RE: UK (finally) registers millionth electric vehicle
Discussion
V 02 said:
P.Griffin said:
Sure, we get that electricity is cheaper than petrol, and you're not concerned with depreciation as they haven't bottomed out yet, but the current elephant in the room is insurance. I did a quote for a Taycan (as I didn't believe what someone had told me) and the quote came to roughly £3500. I'm old enough to know better with full no claims, the car will be garaged, and I live in a reasonable part of the South East. To put this in perspective, my Aston DBS was £500. 2p per mile isn't covering that.
I reckon that’s more to do with it being a Taycan than it being electric, they’ve had some teething issuesOut of interest, how much is the sister Audi RS e-tron to insure?
Note you will also save £675 on VED on a Taycan… and servicing costs will be less… brings it much closer to than the Aston than you’d think even with the price of insurance
Or maybe because you are called P. Griffin… have you found out how much it is to insure Lois instead?
Xenoous said:
Is that it? Surprised to be honest. I still see EVs as a white goods kind of purchase. Will only ever be a head over heart thing. Not for me, for the foreseeable at least.
Man, the future sucks, huh?
Aren't 90% of new cars just white goods? I bought my first EV a few months ago and love it. I do 16-18k miles a year so running a big V8 day-to day becomes very expensive. Not once have I ever had range anxiety or worried about charging it up. It costs me about £45 a month to do around 1300 miles. Man, the future sucks, huh?
Or I could run a rattly 4-cylinder diesel about which still costs more than 3x the amount in fuel, sounds thrilling...
I love ICE cars (I have a 5.0 V8 still for fun) but you don't buy an EV instead of a Ferrari, you buy it instead of a 2.0 diesel 3-series, for example.
I've clocked the E-trons. 72 reg's with a few K miles for sub £30k, not bad if you can live with the 175 mile range and you dont intend to keep for so long that battery issues arise.
For private buyers new electric cars anywhere near list price are an awful investment. Like people say company and lease cars fine, but when that comes to an end there is little demand in the private market, loads will hit the market after 3/4 years and prices will plummet.
For private buyers new electric cars anywhere near list price are an awful investment. Like people say company and lease cars fine, but when that comes to an end there is little demand in the private market, loads will hit the market after 3/4 years and prices will plummet.
500x said:
I've clocked the E-trons. 72 reg's with a few K miles for sub £30k, not bad if you can live with the 175 mile range and you dont intend to keep for so long that battery issues arise.
For private buyers new electric cars anywhere near list price are an awful investment. Like people say company and lease cars fine, but when that comes to an end there is little demand in the private market, loads will hit the market after 3/4 years and prices will plummet.
Cars are not an investment whether ICE or EV, with a very very few exceptions. For private buyers new electric cars anywhere near list price are an awful investment. Like people say company and lease cars fine, but when that comes to an end there is little demand in the private market, loads will hit the market after 3/4 years and prices will plummet.
Fast and Spurious said:
EmailAddress said:
wemorgan said:
Mafioso said:
Surely nobody in their right mind actually buys an EV? I assume most on the road are fleet vehicles or leased?
Congratulations for making the 1st post a negative postNow for a battery of silly replies.....
500x said:
I've clocked the E-trons. 72 reg's with a few K miles for sub £30k, not bad if you can live with the 175 mile range and you dont intend to keep for so long that battery issues arise.
For private buyers new electric cars anywhere near list price are an awful investment. Like people say company and lease cars fine, but when that comes to an end there is little demand in the private market, loads will hit the market after 3/4 years and prices will plummet.
That's exactly what I have. I've got it on PCP for 18 months and I'll just give it back at the end of the term. A lot of car for £500 deposit and £290/month at 2 years old.For private buyers new electric cars anywhere near list price are an awful investment. Like people say company and lease cars fine, but when that comes to an end there is little demand in the private market, loads will hit the market after 3/4 years and prices will plummet.
The batteries come with an 8year/100k mile warranty too. It's the rest of the car falling apart I'd be more worried about
Audi were giving them away before Christmas.
500x said:
I've clocked the E-trons. 72 reg's with a few K miles for sub £30k, not bad if you can live with the 175 mile range and you dont intend to keep for so long that battery issues arise.
For private buyers new electric cars anywhere near list price are an awful investment. Like people say company and lease cars fine, but when that comes to an end there is little demand in the private market, loads will hit the market after 3/4 years and prices will plummet.
The 55 e-Tron have a range of around 255 miles.For private buyers new electric cars anywhere near list price are an awful investment. Like people say company and lease cars fine, but when that comes to an end there is little demand in the private market, loads will hit the market after 3/4 years and prices will plummet.
T_S_M said:
Aren't 90% of new cars just white goods? I bought my first EV a few months ago and love it. I do 16-18k miles a year so running a big V8 day-to day becomes very expensive. Not once have I ever had range anxiety or worried about charging it up. It costs me about £45 a month to do around 1300 miles.
