EVs... no one wants them!

EVs... no one wants them!

Author
Discussion

_Rodders_

585 posts

19 months

Wednesday 1st February 2023
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Leicesterdave said:
If you're thinking of trading in your EV anytime soon don't bother!

2 VW dealers this am wouldn't touch my Cupra Born. I have never in 23 years had a dealer refuse to take my car in part exchange, never!

Dealers simply don't want EVs and I have to admit that of course it's scaring me as I need to sell but the loss is far too great to bear.

I hope the situation improves over the next 6 months or so....

Edited by Leicesterdave on Wednesday 1st February 11:23
Quite a few Savvy ID3 buyers got out of theirs last year on the groups. They were selling for thousands over list price and I did think at the time that there was no way that would last.

Quite a few seem to have either gone ID4/5 or Born though so they won't be repeating the trick.

Castrol for a knave

4,686 posts

91 months

Wednesday 1st February 2023
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Bear in mind that the HMRC rate for electricity is 5p and many companies will only pay that. There is no ability to claim the 45p/25p balance like there is with wet fuel. That and the increased cost make them unfavourable if doing any meaningful mileage.

I had a massive fight with my old FD about the cost of charging when doing a 500 mile day for work. Partly why I left - run by Septic accountants, price of everything, value of nothing....

When I left October last year, my 18 month old 35,000 mile M3LR was priced by WBAC and M'way at £47,000. Black Horse offered it to me at £48,000. it's a £52,000 car (red so a £2k option).

Cazoo price just now £25,000!!!

That's a dynamic market!!

number2

4,306 posts

187 months

Wednesday 1st February 2023
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page3 said:
Joey Deacon said:
page3 said:
PurpleFox said:
£2.80 to top up from 0 to 80% are you sure? Depends on the car model and your tariff of course but if you had a P100d, that's 80kwh from 0 to 80% so £27.20 at todays capped rate of 34p per kwh.
Mine is the Model 3 SR+ so 50 kWh approx. Using Octopus Go.
So they only make sense if you have off street parking, drive locally so you don't have to use public chargers and are on a cheap overnight electricity tariff.
250 miles is hardly "local" though is it? Plus the network is out there when you go further afield. We found it so convenient we got rid of the second ICE and are now fully EV.

Cheap overnight tariff is pretty common. Even working from home we shift 40% off-peak and save a fair bit.

Off-street parking definitely helps. I'd personally not want to run two EV's without.
I've no skin in this game, or relationship with either of these places, but a round trip from Luton to Norwich is 200 miles. That's a fair length trip which can be undertaken by an EV on one charge for argument's sake.

It looks like the public charging infrastructure is lagging the demand for EVs, but it will catch up. Charging infrastructure in cities is interesting - it will improve, but how much is necessary is another question; car ownership is already very low, and will on-demand hire take over for longer trips, or other times a vehicle is needed?

It's a fact oft rolled out, but most people don't travel very far by car on a daily basis. Those that need an ICE for their daily 200+ miles can keep one for a long time to come.


Dave Hedgehog

14,550 posts

204 months

Wednesday 1st February 2023
quotequote all
Leicesterdave said:
bennno said:
What do WBAC offer?
£24k.

Bought for £36k in August.
that sounds about right for any new car, 20% of the price is tax


_Rodders_

585 posts

19 months

Wednesday 1st February 2023
quotequote all
Leicesterdave said:
bennno said:
What do WBAC offer?
£24k.

Bought for £36k in August.
Fark

number2

4,306 posts

187 months

Wednesday 1st February 2023
quotequote all
Dave Hedgehog said:
Leicesterdave said:
bennno said:
What do WBAC offer?
£24k.

Bought for £36k in August.
that sounds about right for any new car, 20% of the price is tax
Which bares no relation at all to the second hand price of the car, which is determined by market forces.

Dave Hedgehog

14,550 posts

204 months

Wednesday 1st February 2023
quotequote all
number2 said:
Dave Hedgehog said:
Leicesterdave said:
bennno said:
What do WBAC offer?
£24k.

Bought for £36k in August.
that sounds about right for any new car, 20% of the price is tax
Which bares no relation at all to the second hand price of the car, which is determined by market forces.
apart from the recent crazyness the 20 years before that a 30% drop in price the moment you leave a dealer on a mass produced car would be expected IMO

s1962a

5,314 posts

162 months

Wednesday 1st February 2023
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How soon can we expect £30k i4's then?

number2

4,306 posts

187 months

Wednesday 1st February 2023
quotequote all
Dave Hedgehog said:
number2 said:
Dave Hedgehog said:
Leicesterdave said:
bennno said:
What do WBAC offer?
£24k.

