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Are EV cars worth it?

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  • Jenni_D
    Jenni_D Posts: 5,433 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    And if you compare it with an ID3 then spec-for-spec you're saving £10k or so :) 
    Jenni x
  • If the Mg5 looked like the Mg4 I would be knocking on the dealer door.
    One thing that does not help is the nearest dealer to me has just shut down.
    Now is a 50 mile round trip to the dealer.
    I would still get one though.
  • Skoda Enyaq 82KW, usable 80KW range about 240 miles.  So 80KWh to travel 240 miles

    Electricity from October 52p/KWh

    To travel 240 miles:- 80 * 0.52 = £41.60 

    Petrol Kodiak = £51
    Diesel Kodiak = £46  

    With no government interference and assuming 60p/KWh the journey will cost £48.

    All very well saying you can do this and that by switching to Octopus but not really an option at the moment for most people.

    Factor in the price difference in the ICE and the EV and it is even less compelling at the moment.

     


  • Indout96
    Indout96 Posts: 2,393 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Jenni_D said:
    And if you compare it with an ID3 then spec-for-spec you're saving £10k or so :) 
    And it looks better, will need to see one in "real life" but that looks really good, hopefully in a few years we will get them on the 2nd hand market at realistic prices. I changed car last year and budget was £16k max cash (I don't do credit) 
    It always amazes me that the business user has been subsidised so highly in order to get 2nd hand EVs into the market in a few years but going on where I work they have - Audi RS E-tron GT (£110k +) Jag E-pace400 (£67k +) BMW I4 (£52k +) when these come on the market in 2/3 years time they will still be nowhere near "normal" price - Autotrader has the average 2nd hand price now at £17,400 up 32.2% from 2021 due to the lack of cars on the market.
    What we need is small / medium family EVs coming on stream, things like a C1 / Yaris / Focus that will be in the "normal" price range in 3 years.

    Totally Debt Free & Mortgage Free Semi retired and happy
  • Herzlos
    Herzlos Posts: 15,913 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Skoda Enyaq 82KW, usable 80KW range about 240 miles.  So 80KWh to travel 240 miles

    Electricity from October 52p/KWh

    To travel 240 miles:- 80 * 0.52 = £41.60 

    Petrol Kodiak = £51
    Diesel Kodiak = £46  

    With no government interference and assuming 60p/KWh the journey will cost £48.

    All very well saying you can do this and that by switching to Octopus but not really an option at the moment for most people.

    Factor in the price difference in the ICE and the EV and it is even less compelling at the moment.

     


    Of course you're assuming that petrol or diesel prices won't go up with the energy prices. Most people can still get access to cheaper EV charging tariffs but maybe nothing as good as 7.5p/kwh.

    But yeah, if electricity prices go up faster than liquid fuel then EV's won't be as appealing on a per mile basis. They'll still have the advantage in performance, maintenance and stuff like congestion charging and LEZ's.
  • Jenni_D
    Jenni_D Posts: 5,433 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    The MG4 is Astra/Focus size as far as I know. :) 
    Jenni x
  • Herzlos said:
    Skoda Enyaq 82KW, usable 80KW range about 240 miles.  So 80KWh to travel 240 miles

    Electricity from October 52p/KWh

    To travel 240 miles:- 80 * 0.52 = £41.60 

    Petrol Kodiak = £51
    Diesel Kodiak = £46  

    With no government interference and assuming 60p/KWh the journey will cost £48.

    All very well saying you can do this and that by switching to Octopus but not really an option at the moment for most people.

    Factor in the price difference in the ICE and the EV and it is even less compelling at the moment.

     


    Of course you're assuming that petrol or diesel prices won't go up with the energy prices. Most people can still get access to cheaper EV charging tariffs but maybe nothing as good as 7.5p/kwh.

    But yeah, if electricity prices go up faster than liquid fuel then EV's won't be as appealing on a per mile basis. They'll still have the advantage in performance, maintenance and stuff like congestion charging and LEZ's.
    Aye but remember at some point they will pay VED and/or some form of replacement "Fuel Duty"..  Granted, we probably won't get hit with that until 2030 and beyond.

    My overall point being, you do really have to think twice before buying one (do all the sums very carefully), as a company car purchase EV will probably still save you money personally.
  • Petriix
    Petriix Posts: 2,297 Forumite
    Ninth Anniversary 1,000 Posts Photogenic Name Dropper
    Herzlos said:
    Skoda Enyaq 82KW, usable 80KW range about 240 miles.  So 80KWh to travel 240 miles

    Electricity from October 52p/KWh

    To travel 240 miles:- 80 * 0.52 = £41.60 

    Petrol Kodiak = £51
    Diesel Kodiak = £46  

    With no government interference and assuming 60p/KWh the journey will cost £48.

    All very well saying you can do this and that by switching to Octopus but not really an option at the moment for most people.

    Factor in the price difference in the ICE and the EV and it is even less compelling at the moment.

     


    Of course you're assuming that petrol or diesel prices won't go up with the energy prices. Most people can still get access to cheaper EV charging tariffs but maybe nothing as good as 7.5p/kwh.

    But yeah, if electricity prices go up faster than liquid fuel then EV's won't be as appealing on a per mile basis. They'll still have the advantage in performance, maintenance and stuff like congestion charging and LEZ's.
    Aye but remember at some point they will pay VED and/or some form of replacement "Fuel Duty"..  Granted, we probably won't get hit with that until 2030 and beyond.

    My overall point being, you do really have to think twice before buying one (do all the sums very carefully), as a company car purchase EV will probably still save you money personally.
    Surely you should always carefully calculate the overall cost before making any big purchase?
    Or do people just go out and spend £40k on a car without thinking about the total cost of ownership?
  • Herzlos
    Herzlos Posts: 15,913 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Herzlos said:
    Skoda Enyaq 82KW, usable 80KW range about 240 miles.  So 80KWh to travel 240 miles

    Electricity from October 52p/KWh

    To travel 240 miles:- 80 * 0.52 = £41.60 

    Petrol Kodiak = £51
    Diesel Kodiak = £46  

    With no government interference and assuming 60p/KWh the journey will cost £48.

    All very well saying you can do this and that by switching to Octopus but not really an option at the moment for most people.

    Factor in the price difference in the ICE and the EV and it is even less compelling at the moment.

     


    Of course you're assuming that petrol or diesel prices won't go up with the energy prices. Most people can still get access to cheaper EV charging tariffs but maybe nothing as good as 7.5p/kwh.

    But yeah, if electricity prices go up faster than liquid fuel then EV's won't be as appealing on a per mile basis. They'll still have the advantage in performance, maintenance and stuff like congestion charging and LEZ's.
    Aye but remember at some point they will pay VED and/or some form of replacement "Fuel Duty"..  Granted, we probably won't get hit with that until 2030 and beyond.

    My overall point being, you do really have to think twice before buying one (do all the sums very carefully), as a company car purchase EV will probably still save you money personally.

    I can't see there being a point where an  EV will pay as much or more VED than an ICE car, though.
  • Herzlos said:

    I can't see there being a point where an  EV will pay as much or more VED than an ICE car, though.
    They will need to collect the equivalent money from somewhere and the motorist is an easy target, how they do that in practice will be interesting.
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