EV Discussion thread

1961Nick

silvercar said:

1961Nick said:

It looks like the cost of a small Chinese EV is now below that of a comparable ICEV.

https://centralukvehicleleasing.co.uk/car-leasing/gwm-ora/03/104504/126kw-pureplus-48kwh-5dr-auto?utm_source=mailshot&utm_medium=mailjet&utm_campaign=07e39a99-f20c-4ec2-8194-311c7c52d92c

Decent battery size (48kwH) but poor choice of colour - red, white, black and 3 shades of green.

It's still a golf sized 5 door car for £178 pm with no deposit.

silvercar

1961Nick said:

silvercar said:

1961Nick said:

It looks like the cost of a small Chinese EV is now below that of a comparable ICEV.

https://centralukvehicleleasing.co.uk/car-leasing/gwm-ora/03/104504/126kw-pureplus-48kwh-5dr-auto?utm_source=mailshot&utm_medium=mailjet&utm_campaign=07e39a99-f20c-4ec2-8194-311c7c52d92c

Decent battery size (48kwH) but poor choice of colour - red, white, black and 3 shades of green.

It's still a golf sized 5 door car for £178 pm with no deposit.

Be a lot less hit on the pocket under salary sacrifice! 

Grumpy_chap

silvercar said:

poor choice of colour - red, white, black and 3 shades of green.

Typically, in my experience, buying any car has a poor choice of colour in reality (especially if seeking to be MSE).  Often, the cost-benefit for accepting whatever colour the Dealer has available in stock far outweighs the desirability of the specially selected colour choice you really would like to have.

silvercar

Grumpy_chap said:

silvercar said:

poor choice of colour - red, white, black and 3 shades of green.

Typically, in my experience, buying any car has a poor choice of colour in reality (especially if seeking to be MSE).  Often, the cost-benefit for accepting whatever colour the Dealer has available in stock far outweighs the desirability of the specially selected colour choice you really would like to have.

Generally colours fall into 3 groups: like, accept, unacceptable. Those 3 greens I would put in the latter category.

Veteransaver

1961Nick said:

It looks like the cost of a small Chinese EV is now below that of a comparable ICEV.

https://centralukvehicleleasing.co.uk/car-leasing/gwm-ora/03/104504/126kw-pureplus-48kwh-5dr-auto?utm_source=mailshot&utm_medium=mailjet&utm_campaign=07e39a99-f20c-4ec2-8194-311c7c52d92c

I've seen the deals on these, look great value. I'd say that smashes any equivalent ICE vehicle costs especially if you can mostly charge at home.

Total cost over 2 years is around £4300 for the lease. Outstanding value

I'm considering one just to use to part commute to a zone 6 station as it will pay for itself in lower train fares.

shinytop

1961Nick said:

It looks like the cost of a small Chinese EV is now below that of a comparable ICEV.

https://centralukvehicleleasing.co.uk/car-leasing/gwm-ora/03/104504/126kw-pureplus-48kwh-5dr-auto?utm_source=mailshot&utm_medium=mailjet&utm_campaign=07e39a99-f20c-4ec2-8194-311c7c52d92c

At about £5k for 20,000 miles over 2 years I'd consider one of these.  Even a green one...

michaels

Back in the day we got our leaf for 0 down 130 a month for 2 years...nearly 9 years ago now....

1961Nick

shinytop said:

1961Nick said:

It looks like the cost of a small Chinese EV is now below that of a comparable ICEV.

https://centralukvehicleleasing.co.uk/car-leasing/gwm-ora/03/104504/126kw-pureplus-48kwh-5dr-auto?utm_source=mailshot&utm_medium=mailjet&utm_campaign=07e39a99-f20c-4ec2-8194-311c7c52d92c

At about £5k for 20,000 miles over 2 years I'd consider one of these.  Even a green one...

If you previously had an ICEV & could home charge, you'd save enough on fuel to pay for 50% of the rental.

MeteredOut

Widespread V2G (vehicle to grid) for consumers is a litter bit closer with Octpus's announcement yesterday.

https://octopus.energy/power-pack/

There is still only a small number of EV supported for now, but I believe this technology is going to revolutionise our home electricity supply in the next decade.

JKenH

1961Nick said:

It looks like the cost of a small Chinese EV is now below that of a comparable ICEV.

https://centralukvehicleleasing.co.uk/car-leasing/gwm-ora/03/104504/126kw-pureplus-48kwh-5dr-auto?utm_source=mailshot&utm_medium=mailjet&utm_campaign=07e39a99-f20c-4ec2-8194-311c7c52d92c

Be careful what you wish for. An influx of really cheap Chinese cars will crush the used EV market. 

I have been looking at an EV as a runabout for a while now and have seen the prices of electric Minis drop to around £13k with the cheapest on Auto-Trader at  £11.5k (2021, 36k miles). Not long ago the cheapest I could find was £18k. There are five MG5s available under £12k with the cheapest under £11k. There are MG ZSs available at around £10.5k. (The MG4 is holding up a bit better withe the cheapest, a 72 plate, 9k miles example at just under £18k.)  Car Giant are selling a Vauxhall Corsa-e at £9,698 and Autotrader show that as £924 above the market average. These are not trade in prices, they are garage retail. 

If people see a brand new Ora available on lease for just over £2k a year then why take the risk buying a second hand EV and risk losing more in depreciation.

There is an article in the Telegraph today

For the moment, used EV prices are stabilising again as the bargains available stoke strong demand, says Marc Palmer, head of insights at Auto Trader.

But with competition in the new car market intensifying, there are fears Chinese brands will seek to undercut their European rivals by slashing prices further – causing further ructions for second-hand sellers.

“That is the big question – ‘will the Chinese come in more cheaply?’”, says Palmer.

“We think they could, because they sell their cars more cheaply in China than they do in Europe. So they’ve got the ability to start more aggressive pricing.

“And if new cars become more affordable, then prices of used cars will probably need to come down a bit to make sure they still provide value for consumers.”

That could make more grim reading for existing EV owners, who have already been clobbered in the past year.

Based on figures for December, Auto Trader found that an EV costing £50,000 is currently expected to lose about £24,000 of its value after just three years on the road, significantly more than the typical £17,000 reduction seen with petrol cars.

https://www.telegraph.co.uk/business/2024/02/16/how-crashing-second-hand-market-slammed-brakes-on-evs/