Wheres the incentive?
Discussion
Seen this morning that Instavolt and BP pulse have put their charges up (75p & 65p).home tarriff 33.73 at the moment.
Just changing my wifes car - was undecided on Mini EV or Mini petrol 1.5 - looks like the decision will be petrol then!!
£5000 more for EV - 8000 miles pa - keeping 3 years - just cant see an incentive!!!!
Just changing my wifes car - was undecided on Mini EV or Mini petrol 1.5 - looks like the decision will be petrol then!!
£5000 more for EV - 8000 miles pa - keeping 3 years - just cant see an incentive!!!!
NS66 said:
Seen this morning that Instavolt and BP pulse have put their charges up (75p & 65p).home tarriff 33.73 at the moment.
Just changing my wifes car - was undecided on Mini EV or Mini petrol 1.5 - looks like the decision will be petrol then!!
£5000 more for EV - 8000 miles pa - keeping 3 years - just cant see an incentive!!!!
Lower BIK if that matters (company car)Just changing my wifes car - was undecided on Mini EV or Mini petrol 1.5 - looks like the decision will be petrol then!!
£5000 more for EV - 8000 miles pa - keeping 3 years - just cant see an incentive!!!!
Lower VED (for now)
Not paying the £0.65/0.6p75 you refer to if you can change from home
The convenience of having a fully “fuelled” car every morning if you can charge at home
Lower servicing costs
A nicer, quieter, smoother drive if that’s what you want?
“Because”
A whole host of things. Could spin that around and say what’s the appeal of a Mini over a Dacia, Corsa, Fiesta etc?
You have to compare like 4 like. The MINI E should be compared against the Cooper S, not the 1.5.
The cost gap is quite small when you compare spec for spec. Add in running costs, and it's a no-brainer if you can charge from home and don't need the range.
We've had ours for 9 months and it's only ever been charged at home on Octopus Go. Was 5p/kW, now 7.5p/kW.
The cost gap is quite small when you compare spec for spec. Add in running costs, and it's a no-brainer if you can charge from home and don't need the range.
We've had ours for 9 months and it's only ever been charged at home on Octopus Go. Was 5p/kW, now 7.5p/kW.
As above, even for a private purchase where the BIK benefits doen't apply.
- Compare apples to apples model/spec wise or accept you're getting more car for your money with the EV and factor that in.
- Consider the per mile cost of an EV tariff rather than standard
- Consider the redution in servicing costs
- Consider the difference in depreciation
You need to come up with the TCO of each vehicle for your expected period of running the car, just comparing high priced electicity and the purchase price of the vehicle is only giving you half of the picture.
It'll also be a far nicer car to drive, which has to count for somthing?
- Compare apples to apples model/spec wise or accept you're getting more car for your money with the EV and factor that in.
- Consider the per mile cost of an EV tariff rather than standard
- Consider the redution in servicing costs
- Consider the difference in depreciation
You need to come up with the TCO of each vehicle for your expected period of running the car, just comparing high priced electicity and the purchase price of the vehicle is only giving you half of the picture.
It'll also be a far nicer car to drive, which has to count for somthing?
Edited by SWoll on Tuesday 8th November 10:55
SWoll said:
As above, even for a private purchase where the BIK benefits doen't apply.
- Compare apples to apples model/spec wise or accept you're getting more car for your money with the EV and factor that in.
- Consider the per mile cost of an EV tariff rather than standard
- Consider the redution in servicing costs
- Consider the difference in depreciation
You need to come up with the TCO of each vehicle for your expected period of running the car, just comparing high priced electicity and the purchase price of the vehicle is only giving you half of the picture.
Why does an EV depreciate less than ICE cars? - Compare apples to apples model/spec wise or accept you're getting more car for your money with the EV and factor that in.
- Consider the per mile cost of an EV tariff rather than standard
- Consider the redution in servicing costs
- Consider the difference in depreciation
You need to come up with the TCO of each vehicle for your expected period of running the car, just comparing high priced electicity and the purchase price of the vehicle is only giving you half of the picture.
Jimbo. said:
Lower BIK if that matters (company car)
Lower VED (for now)
Not paying the £0.65/0.6p75 you refer to if you can change from home
The convenience of having a fully “fuelled” car every morning if you can charge at home
Lower servicing costs
A nicer, quieter, smoother drive if that’s what you want?
