Only three EV under £30k
Discussion
Reports from this money...
The cheapest new petrol car in the UK is the Dacia Sandero at approx £13k.
The MG4, mini electric, and Nissan Leaf are the only EV under £30k, twice as much.
There used to be seven under £30k last year.
As petrol engines are phased out, will lower end consumers just be priced out apart from the oldest models potentially with battery range issues?
The cheapest new petrol car in the UK is the Dacia Sandero at approx £13k.
The MG4, mini electric, and Nissan Leaf are the only EV under £30k, twice as much.
There used to be seven under £30k last year.
As petrol engines are phased out, will lower end consumers just be priced out apart from the oldest models potentially with battery range issues?
Cootuk3 said:
Reports from this money...
The cheapest new petrol car in the UK is the Dacia Sandero at approx £13k.
The MG4, mini electric, and Nissan Leaf are the only EV under £30k, twice as much.
There used to be seven under £30k last year.
As petrol engines are phased out, will lower end consumers just be priced out apart from the oldest models potentially with battery range issues?
More than 3.....The cheapest new petrol car in the UK is the Dacia Sandero at approx £13k.
The MG4, mini electric, and Nissan Leaf are the only EV under £30k, twice as much.
There used to be seven under £30k last year.
As petrol engines are phased out, will lower end consumers just be priced out apart from the oldest models potentially with battery range issues?
VW E-UP
SMART Four Two
FIAT 500e
Renault Zoe
Citroen Ami
Vauxhall Corsa
Cootuk3 said:
Reports from this money...
The cheapest new petrol car in the UK is the Dacia Sandero at approx £13k.
The MG4, mini electric, and Nissan Leaf are the only EV under £30k, twice as much.
There used to be seven under £30k last year.
As petrol engines are phased out, will lower end consumers just be priced out apart from the oldest models potentially with battery range issues?
Non-story.The cheapest new petrol car in the UK is the Dacia Sandero at approx £13k.
The MG4, mini electric, and Nissan Leaf are the only EV under £30k, twice as much.
There used to be seven under £30k last year.
As petrol engines are phased out, will lower end consumers just be priced out apart from the oldest models potentially with battery range issues?
Nearly all new cars are bought on finance.
Cheaper EVs are available, but I'll use your examples.
Sandero is about £200/month plus £125 for fuel.
MG4 is about £350/month plus £50 for electricity.
Not a lot in it.
Within 5 years it will almost certainly swing in favour of the EV.
Your mileage may vary...
SWoll said:
Maracus said:
More than 3.....
VW E-UP
SMART Four Two
FIAT 500e
Renault Zoe -
Citroen Ami
Vauxhall Corsa
The e-Up is no longer available new in the UK, the Citroen Ami is quadracycle and the Fiat 500e, Renault Zoe and Vauxhall Corsa all list at £30k+ OTR.VW E-UP
SMART Four Two
FIAT 500e
Renault Zoe -
Citroen Ami
Vauxhall Corsa
Zoe - https://www.autotrader.co.uk/car-details/202208279... (£500 above)
Corsa - https://www.autotrader.co.uk/car-details/202212162... (imminent price rise)
e-Up - https://www.autotrader.co.uk/car-details/202211191...
GT9 said:
Cootuk3 said:
Reports from this money...
The cheapest new petrol car in the UK is the Dacia Sandero at approx £13k.
The MG4, mini electric, and Nissan Leaf are the only EV under £30k, twice as much.
There used to be seven under £30k last year.
Non-story.The cheapest new petrol car in the UK is the Dacia Sandero at approx £13k.
The MG4, mini electric, and Nissan Leaf are the only EV under £30k, twice as much.
There used to be seven under £30k last year.
Nearly all new cars are bought on finance.
Cheaper EVs are available, but I'll use your examples.
Sandero is about £200/month plus £125 for fuel.
MG4 is about £350/month plus £50 for electricity.
Not a lot in it.
Within 5 years it will almost certainly swing in favour of the EV.
Your mileage may vary...
Is an MG4 a nicer thing to own/drive than a Sandero? Yes - at least by £75 a month in value terms. And whilst it's not part of my buying decision.. I suppose there should be some extra value attached in terms of it being better for the environment.
The £75 'extra' is itself not really a true cost anyway as the car itself will remain of higher value than the Sandero at whatever point it's sold. Also cheaper servicing, zero road tax currently and soon likely to be still lower than ICE road tax, less brake wear.... Almost certainly less lifetime repair costs in most instances too. Even insurance is cheaper for EV. That £75 a month delta could in fact be £10-20 a month if I could be arsed to work it all out in detail (I can't).
Cootuk3 said:
As petrol engines are phased out, will lower end consumers just be priced out apart from the oldest models potentially with battery range issues?
