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How do ordinary people make the switch to electric vehicles ?

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  • Sea_Shell
    Sea_Shell Posts: 10,031 Forumite
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    How are government* going to get their "pound of flesh" from us if their source of fuel duty dries up?

    I can't believe they'll just let it go and not find a new way to claw back the lost tax revenue.

    Theories?


    *Of any colour
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • shinytop
    shinytop Posts: 2,166 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Sea_Shell said:
    How are government* going to get their "pound of flesh" from us if their source of fuel duty dries up?

    I can't believe they'll just let it go and not find a new way to claw back the lost tax revenue.

    Theories?


    *Of any colour
    Either road pricing, or a tax on electricity used to charge EVs.  Remember, these EVs are very clever; they can update software/specs remotely and even (apparently) drive themselves.  They will have no trouble collecting a DD for miles travelled or electricity used.  One thing is for sure; the total tax take from motoring will not reduce in the medium to long term.
  • Grumpy_chap
    Grumpy_chap Posts: 18,326 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Sea_Shell said:
    How are government* going to get their "pound of flesh" from us if their source of fuel duty dries up?

    I can't believe they'll just let it go and not find a new way to claw back the lost tax revenue.

    Theories?


    *Of any colour
    Honest John reckons EV drivers will need to pay £37 billion in tax (not each hopefully)
    https://www.honestjohn.co.uk/news/driving-1/2021-10/autumn-budget-2021-chancellor-fails-to-address-electric-vehicle-road-tax/?utm_medium=email&utm_campaign=Newsletter 28 Sept 2021&utm_content=Newsletter 28 Sept 2021+Version+A+CID_d09c67b9a21ab36119314cbab87dd51b&utm_source=campaign monitor&utm_term=Read more
  • Sea_Shell
    Sea_Shell Posts: 10,031 Forumite
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    So in other words, they're cheap to run...at the moment!!!😉


    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • Marvel1
    Marvel1 Posts: 7,447 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    When vehicle tax rates were £20, £30 for low emission vehicles, that soon changed and new vehicles are now a flat rate for petrol/diesel £155 (under £40K).
  • Grumpy_chap
    Grumpy_chap Posts: 18,326 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Sea_Shell said:
    So in other words, they're cheap to run...at the moment!!!😉


    An EV would still be cheaper to run than ICE if VED was scrapped and replaced with road pricing.  The ICE would still need to pay the road pricing.

    The assumption in that is electric costs remaining lower than petrol costs.
  • Sea_Shell
    Sea_Shell Posts: 10,031 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    Sea_Shell said:
    So in other words, they're cheap to run...at the moment!!!😉


    An EV would still be cheaper to run than ICE if VED was scrapped and replaced with road pricing.  The ICE would still need to pay the road pricing.

    The assumption in that is electric costs remaining lower than petrol costs.

    But who knows what the price per mile will be? ! 😉
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • Herzlos
    Herzlos Posts: 15,917 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Sea_Shell said:
    Sea_Shell said:
    So in other words, they're cheap to run...at the moment!!!😉


    An EV would still be cheaper to run than ICE if VED was scrapped and replaced with road pricing.  The ICE would still need to pay the road pricing.

    The assumption in that is electric costs remaining lower than petrol costs.

    But who knows what the price per mile will be? ! 😉
    Even if the per mile cost is the same for both, the EV will still be cheaper to fuel. Not by much if the duty was removed for petrol/diesel (hah!)
  • motorguy
    motorguy Posts: 22,611 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    motorguy said:
    I didnt say your narrative, i said the narrative.  Because its whats trotted out on forum groups about new car buyers - how they're only concerned with "the monthlies".  So then its an easy comparison of two payments that doesnt require a mathematics degree.

    And sorry, but you cant dismiss PCP or leasing as "only marketing smoke and mirrors" because its the way 99% of new cars are bought.

    I am not sure the prevalence of PCP is as high as 99%, but it is certainly a significant proportion / almost certainly a majority of private purchases.

    And that is the proof absolute of the marketing genius that PCP is for the car manufacturers as they want customers to simply compare the monthlies with the full costs obscure.  To actually understand does require some maths which people either don't want to do or are unable to do.  Using your example linked of the Corsa ICE vs EV:

    ICE = £239 / month
    EV = £265 / month
    Difference "only £26" is actually 10%

    Over the PCP term, the difference grows:
    ICE = £14k
    EV = £17k
    Difference £3k is 21%

    If the car is then purchased at the end of the agreement:
    ICE = £21k
    EV = £29k
    Difference £8k = 40%

    BUT, you also posted higher up the thread that the ICE Corsa (petrol) was available at £16.5k and the EV at £23k.  So, both of these PCP plans have delivered a low-value total cost of acquisition.  

    However NONE of your figures factor in fuel costs.  

    My original proposition was that an electric car was quite an easy sell, as for an ICE car its monthly payment + fuel which is not hard to prove is greater than the EV monthly payment.  (even if you allow just £30 a week fuel, its £130 a month x 47 months = £6,110.

    And frankly very few people buy the car at the end of the term, they moreoften just rinse and repeat.

    Thank you.

    I'm here all week :)
  • motorguy
    motorguy Posts: 22,611 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    That recent experience is fairly typical of every experience dealing with car dealers.  They are a very substandard batch of individuals so far as I can ascertain.  The biggest thing the sales personnel always fail to grasp is that any car costing more than about £1k is a discretionary purchase so I've got to be made to feel valued.
    I've dealt with some very good salesmen, and i've dealt with several bad ones.  My wife bought a year old 370Z GT some years back off a guy in a used car supermarket, and we genuinely bought it in spite of him, not with the aid of.  Totally sexist, totally the wrong approach to the sale.  She had to stop him and tell him to adjust his atitude towards her.  In fairness he did, but he was still a total knob.  

    BUT we got a car at a cracking price (probably £4K below what other dealers were asking), we never had to go near him again as it was under Nissan warranty and servicing anyway, and we sold it for £18,000 2.5 years later.

    Moral of the story?  If we'd flounced out we'd have missed out on a fantastic car at a fantastic price.

    When we were buying our last car (which ended up being a BMW) we called in to the Merc dealer first to see what they had.  It was the guy we'd bought off previously and he either totally didnt read the "we're looking to buy a car today" vibe or didnt care or knew he'd nothing he could sell us, but he did the whole general chat and the "sure have a wee think and let me know if theres anything you want a test drive in" so we went literally across the road and bought a BMW.  We did arrive unannounced and maybe he had a customer waiting.  I doubt he cares he didnt get / try for a sale, but then neither do we.

    Most have been pretty decent though.  If they're doing something wrong or showing me the wrong car or going down a rabbit hole i'll tell them and we generally get past it.


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