Or I could run a rattly 4-cylinder diesel about which still costs more than 3x the amount in fuel, sounds thrilling...
I love ICE cars (I have a 5.0 V8 still for fun) but you don't buy an EV instead of a Ferrari, you buy it instead of a 2.0 diesel 3-series, for example.
There is a percentage of people out there in the right circumstances that EV's are ideal for, and I can totally see the attraction. If I was doing a 20-50 mile each way commute every day and had home charging capability it certainly would make sense for me.Or I could run a rattly 4-cylinder diesel about which still costs more than 3x the amount in fuel, sounds thrilling...
I love ICE cars (I have a 5.0 V8 still for fun) but you don't buy an EV instead of a Ferrari, you buy it instead of a 2.0 diesel 3-series, for example.
But even if this occurs, and running costs are low do people fail to see the bigger picture? probably. Depreciation is nearly always going to be 50%+ of total costs.
My last car was a Fiat 500x 2L 4WD auto Diesel. I'm low mileage, maybe 4k a year and MPG was about 40ish. Insurance about £250. Servicing per year about the same. Road Tax £210 I think. This doesnt look great by any means, perhaps standard.
But.......and a very big but...... I bought it 8 months old with 11 miles on the clock, sold it almost exactly 6 years later. The gap between what I paid and what I sold it for was £3k exactly. As such all the rest of the costs virtually pale into significance, as I had £40 a month depreciation.
500x said:
There is a percentage of people out there in the right circumstances that EV's are ideal for, and I can totally see the attraction. If I was doing a 20-50 mile each way commute every day and had home charging capability it certainly would make sense for me.
But even if this occurs, and running costs are low do people fail to see the bigger picture? probably. Depreciation is nearly always going to be 50%+ of total costs.
My last car was a Fiat 500x 2L 4WD auto Diesel. I'm low mileage, maybe 4k a year and MPG was about 40ish. Insurance about £250. Servicing per year about the same. Road Tax £210 I think. This doesnt look great by any means, perhaps standard.
But.......and a very big but...... I bought it 8 months old with 11 miles on the clock, sold it almost exactly 6 years later. The gap between what I paid and what I sold it for was £3k exactly. As such all the rest of the costs virtually pale into significance, as I had £40 a month depreciation.
What did you pay £16-18K? When did you sell it? But even if this occurs, and running costs are low do people fail to see the bigger picture? probably. Depreciation is nearly always going to be 50%+ of total costs.
My last car was a Fiat 500x 2L 4WD auto Diesel. I'm low mileage, maybe 4k a year and MPG was about 40ish. Insurance about £250. Servicing per year about the same. Road Tax £210 I think. This doesnt look great by any means, perhaps standard.
But.......and a very big but...... I bought it 8 months old with 11 miles on the clock, sold it almost exactly 6 years later. The gap between what I paid and what I sold it for was £3k exactly. As such all the rest of the costs virtually pale into significance, as I had £40 a month depreciation.
Was the 2L about £24K new in 2015 which would mean you sold when used car prices were highly inflated.
Edited by Nomme de Plum on Monday 5th February 15:42
Edited by Nomme de Plum on Monday 5th February 15:43
P.Griffin said:
I did check a Tesla model S and it wasn't much cheaper. As others have said, a Taycan at less than £50k is a tempting thought, so I had to check, but those insurance numbers are silly. I couldn't get a quote for Lois....some small print about not insuring redheads...
Did you get a quote for an equivalent ICE?When I've done that, the prices for insuring an EV have come out very similar to an ICE.
500x said:
Depreciation is nearly always going to be 50%+ of total costs.
ICE isn't going to be that far off thought really.Traditionally hasn't ICE always lost 50% of it's value after three year? It's only the last few years were we've seen cars hold onto their value more, but the market appears to be getting back to how it was before.
This is from the AA website.
"Year one
A new car loses value as soon as you drive off the forecourt and by the end of the first year will have lost around 40% of its value. This varies a lot though and the best may lose as little as 10%.
Year three
If you do 10,000 miles a year, the average car will have lost around 60% of its value by the end of its third year."
Source: https://www.theaa.com/car-buying/depreciation#:~:t...
My Tesla is currently worth 40% of it's original purchase price, that's at four year old. So depreciation seems about average to me. Thankfully I bought it at 60% of it's original price at 3 year old.
Edited by TheBinarySheep on Monday 5th February 15:50
Edited by TheBinarySheep on Monday 5th February 15:52
Edited by TheBinarySheep on Monday 5th February 15:54
TheBinarySheep said:
500x said:
Depreciation is nearly always going to be 50%+ of total costs.
ICE isn't going to be that far off thought really.Traditionally hasn't ICE always lost 50% of it's value after three year? It's only the last few years were we've seen cars hold onto their value more, but the market appears to be getting back to how it was before.
Nomme de Plum said:
TheBinarySheep said:
500x said:
Depreciation is nearly always going to be 50%+ of total costs.