On this point, I don't think those in power, and not just in the UK, will mind one bit if more people (have to..) look for alternatives to private transport. And beyond political desire, it's perfectly normal as times and technologies change for the price of things to go up/down. Cars are taking a jump in cost, EV's more of a jump than ICE.I don't believe those that can only afford a very old EV with limited range will really need anything else as a necessity. So long as you can get to work, get the kids to school and reach the local hospital etc then that's the necessary job of a car done, and a 13 year old Nissan Leaf bought for cheaps will in all likelihood still be perfectly capable of that. Obviously it's 'nicer' if the car can do 200 miles on a charge and doesn't have worn out seats and shot dampers... But getting the nicer things in life does tend to come at a cost which will rapidly exceed the means of the lowest income households.
Cootuk3 said:
As petrol engines are phased out, will lower end consumers just be priced out apart from the oldest models potentially with battery range issues?
For the next decade or so anyway, yes. In that time, there's not going to be a £1000 runabout EV like the ICE equivalents. We're going to have to get used to dearer (EV) cars at the lower end. Nobody will be worse off as the residuals of EVs are higher.500e is NOT over £30k list. There are lots on A/T ('22 reg) for under £24k. And the RRP is supposedly £25k?
Here's just one;
https://www.autotrader.co.uk/car-details/202204044...
Here's just one;
https://www.autotrader.co.uk/car-details/202204044...
I don't really see what the headline purchase price has to do with anything anyway. All that matters is the depreciation during ownership and the cost of financing that period.
If a £20k car drops in value like a sack of s
t then buy the £30k car. It costs less overall for the time you own it and you get £10k more car for that time too!
If a £20k car drops in value like a sack of s
t then buy the £30k car. It costs less overall for the time you own it and you get £10k more car for that time too!TheDeuce said:
I don't really see what the headline purchase price has to do with anything anyway. All that matters is the depreciation during ownership and the cost of financing that period.
I really wish more of the "electric cars are irrelevant toys for wealthy business owners" mob could get their heads round this;if (for example) a Model Y costs £60k to buy new, and you can get £52k for it after three years, the total cost of ownership
is only eight grand rather than sixty.
(obviously this applies to all new cars, not just BEVs, but BEVs are enjoying particularly low depreciation at the moment
which is unlikely to change in the foreseeable future)
PBCD said:
I really wish more of the "electric cars are irrelevant toys for wealthy business owners" mob could get their heads round this;
if (for example) a Model Y costs £60k to buy new, and you can get £52k for it after three years, the total cost of ownership
is only eight grand rather than sixty.
(obviously this applies to all new cars, not just BEVs, but BEVs are enjoying particularly low depreciation at the moment
which is unlikely to change in the foreseeable future)
That's all well and good in theory, but you need to be able to service the debt during the period, that Model Y will cost a lot more than the £289 a month your figures would suggest. New cars in general are expensive compared to '19.if (for example) a Model Y costs £60k to buy new, and you can get £52k for it after three years, the total cost of ownership
is only eight grand rather than sixty.
(obviously this applies to all new cars, not just BEVs, but BEVs are enjoying particularly low depreciation at the moment
which is unlikely to change in the foreseeable future)
Cootuk3 said:
Reports from this money...
The cheapest new petrol car in the UK is the Dacia Sandero at approx £13k.
The MG4, mini electric, and Nissan Leaf are the only EV under £30k, twice as much.
There used to be seven under £30k last year.
As petrol engines are phased out, will lower end consumers just be priced out apart from the oldest models potentially with battery range issues?
"Lower end consumers" are not buying new cars. They not even buying 10 year old cars. The cheapest new petrol car in the UK is the Dacia Sandero at approx £13k.
The MG4, mini electric, and Nissan Leaf are the only EV under £30k, twice as much.
There used to be seven under £30k last year.
As petrol engines are phased out, will lower end consumers just be priced out apart from the oldest models potentially with battery range issues?
There will always be cars available in the 97-99% depreciation range.
ETA Or leasing/PCP'ing.
Edited by ChocolateFrog on Thursday 22 December 09:25
GT9 said:
Cootuk3 said:
Reports from this money...
The cheapest new petrol car in the UK is the Dacia Sandero at approx £13k.
The MG4, mini electric, and Nissan Leaf are the only EV under £30k, twice as much.
There used to be seven under £30k last year.
As petrol engines are phased out, will lower end consumers just be priced out apart from the oldest models potentially with battery range issues?
Non-story.The cheapest new petrol car in the UK is the Dacia Sandero at approx £13k.
The MG4, mini electric, and Nissan Leaf are the only EV under £30k, twice as much.
There used to be seven under £30k last year.
As petrol engines are phased out, will lower end consumers just be priced out apart from the oldest models potentially with battery range issues?
Nearly all new cars are bought on finance.
Cheaper EVs are available, but I'll use your examples.
Sandero is about £200/month plus £125 for fuel.
MG4 is about £350/month plus £50 for electricity.
Not a lot in it.
Within 5 years it will almost certainly swing in favour of the EV.
Your mileage may vary...
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