EV Discussion thread

MeteredOut

My wife uses the "park on my drive" scheme a lot and is always raving about it. There is already an equivalent app for EV chargers, but when I checked a month or so back (just out of interest, I have no need for it), it had little traction locally to me.

JKenH

Hertz Starts Dumping Its Fleet of EVs and Turns Toward ICE Vehicles, but Cathie Wood Doesn’t Think Tesla Is on the Chopping Block

Today, in a fresh filing with the SEC, Hertz announced that it would sell around one-third of its total EV fleet corresponding to 20,000 EVs, while absorbing $245 million in related costs. In what stands out as a striking reversal, the car rental company now intends to invest a portion of the sale proceeds into the purchase of ICE vehicles. While expanding on the rationale behind these moves, Hertz noted:

“This will position the company to eliminate a disproportionate number of lower margin rentals and reduce damage expense associated with EVs."

According to the company, these policy changes will generate free cash flow of between $250 million and $350 million over the course of 2024 and 2025. Bear in mind that Hertz has been struggling with the high collision and damage costs of EVs as well as their accelerated depreciation.

So, will this move affect Tesla in a dramatic fashion? ARK Invest's Cathie Wood doesn't think so. According to the flamboyant asset manager, Hertz is likely to axe the non-Tesla portion of its EV fleet first. Of course, given the fact that Teslas account for around 50 percent of Hertz's EV fleet, some impact is inevitable.

https://wccftech.com/hertz-starts-dumping-its-fleet-of-evs-and-turns-toward-ice-vehicles-but-cathie-wood-doesnt-think-tesla-is-on-the-chopping-block/

Edit: It doesn’t look like Cathie Wood has been on Hertz’s cars for sale website today. 

https://www.hertzcarsales.com/used-electric-vehicles.htm

Grumpy_chap

MeteredOut said:

My wife uses the "park on my drive" scheme a lot and is always raving about it.

Does she use it as a place to park or as a provider of parking?

JKenH

Huge growth in salary sacrifice | Half of company cars pure electric

The BVRLA report also reveals how electric vehicles (EVs) are dominating business contract hire (BCH) orders.

More than three-quarters (79%) of new business contract hire cars that joined the BVRLA fleet in Q3 2023 are capable of driving in zero emission mode.

Battery electric vehicles (BEVs) dominated the BCH market in the three months from July to September, accounting for 47% of deliveries, followed by plug-in hybrids with 25% and hybrid cars with 7%.

Petrol and diesel power represented just 15% and 4% of new BCH additions respectively.

However, the BVRLA figures also highlight the disparity between the popularity of EVs with company car drivers and the slow uptake among private motorists.

Battery electric penetration of new personal contract hire agreements was only 15% in Q3, three times lower than BCH, in a sector where petrol remains the driving force (62%). Stimulating demand for BEVs in the retail sector, especially secondhand cars, is a major priority for leasing companies amid widespread residual value concerns, says the BVRLA.

https://www.fleetnews.co.uk/news/huge-growth-in-salary-sacrifice-half-of-company-cars-pure-electric

MeteredOut

Grumpy_chap said:

MeteredOut said:

My wife uses the "park on my drive" scheme a lot and is always raving about it.

Does she use it as a place to park or as a provider of parking?

She uses it to park, eg, when she goes to an event and where local parking costs are horrendous Although, she's not used it since we got our EV a couple of months ago.

JKenH

Grumpy_chap said:

Martyn1981 said:

*Not suggesting we all park at CW's, one hell of a detour for 99.99%+ of most people's trips . But now I'm wondering if folk living near Wimbledon, or Wembley Stadium etc, are party to the scheme?  

I am not sure about the "use my charger" schemes, but I live near to a major sport stadium and once considered the "park on my drive" type schemes as a way to make a little bit of pocket money.  The scheme I looked at would not register you unless you provided evidence of business insurance to cover the risk of a driver crashing into the house or damage being caused to the vehicle while parked.  Then the scheme would charge 40% of the total as a fee to cover their part of the service, the website, money collection etc.  Then the scheme said they would report annually to HMRC so that earnings were properly declared.  It was all too much bother frankly.

There is an MSE forum thread on renting out your electric charger

https://forums.moneysavingexpert.com/discussion/6336224/renting-out-a-home-charging-point/p2

But would you want the hassle? How much do you charge and how do you calculate the kWh used? My Zappi shows the amount of electricity delivered to the car but what if the Zappi shows 30kWh delivered and your “customer” says the car only shows 25kWh added? What if the customer unplugs and restarts the charge without you realising? What if you are on a flexible tariff like Agile and the wind isn’t blowing that day? I can think of numerous other practical issues. 

Renting out your charger is a great idea until you think it through. 

Edit: I have deleted my comments about insurance 

Grumpy_chap

JKenH said:

Grumpy_chap said:

Martyn1981 said:

*Not suggesting we all park at CW's, one hell of a detour for 99.99%+ of most people's trips . But now I'm wondering if folk living near Wimbledon, or Wembley Stadium etc, are party to the scheme?  

I am not sure about the "use my charger" schemes, but I live near to a major sport stadium and once considered the "park on my drive" type schemes as a way to make a little bit of pocket money.  The scheme I looked at would not register you unless you provided evidence of business insurance to cover the risk of a driver crashing into the house or damage being caused to the vehicle while parked.  Then the scheme would charge 40% of the total as a fee to cover their part of the service, the website, money collection etc.  Then the scheme said they would report annually to HMRC so that earnings were properly declared.  It was all too much bother frankly.

There is an MSE forum thread on renting out your electric charger

https://forums.moneysavingexpert.com/discussion/6336224/renting-out-a-home-charging-point/p2

But would you want the hassle? 

Indeed.
I wouldn't want the hassle of "park on my drive" and the "use my charger" only has far more complexity.
Plus, standard rules prohibit making a profit from the reselling of electricity.  I know there are exemptions for commercial charge points but I am not entirely sure those exemptions apply to a charge point at a domestic site.
Maybe the scheme work on reselling the electricity at cost but charging extra for the parking space?

Krakkkers

So what happens if you sell your solar leccy back to an energy company and it is above the standard rate at that time?

QrizB

Krakkkers said:

So what happens if you sell your solar leccy back to an energy company and it is above the standard rate at that time?

You're not reselling electricity.
You can sell electricity that you generate yourself for whatever price you can negotiate.

silvercar

Grumpy_chap said:

Martyn1981 said:

*Not suggesting we all park at CW's, one hell of a detour for 99.99%+ of most people's trips . But now I'm wondering if folk living near Wimbledon, or Wembley Stadium etc, are party to the scheme?  

I am not sure about the "use my charger" schemes, but I live near to a major sport stadium and once considered the "park on my drive" type schemes as a way to make a little bit of pocket money.  The scheme I looked at would not register you unless you provided evidence of business insurance to cover the risk of a driver crashing into the house or damage being caused to the vehicle while parked.  Then the scheme would charge 40% of the total as a fee to cover their part of the service, the website, money collection etc.  Then the scheme said they would report annually to HMRC so that earnings were properly declared.  It was all too much bother frankly.

You probably only need a sign on your driveway that parking is available and wait for people to knock at your door.