We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

EV cost per mile?

124»

Comments

  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Herzlos said:
    Just remember at some point the government are going to come looking for the £30-£35bn they will be losing from VED, Fuel Duty and VAT.

    So make the most of it just now it won't last.

    What makes you think that'll only apply to EV's? It's not viable to determine if the electricity used in a house is going to a car or not, so the only ways to compensate for the fuel duty loss would be a flat rate on all cars or a per mile rate on all cars. ICE cars will likely take the same hit but still have to pay 4x as much for the fuel.
    It's only ever going to be a per mile rate. The jury is out on whether that would be a flat rate, or linked to a scale based on time of day, in an attempt to reduce congestion at peak hours.
    No free lunch, and no free laptop ;)
  • Herzlos
    Herzlos Posts: 16,305 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    macman said:
    Herzlos said:
    Just remember at some point the government are going to come looking for the £30-£35bn they will be losing from VED, Fuel Duty and VAT.

    So make the most of it just now it won't last.

    What makes you think that'll only apply to EV's? It's not viable to determine if the electricity used in a house is going to a car or not, so the only ways to compensate for the fuel duty loss would be a flat rate on all cars or a per mile rate on all cars. ICE cars will likely take the same hit but still have to pay 4x as much for the fuel.
    It's only ever going to be a per mile rate. The jury is out on whether that would be a flat rate, or linked to a scale based on time of day, in an attempt to reduce congestion at peak hours.

    Per mile rate is going to be a lot harder to calculate reliably - you can use the MOT figure but most can be clocked, or you can use a GPS tracker which will result in huge expense and outrage.

    Or you can just stick a flat annual tax of £1000/vehicle on it and voila, revenue.
  • BOWFER said:

    Banger drivers surely aren't long distance drivers,
    I understand the logic of that, but think there are a fair number of "bangernomics" drivers with a long commute. 

    Up until COVID I was doing 70 mile each way commute in a 2007 145k mile Focus.  When doing that level of commute (30k miles per year) without a company car, the options are either to go for something where depreciation is zilch or go for a high monthly cost (whether lease, PCP or straightforward depreciation).  I accepted maintenance charges of up to £1,200 per year as that was still less than 3 or 4 months of a standard PCP and much lower than a PCP with that sort of mileage allowed for.
    With our previous car, 16 year old diesel, yes it was cheaper to run and tax than our new electric car on a lease. However we like the peace of mind that comes with the all inclusive monthly payment, no unexpected large bills, and no time commitment for us to fix it. So we decided that with the environment benefits along with the fact that it is still affordable, was why we made the switch to electric last year. 
    We'd always run bangers before (and classics , not sure at what age a banger becomes a classic...?) and fully intend to get our Moggy back up and running at some point along with an EV, but might even go with an EV conversion for that 🙂
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.6K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 603K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.