“Because”
A whole host of things. Could spin that around and say what’s the appeal of a Mini over a Dacia, Corsa, Fiesta etc?
Private car so no BIK - I enjoy the EV BIK on my company car :-)Lower VED (for now)
Not paying the £0.65/0.6p75 you refer to if you can change from home
The convenience of having a fully “fuelled” car every morning if you can charge at home
Lower servicing costs
A nicer, quieter, smoother drive if that’s what you want?
“Because”
A whole host of things. Could spin that around and say what’s the appeal of a Mini over a Dacia, Corsa, Fiesta etc?
We migrated to Octopus but currently on 33.7p - no solar panels either.
To me the incentive is just not large enough to make the leap - its was a no brainer on my company car plus can charge at the office with subsidized rates.
With the removal of the grants and the increase in electric costs plus going into the unknown - is EV the future? just not there for me yet.
fourstardan said:
SWoll said:
As above, even for a private purchase where the BIK benefits doen't apply.
- Compare apples to apples model/spec wise or accept you're getting more car for your money with the EV and factor that in.
- Consider the per mile cost of an EV tariff rather than standard
- Consider the redution in servicing costs
- Consider the difference in depreciation
You need to come up with the TCO of each vehicle for your expected period of running the car, just comparing high priced electicity and the purchase price of the vehicle is only giving you half of the picture.
Why does an EV depreciate less than ICE cars? - Compare apples to apples model/spec wise or accept you're getting more car for your money with the EV and factor that in.
- Consider the per mile cost of an EV tariff rather than standard
- Consider the redution in servicing costs
- Consider the difference in depreciation
You need to come up with the TCO of each vehicle for your expected period of running the car, just comparing high priced electicity and the purchase price of the vehicle is only giving you half of the picture.
NS66 said:
Seen this morning that Instavolt and BP pulse have put their charges up (75p & 65p).home tarriff 33.73 at the moment.
Just changing my wifes car - was undecided on Mini EV or Mini petrol 1.5 - looks like the decision will be petrol then!!
£5000 more for EV - 8000 miles pa - keeping 3 years - just cant see an incentive!!!!
Compared to 2015, you could walk into a Nissan dealer and walk out with a brand new Leaf paying £0 deposit, <£200/month payments (£190 I seem to remeber??), free charging at Nissan dealers, free charging on the very patchy Ecotricity chargers, and the government paid for a charger to be installed at your house, I was even in a scheme where I WAS PAID to charge the car to understand how EV owners charging would effect the local grid. Just changing my wifes car - was undecided on Mini EV or Mini petrol 1.5 - looks like the decision will be petrol then!!
£5000 more for EV - 8000 miles pa - keeping 3 years - just cant see an incentive!!!!
E7 electricity at time I seem to remember was 7p/kWh without any fancy smart meter stuff, with day time rates only 1-2p kWh more expensive than normal.
Tesla at the time were giving away toy ride in kids cars, wheels, powerwalls, even whole cars as part of their referral program.
2015 wasn't that a long time ago!
NS66 said:
Private car so no BIK - I enjoy the EV BIK on my company car :-)
We migrated to Octopus but currently on 33.7p - no solar panels either.
To me the incentive is just not large enough to make the leap - its was a no brainer on my company car plus can charge at the office with subsidized rates.
With the removal of the grants and the increase in electric costs plus going into the unknown - is EV the future? just not there for me yet.
33.7p is you peak rate I assume, what's your off peak when you'll actually be charging even without switching to an EV tariff?We migrated to Octopus but currently on 33.7p - no solar panels either.
To me the incentive is just not large enough to make the leap - its was a no brainer on my company car plus can charge at the office with subsidized rates.
With the removal of the grants and the increase in electric costs plus going into the unknown - is EV the future? just not there for me yet.
Have you considered depreciation in your calculations?
Have you considered servicing costs?
It's more complicated than you suggest, you need to work out the complete TCO of each car over 3 years and 24k miles before you can conclude anything.
NS66 said:
Seen this morning that Instavolt and BP pulse have put their charges up (75p & 65p).home tarriff 33.73 at the moment.
Just changing my wifes car - was undecided on Mini EV or Mini petrol 1.5 - looks like the decision will be petrol then!!
£5000 more for EV - 8000 miles pa - keeping 3 years - just cant see an incentive!!!!
