Corsa’s are very expensive relatively on our scheme too, but so are all the smallish Stellantis cars. I think it’s the horrendous depreciation that does it. Far better to look at an MG or Hyundai for value.
I believe the number was “240 net”. As a 40% tax payer, if I get paid £400 I give 40% of that to the government and I get to keep £240 for myself (I’m ignoring National Insurance as at higher salaries it’s a much smaller percentage). But, if you take the money before tax is calculated then £400 pre-tax payment hurts me in my pocket in exactly the same amount as paying £240 after tax - like I would if I just went to a dealer and signed a lease deal. The difference is that £160 goes to the leasing company rather than the government in tax. So yeah a “240 net” deal is a 400 pre-tax deal and I’m pretty sure Tusker are showing pre-tax prices. £400 pcm for a car is a lot, but for a car with insurance, tyres and servicing, it’s ok. My e-C4 is £350 pcm on 0% finance and I don’t get any of those extras.
The elephant in the room is that you have to be on a minimum of £26.5k a year to access any salary sacrifice scheme, so anybody on the living wage or near the living wage isn’t going to be able to access this and I would suggest this is the very people who need the financial support. Salary sacrifice is one of the cheapest ways to access and run an electric vehicle. Unfortunately, the very people who need this can’t access it.
I agree, however the upside is that these SS leases are flooding the second hand market with 3 year old, 30k mile BEVs. This does help those people you mention, though it is a less direct help.
@@ronrubble Correct. The Used BEV market getting much cheaper. So, make it easier for people to have a newer vehicle, and their old one goes to the Used market. Early days, but it will get better.
The company I work for won’t offer it because we have some people who are on the minimum wage who they can’t offer it to and so it’s not fair to offer it to some and not others…
@@Kristosdee Same at my company. However, they do offer salary sacrifice for e-bikes and cycles, for those living wage earners, if they want it, which is a thoughtful something at least. We do have EVSE equipment at our company - I asked for them [2] to be installed and they were in within 3 months. Just in time for my own leased BEV, and FREE charging, no less. 4 years down the road and I can thoroughly recommend it.
How about Money Mileage? Everyone loves bang for your buck, getting more for their dollar. It's like a counter point to range anxiety. You can't go as far on a charge and it takes a bit longer to "refuel", but your money goes many more miles than it would in your ICE car. Got an overnight charging tariff? That's cheap miles. Got solar? That's free miles.
Only if you home charge. The problem is it’s 2p a mile on cheap rate at home, about 25p a mile on rapid chargers in some places. How can you calculate a standard for this?
I don't have a rebranding catch word. Instead, ideas around sovereignty and strategic robustness like... stop giving money to authoritarian petrostates. Let's keep our money here. Let's not put PM2.5 into our children's brains. I could go on.
If your organisation takes ESG seriously, it should have one. Got ours 3 years ago from 🐙 they are doing a great job. I love my Model Y 22 plate. In 6 month, I will need to give it back😢😢😢...hopefully for a new one or I may extend the lease for another year. If you can have a home charger it should be an easy decision.
Total no brainer if you can home charge. I’m saving £1,500 a year having a BEV instead of a Petrol car and the lease/BIK isn’t anymore than a petrol would be.
2 biggest issues we came across were these...1) there is a significant impact on your pension. As you are paying for it before tax, the amount contributed by your employer to your pension is lower. 2) on any schemes, the employer js leasing the car and subleasing it to the employee. If you decide to get a job elsewhere, you cant take the car, so the employer often enforces an agreement that youll pay a lump sum contribution to cover their losses. An unscrupulous employer can treat you badly, knowing you will think twice about leaving or risk being fired because you dont want to lose rhe car or pay the lump sum
1) not on our scheme, pensionable salary remains the same. 2) that’s true you don’t own the car and have to either buy it or pay back a proportion if the remaking lease to walk away. It’s basically an early termination of the agreement, like any lease.
Your point 1) That is pretty average. My company doesn’t do that, and nor does my wife’s. 2) again on our schemes this isn’t an issue - it comes with insurance that covers ending the lease if you move job. As ever - everyone has to check their own situation.
I'd love to get an EV via Salary Sacrifice - unfortunately my experience so far has been that the scheme just inflates the monthly net cost to the point where it's not viable for the average person. £1000+ a month for a Tesla, £850 for an ID.7... they even want £300 a month for the Dacia Spring, which over a 3-year lease would nearly be enough to buy the car outright. If this os the government's plan to get the masses to adopt EVs, its not going to work.
