesel, it’s roughly 250L/month, which is a huge amount of fuel. That would give my wee Fabia estate a maximum monthly range of 4,000 miles!

 

[CXRAndy]

Some folk drive a lot of miles, we drive around 100miles per day, so swapping to an EV made huge savings. When overnight electric is 7p/kW

Yes the cost savings are fantastic, but the emissions reduction is what made us swap to EVs back in 2015

 

[fossyant]

I hardly drive. Rarely use more that £20 of fuel a month unless we go away. Very tempted changing the Aygo for a Spring within the next year though. Down side is the insurance for young drivers on the Spring. It's double the Aygo currently.

 

[Time Waster]

It doesn't matter much about what you save if you can't find the upfront cost of it or can't/ don't want to go PCP. You have to own the car to get the savings right?

 

[Jameshow]

The UK motor industry is being consulted over how the phasing-out of new petrol and diesel cars by 2030 will work, the government has announced.
The ban on sales of these vehicles had been extended to 2035 under the previous Conservative government but Labour said it would restore the 2030 deadline in its election manifesto.
Transport Secretary Heidi Alexander is now seeking views from automotive and charging experts to "restore clarity" on how to deliver the ban.
Car industry leaders have warned drivers were not switching to electric vehicles at the rate needed to meet the deadline due to the cost of buying the cars privately and charging point infrastructure.

BBC news today 24 December

Sounds like a U turn coming up or at least a recalibration!🤣🤣

 

[Gunk]

I've looked at EV insurance and it's about £800 a year (twice my current)

We swapped our 9 year old Golf GTD for a brand new Cupra Born and the insurance was virtually the same.

 

[Emanresu]

My brother is in the market for a pretty high end EV as a company car. He said he got great service from BMW yesterday. Not convinced he liked the car terribly other than the acceleration, an i5 Touring, the tax burden is small and he needs a new car and can't take the cash, he'll likely end up going for one. He won't have to pay insurance or any maintenance so it's a no brainer (he also could do with a new car)!

@Time Waster do check the insurance, future VED etc. I've looked at EV insurance and it's about £800 a year (twice my current), then £1k or more for the charger and £180 VED or more from 2025.

Mine is a 5 Tourer so I can throw the bike or the dogs in the back - but not at the same time. It seem a ridiculous amount of money for an i5 EV. (£90K?)

 

[vickster]

Mine is a 5 Tourer so I can throw the bike or the dogs in the back - but not at the same time. It seem a ridiculous amount of money for an i5 EV. (£90K?)

About £70k but that's his allowance...as he says he might as well spend it all! He doesn't cycle but he does have a big dog!
Petrol isn't an option because of the tax implications

 

[vickster]

We swapped our 9 year old Golf GTD for a brand new Cupra Born and the insurance was virtually the same.

Dunno why EVs are so much. My 12 year old Fabia VRS is around £400, a Hyundai Kona or Kia Niro about £800 unless I want a black box (ummm no, I've had a driving licence for 30 years ffs) and / or a massive excess.

I just said the OP should check, and that's my experience. It may be that as I don't own the car, I was just having a look, that Meerkat was loading the premium (although looking at the change on my currently policy it was about £250 more for the remaining 5 months or so of my policy which would bring a full year total out to £800-900).

 

[rogerzilla]

The ones with crap range are cheap. If they have crap range when new, they will be utterly unwanted secondhand, as even a 10% drop in range makes them significantly less useful. The MX-30 (WLTP 124 miles) when new is good for about 80 miles in cold weather with motorways; imagine only 72 miles.

Chinese EVs with reasonable range are similarly priced to an equivalent ICE car, but moral considerations stop me buying one; MG in particular is actually owned by the Chinese Communist Party.

A Hyundai Kona EV with the big battery is just under the £40k super-VED limit, for now, and that's a good choice, but I can't justify a £40k car.

 

[icowden]

The ones with crap range are cheap. If they have crap range when new, they will be utterly unwanted secondhand, as even a 10% drop in range makes them significantly less useful. The MX-30 (WLTP 124 miles) when new is good for about 80 miles in cold weather with motorways; imagine only 72 miles.

It's about the same as having 80 miles. It's useful as a runabout. 80 or 72 makes no difference to its usefulness.