BMW gave me discounted charging for the first 12 months with my iX. Just changing my wifes car - was undecided on Mini EV or Mini petrol 1.5 - looks like the decision will be petrol then!!
£5000 more for EV - 8000 miles pa - keeping 3 years - just cant see an incentive!!!!
I'm paying 45p to use BP rapid chargers and 26p to use Ionity chargers.
How about reducing emissions from your car usage as an incentive?
SWoll said:
NS66 said:
Private car so no BIK - I enjoy the EV BIK on my company car :-)
We migrated to Octopus but currently on 33.7p - no solar panels either.
To me the incentive is just not large enough to make the leap - its was a no brainer on my company car plus can charge at the office with subsidized rates.
With the removal of the grants and the increase in electric costs plus going into the unknown - is EV the future? just not there for me yet.
33.7p is you peak rate I assume, what's your off peak when you'll actually be charging even without switching to an EV tariff?We migrated to Octopus but currently on 33.7p - no solar panels either.
To me the incentive is just not large enough to make the leap - its was a no brainer on my company car plus can charge at the office with subsidized rates.
With the removal of the grants and the increase in electric costs plus going into the unknown - is EV the future? just not there for me yet.
Have you considered depreciation in your calculations?
Have you considered servicing costs?
It's more complicated than you suggest, you need to work out the complete TCO of each car over 3 years and 24k miles before you can conclude anything.
NS66 said:
SWoll said:
NS66 said:
Private car so no BIK - I enjoy the EV BIK on my company car :-)
We migrated to Octopus but currently on 33.7p - no solar panels either.
To me the incentive is just not large enough to make the leap - its was a no brainer on my company car plus can charge at the office with subsidized rates.
With the removal of the grants and the increase in electric costs plus going into the unknown - is EV the future? just not there for me yet.
33.7p is you peak rate I assume, what's your off peak when you'll actually be charging even without switching to an EV tariff?We migrated to Octopus but currently on 33.7p - no solar panels either.
To me the incentive is just not large enough to make the leap - its was a no brainer on my company car plus can charge at the office with subsidized rates.
With the removal of the grants and the increase in electric costs plus going into the unknown - is EV the future? just not there for me yet.
Have you considered depreciation in your calculations?
Have you considered servicing costs?
It's more complicated than you suggest, you need to work out the complete TCO of each car over 3 years and 24k miles before you can conclude anything.
I'd guess at around 15p off peak, which would give you a per mile cost of around 4p for the EV. At current petrol costs (£1.66 litre) the 1.5 Mini acheiving an average of 50MPG would be costing 15p per mile.
Extrapolate that over 24k miles and the difference is £960 v £3600 without an EV specific tariff.
NS66 said:
Jimbo. said:
Lower BIK if that matters (company car)
Lower VED (for now)
Not paying the £0.65/0.6p75 you refer to if you can change from home
The convenience of having a fully “fuelled” car every morning if you can charge at home
Lower servicing costs
A nicer, quieter, smoother drive if that’s what you want?
“Because”
A whole host of things. Could spin that around and say what’s the appeal of a Mini over a Dacia, Corsa, Fiesta etc?
Private car so no BIK - I enjoy the EV BIK on my company car :-)Lower VED (for now)
Not paying the £0.65/0.6p75 you refer to if you can change from home
The convenience of having a fully “fuelled” car every morning if you can charge at home
Lower servicing costs
A nicer, quieter, smoother drive if that’s what you want?
“Because”
A whole host of things. Could spin that around and say what’s the appeal of a Mini over a Dacia, Corsa, Fiesta etc?
We migrated to Octopus but currently on 33.7p - no solar panels either.
To me the incentive is just not large enough to make the leap - its was a no brainer on my company car plus can charge at the office with subsidized rates.
With the removal of the grants and the increase in electric costs plus going into the unknown - is EV the future? just not there for me yet.
You will only pay approx 10p per kwh to charge it at home.
SWoll said:
You might still find it just doesnlt work for you, but at least you'll be making the decision with all of the information you need.
I'd guess at around 15p off peak, which would give you a per mile cost of around 4p for the EV. At current petrol costs (£1.66 litre) the 1.5 Mini acheiving an average of 50MPG would be costing 15p per mile.
Extrapolate that over 24k miles and the difference is £960 v £3600 without an EV specific tariff.