ICE isn't going to be that far off thought really.Traditionally hasn't ICE always lost 50% of it's value after three year? It's only the last few years were we've seen cars hold onto their value more, but the market appears to be getting back to how it was before.
ICE Corsa, 2020 with 57k miles on it is £8,000 and cost £16k new.
Taken from cars currently for sale on Autotrader.
Not really much in it.
Nomme de Plum said:
What did you pay £16-18K? When did you sell it?
Was the 2L about £24K new in 2015 which would mean you sold when used car prices were highly inflated.
It was a fortunate occurrence. I had test drove the top spec Cross Plus with 18 inch wheels about 9 months before and didnt like it, the ride was too firm, so decided the best alternative was an upspeeced Cross version on 17's.
Then the biggest car supermarket motor***** started getting them in July/ Aug 2017. The backstory was they were all registed late dec 2016 at a main dealer in Reading, then were probably overpriced so just sat. They must have offloaded 20-30 to Motor*****, all either blue, green or red that I saw. They were advertised as standard spec but you could see from the pics they werent, i could tell they had the £400 comfort pack, inc keyless, armrest, and elec lumbar. Then when i saw it in the flesh it also had the £150 spare wheel. On the way home after driving it I also noticed it has the £950 safety pack, lol.....blind spot detection and all that. I priced the car up at the time and with the extras it was exactly £27k OTR.
I bit at £12,999 plus £99 admin fee, plus £150 road tax, £13,248 total.
When I came to sell I messed up by putting it on Ebay at £11,999, didnt have much interest so changed to autotrader gradually dropping the price about £250 a week. Ended up selling to a local kinda webuyanycar type place for £10,250, and about 15 mins after agreeing the deal I had a call from a lady on autotrader offering £500 more than this. I had to honour the deal I had. So ended up selling for £10,250.
I agree that the market was inflated a bit at the time of selling.
A great outcome. After 3 gremlins in the first 6 months the car ran like clockwork. Admittedly a noisy clock though.
Was the 2L about £24K new in 2015 which would mean you sold when used car prices were highly inflated.
It was a fortunate occurrence. I had test drove the top spec Cross Plus with 18 inch wheels about 9 months before and didnt like it, the ride was too firm, so decided the best alternative was an upspeeced Cross version on 17's.
Then the biggest car supermarket motor***** started getting them in July/ Aug 2017. The backstory was they were all registed late dec 2016 at a main dealer in Reading, then were probably overpriced so just sat. They must have offloaded 20-30 to Motor*****, all either blue, green or red that I saw. They were advertised as standard spec but you could see from the pics they werent, i could tell they had the £400 comfort pack, inc keyless, armrest, and elec lumbar. Then when i saw it in the flesh it also had the £150 spare wheel. On the way home after driving it I also noticed it has the £950 safety pack, lol.....blind spot detection and all that. I priced the car up at the time and with the extras it was exactly £27k OTR.
I bit at £12,999 plus £99 admin fee, plus £150 road tax, £13,248 total.
When I came to sell I messed up by putting it on Ebay at £11,999, didnt have much interest so changed to autotrader gradually dropping the price about £250 a week. Ended up selling to a local kinda webuyanycar type place for £10,250, and about 15 mins after agreeing the deal I had a call from a lady on autotrader offering £500 more than this. I had to honour the deal I had. So ended up selling for £10,250.
I agree that the market was inflated a bit at the time of selling.
A great outcome. After 3 gremlins in the first 6 months the car ran like clockwork. Admittedly a noisy clock though.
Edited by Nomme de Plum on Monday 5th February 15:42
Edited by Nomme de Plum on Monday 5th February 15:43
WPA said:
£1400 a year for 8k miles seems a lot shed motoring and I paid less than that for a car a few years ago, insurance was under £200 for the year, tax is cheap enough and I only do 3000 miles so not a huge fuel bill, no service last year only the mot @ £150 with a few minor repairs.
It's not though is it. Unless you're getting well over 50mpg in your ICE car you'll spend £1400 just on fuel to do 8000 miles. Andy83n said:
Any tax break on EVs is justmaking poor people pay to help rich people feel better thinking that they can change the weather by driving an expensive Car
It might surprise you to know that most EV buyers don't really care about climate change.Climate/the weather just isn't a consideration for the vast majority. You really think a single Taycan buyer has bought/rented one because they think they're saving the world?
Got my EV because it lowered my tax bill, meant i didnt have to pay child benefit back, has over 400hp, connects to my phone, is warm when I get in it at 0400 in the morning and costs 2-3p a mile to run because funnily enough the world hasn't warmed up enough to stop my ICE car freezing up and work don't pay for my commuting costs.
But I couldn't possibly be 'into' cars, opens garage, oh yeah a TVR, slow in comparison but does make nice noises.
Edited by ChocolateFrog on Monday 5th February 16:13
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