Bought for £36k in August.
that sounds about right for any new car, 20% of the price is tax
Which bares no relation at all to the second hand price of the car, which is determined by market forces.
apart from the recent crazyness the 20 years before that a 30% drop in price the moment you leave a dealer on a mass produced car would be expected IMO
Yes, but the 30% drop has nothing to do with tax whatsoever.

_Rodders_

585 posts

19 months

Wednesday 1st February 2023
quotequote all
page3 said:
rallye101 said:
Doesn't it currently cost roughly £50 for an 80% top up of teslas at motorway services? This is what scared me off...that and winter range in cold temperatures
No, it doesn’t.

Current cost is around 41p/kWh so that’s around £16. Not that you’d ever charge from zero. And if course home charging would still cost in the region of £2.80 for the same 0-80%
That's not right.

41p is close to the domestic rate unless we're talking something like Octopus Go's night rate.

Most fast chargers are 60p + now.

So circa £30 for 50kwh, got a 100kwh battery, then get your wallet out.

MrBig

2,693 posts

129 months

Wednesday 1st February 2023
quotequote all
Have you tried Arnold Clark and Motorway? I've sold cars to both within the last 4 years and they both offered more than WBAC.

Also, you have to account for 20% from the new price too? £24k trade in offer on a £36k car at 6 months old is probably not far off where we would have been in the market prior to 2020?

Do you need to sell? Surely you're making savings on fuel vs ICE?

ten200

214 posts

92 months

Wednesday 1st February 2023
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Tesla announced some big price cuts recently, and it wouldn't be surprising if other EV manufacturers were forced to reduce their prices too. You can understand a dealer not wanting to have nearly-new EVs in their inventory if they are anticipating the prices of new models falling by an unknown amount in the near future.

anonymous-user

54 months

Wednesday 1st February 2023
quotequote all
_Rodders_ said:
That's not right.

41p is close to the domestic rate unless we're talking something like Octopus Go's night rate.

Most fast chargers are 60p + now.

So circa £30 for 50kwh, got a 100kwh battery, then get your wallet out.
Indeed

How much does it cost to charge an electric car at Ecotricity?
As of January 2023, electricity from one of Grideseve's 'High Power' chargers (up to 360kW) now costs 66 pence per kilowatt-hour, while its 'Medium Power' chargers (up to 60kW) are priced at 65p/kWh. Finally, slower AC charging (up to 22kW) – both tethered and untethered – costs 49p/kWh.

MrBig

2,693 posts

129 months

Wednesday 1st February 2023
quotequote all
number2 said:
Yes, but the 30% drop has nothing to do with tax whatsoever.
Interested to know the logic behind this statement.

TV200

73 posts

70 months

Wednesday 1st February 2023
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The cheapest Born on autotrader is £31k, so don't use WBAC?

The-Wanderer

213 posts

67 months

Wednesday 1st February 2023
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We took a Tesla in PX in October, giving below book for it, and lost over £10k on it at auction in January. No interest in it at all. We’ve still got another one to shift.

Same with Mach E’s, nobody wants them second hand and they are dropping like stones.

bennno

11,636 posts

269 months

Wednesday 1st February 2023
quotequote all
The-Wanderer said:
We took a Tesla in PX in October, giving below book for it, and lost over £10k on it at auction in January. No interest in it at all. We’ve still got another one to shift.

Same with Mach E’s, nobody wants them second hand and they are dropping like stones.
Is there an element of those who want a Tesla might not be paying cash and their 3.9% PCP's offset used car savings?


cayman-black

12,643 posts

216 months

Wednesday 1st February 2023
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I thought the battery cars were all the fashion, whats happened?

LayZ

1,627 posts

242 months

Wednesday 1st February 2023
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cayman-black said:
I thought the battery cars were all the fashion, whats happened?
Electricity isn't cheap any more and the ultra-rapid chargers are all full. It's bleak.

soxboy

6,221 posts

219 months

Wednesday 1st February 2023
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Just had a look on AT at a Mini Electric, you can get a 2021 one from a dealer for £20k. Quite tempted at that price.

For just over £40k you could get the Mini and that FF Range Rover 5.0 supercharged that was featured on PH the other day.

Edited by soxboy on Wednesday 1st February 16:57