It would take me about 3 years to do 24k. I think I'd rather save the capital needed on the charger, deposits etc and make 3% interest in the bank I'd guess at around 15p off peak, which would give you a per mile cost of around 4p for the EV. At current petrol costs (£1.66 litre) the 1.5 Mini acheiving an average of 50MPG would be costing 15p per mile.
Extrapolate that over 24k miles and the difference is £960 v £3600 without an EV specific tariff.
8,000 miles. You’ll probably charge what once or twice in a year outside of the home. Electricity prices will drop a lot next year, gas prices are already hugely down. Electric providers have to buy very far in advance which is causing this blip in prices. Petrol and diesel is only going one way.
Also you can switch to EV tariffs on Octopus which will drop the price on charging the car.
Also you can switch to EV tariffs on Octopus which will drop the price on charging the car.
fourstardan said:
SWoll said:
You might still find it just doesnlt work for you, but at least you'll be making the decision with all of the information you need.
I'd guess at around 15p off peak, which would give you a per mile cost of around 4p for the EV. At current petrol costs (£1.66 litre) the 1.5 Mini acheiving an average of 50MPG would be costing 15p per mile.
Extrapolate that over 24k miles and the difference is £960 v £3600 without an EV specific tariff.
It would take me about 3 years to do 24k. I think I'd rather save the capital needed on the charger, deposits etc and make 3% interest in the bank I'd guess at around 15p off peak, which would give you a per mile cost of around 4p for the EV. At current petrol costs (£1.66 litre) the 1.5 Mini acheiving an average of 50MPG would be costing 15p per mile.
Extrapolate that over 24k miles and the difference is £960 v £3600 without an EV specific tariff.
There is no deposit with a cash purchase, you wouldn't need to invest in a dedicated charger to do 8k miles per year (we do 12-15k on a 3 pin charger supplied with the vehicle) and your 3% is going to earn you the sum total of around £90 a year.
SWoll said:
fourstardan said:
SWoll said:
You might still find it just doesnlt work for you, but at least you'll be making the decision with all of the information you need.
I'd guess at around 15p off peak, which would give you a per mile cost of around 4p for the EV. At current petrol costs (£1.66 litre) the 1.5 Mini acheiving an average of 50MPG would be costing 15p per mile.
Extrapolate that over 24k miles and the difference is £960 v £3600 without an EV specific tariff.
It would take me about 3 years to do 24k. I think I'd rather save the capital needed on the charger, deposits etc and make 3% interest in the bank I'd guess at around 15p off peak, which would give you a per mile cost of around 4p for the EV. At current petrol costs (£1.66 litre) the 1.5 Mini acheiving an average of 50MPG would be costing 15p per mile.
Extrapolate that over 24k miles and the difference is £960 v £3600 without an EV specific tariff.
There is no deposit with a cash purchase, you wouldn't need to invest in a dedicated charger to do 8k miles per year (we do 12-15k on a 3 pin charger supplied with the vehicle) and your 3% is going to earn you the sum total of around £90 a year.
It would take some recouping back even if you fully charged at peak times over and above the Go rates.
Jimbo. said:
NS66 said:
Seen this morning that Instavolt and BP pulse have put their charges up (75p & 65p).home tarriff 33.73 at the moment.
Just changing my wifes car - was undecided on Mini EV or Mini petrol 1.5 - looks like the decision will be petrol then!!
£5000 more for EV - 8000 miles pa - keeping 3 years - just cant see an incentive!!!!
Lower BIK if that matters (company car)Just changing my wifes car - was undecided on Mini EV or Mini petrol 1.5 - looks like the decision will be petrol then!!
£5000 more for EV - 8000 miles pa - keeping 3 years - just cant see an incentive!!!!
Lower VED (for now)
Not paying the £0.65/0.6p75 you refer to if you can change from home
The convenience of having a fully “fuelled” car every morning if you can charge at home
Lower servicing costs
A nicer, quieter, smoother drive if that’s what you want?
“Because”
A whole host of things. Could spin that around and say what’s the appeal of a Mini over a Dacia, Corsa, Fiesta etc?
would not recommend anyone purchase as ev unless that could charge at home. Then unless you can get an engery deal no cost savings to be had. From the comparison from fleetnews (see below ) The mini se costs around 56.44p per mile to run and the highest (to get purchase price about the same) spec. 1.5 around 39.79p
https://www.fleetnews.co.uk/costs/car-running-cost...
Edited by ashenfie on Wednesday 9th November 09:07
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