Switch from ICE to EV

born_again

https://forums.moneysavingexpert.com/discussion/comment/81926489#Comment_81926489

Already doing it when/if the said 3ppm comes in, in 2027… Announced in 2025 Autumn satement

Still 5ppm beats my last car's 12ppm

Mind you increasing fuel duty should help cover the losses as well 🤷‍♀️

Arunmor

https://forums.moneysavingexpert.com/discussion/comment/81927771#Comment_81927771

3p a mile is just the first salvo, it will need to be a lot higher than that to recoup lost fuel duty.

WellKnownSid

https://forums.moneysavingexpert.com/discussion/comment/81928003#Comment_81928003

It will need to go to 6p per mile.

On the other hand our charging bill is about to drop to 4.99/kWh so 1.25p per mile so it would still be under half what we were paying for our diesel.

By the time even the 3p per mile charge kicks in our EV will have paid for itself entirely, so it's well worth the money if it stops old fossils complaining about EVs…

Effician

I think there is a lot more to play out in the ICE vs EV debate, so for the time being i'll sit on my £20k car fund ( as i have done for the last 2 yrs) & take the interest to cover the fuel/tax & ins on the 3k miles/yr £1400 2014 passat diesel estate.

Enjoying very low TCO ( total cost of ownership) for the last 2 yrs while i watch the EV's i was interested in depreciate nicely, will go EV at some point as opposed to a newish ICE but only when it makes financial sense.

facade

https://forums.moneysavingexpert.com/discussion/comment/81926489#Comment_81926489

It is already on the way. You can have you say here https://www.gov.uk/government/consultations/consultation-on-the-introduction-of-electric-vehicle-excise-duty-eved

However, simply declaring that "it isn't fair" won't work.

The only way to "win" is to get one now before the taxes start to kick in, the same as saving with a water meter and a smart meter. (The "cheap" rates will disappear as soon as enough people switch that they can simply set the unit price across the board by dividing what they want to make by the total amount used)

Nobbie1967

There will be a good secondhand market for ICE cars for many years to come. How old is your current one? At 5000 a year fuel costs aren’t that high whichever fuel you use, but the killer will be depreciation and interest charges if you buy a newer car. Buy a £20k EV and you’re going to lose a lot over the next few years. Keeping your current car is likely to be the most MSE thing.

Mildly_Miffed

Remember, fuel duty inc VAT is currently about 6.5p/mile at 45mpg, with the potential imminent removal of the 0.6p/mile Ukraine rebate. It's been fixed at that rate for a decade and a half.

If there isn't a replacement for that, the gap in government finances arising has to be filled from either further reductions of already cash-starved public services, or tax rises elsewhere.

This country often forgets that tax is the price of living in a civilised society.

Ectophile

https://forums.moneysavingexpert.com/discussion/comment/81927341#Comment_81927341

I look at it another way. If I charge my EV at home to 100% on cheap rate electricity, then that's the first 200 miles of my journey really cheap.

Public rapid chargers are over-priced, but that are not that much more expensive than petrol or diesel once you allow for how efficient a pure EV can be. So I put up with the extra cost on those rare events that I need a public charger.

born_again

https://forums.moneysavingexpert.com/discussion/comment/81930841#Comment_81930841

To echo the above last 2 holidays.

1st no charging at cottage, EV cost 2p more per mile than previous Hybrid at same location & miles. All charging was done while enjoying a stop for meal or coffee.

2nd year (same location) charger at cottage 2p saving with EV over Hybrid. Payed owner more than they were asking to charge, as we have stayed many times & they have always been good to us.

GDB2222

We replaced our very old car with a new EV which is quiet and has lots of the modern technology. That meant we were able to do a 10 hour drive in one day, rather than breaking it into two days as originally planned. That saved £100+ hotel bill, which dwarfs the difference in fuel costs.

This was my first long trip in the new car, and I did find the extra planning for charging was quite frustrating. For example, we stopped at a service station on the M4 and there were no fast chargers. The service station on the other side of the motorway has about 40.