Some very useful comments here regarding smart meter issues in rural and ‘not spots’ and the needs of heat pumps to run all day. This can seriously compromise electricity deals for cheap overnight tariffs to charge your electric car. Hmm, never thought of that - Everything Electric show; how about acknowledging this as an issue for an all electric home. Certainly makes calculating the cost per mile of a BEV even more complicated!
Sadly it's not always that cheap. The leasing company we have access to is suggesting a Nissan leaf will cost me around £500 per month ...bit of a rip off.
But there again they have to eat and might well take a hit when trying to unload the used vehicles, hence the prices. I gather "residuals" in the industry is sort of the "anti Christ" thing.
Octopus always go on about low cost tariffs. That's great if you can get a smart meter that works. I had a smart meter installed via Octopus only to find there is no Smart meter signal, so not so smart. I had to get my economy 7 meter reinstalled. Not having a working smart meter is costing me as much £100 per month as I have being doing some 20k miles per year in our EV. Smart meters in north England and Scotland don't have external Ariel sockets, so if you have no signal nothing can be done. Meters for south England and Wales work on mobile network wavelength and some have external aerial sockets, but even then the industry refuses to install external aerials in conservation area or on listed buildings as they can't be bothered with the hassle of planning permission. Smart meter installation does not care about doing difficult installs, this is at the expense of the customer. Very annoying post code lottery!!!
To be honest this isn't Octopus's fault, they are probably as annoyed at not being able to connect to their customers via smartmeters as the customers are themselves, after all a number of their unqiue products are based on smart integration with the home. The problem lies with the way the government (of old) setup the competitive smartmeter operation structure in the UK via the Ofgem regulator, trialing competing technologies - wide area radio network in the North/Scotland vis Arqiva and mobile GSM/3G in the Midlands and South via Telefonica/O2. The whole install, service and communications side is managed by a third-party company, SmartDCC, who the energy providers have to work through for installs and obtaining meter readings. There are blinds spots in both connectivity approaches, rural areas and deep valleys area can be a particular problem for both. That said the northern network has wider coverage than the southern network; the mobile network signal and coverage can be patchy. Ofgem hoped that the smartmeter's ability to create a mesh network would mean signals could be routed through from poor connectivity areas to good ones. In reality this only works in cities and towns, in rural areas the mesh network is not that effective and it's pot luck whether you get a signal or not. The external antenna availble in the southern network was a bolt on measure added due to the volume of customer not able to get any signal's on first roll out; the electric cupboards blocked the mobile signal (particularly indoor ones). SmartDCC are working on the issues but it's taking time. In the Southern area they face the issue of the 3G network due to be decomissioned in some locations (large towns/cities mainly), and so are need to upgrade to 4G to keep the customer connected. In the Northern network they are seeking to add additional communication frequencies and more locallised hubs to extend the radio networks reach into the blind spots. In the South West, the signal difference can be quite marked. I'm just at the edge of a cell towers range and was lucky to get a signal (drops out sometimes due to weather) but my neighbour 100 metres away cannot get a signal at all, and this is on a flat open field farmland with direct line of sight to the cell tower a mile away.
@@GruffSillyGoat I did not blame Octopus for the smart meter install fiasco, but I do find them pushing smart tariff solutions without giving any financial benefit to those that can't receive smart meter services extremely frustrating. By the time I get a working smart meter I will be off grid. I also have to cope with power blackouts as well because the poor state of the network in the Scottish Borders. I have NO faith in the UKs electricity infrastructure.
@@shortbits23 - apologies, I wasn't impying you were blaming Octopus, just they're working with the cards they've been dealt (like all energy providers are with respect to smart meters).
@shortbits23 why should octopus be expected to subsiding factors outside of there control, or stop advocating for something a small part of the population cannot get. It the like people arguing for reduced prices on ADSL boardband as they are so far away from the exchange. If you live in the countryside (I do as well) you have to accept that services will not be as good as in urban areas, as it is not economical to provide the same level of service on a commercial bases and it going to be a postcode lottery, a small price to pay for positives of living in the countryside. Also be glad you have the chance, NI is to start to get smart meters in 2029/2030 until then it 24h or economy 7 only.
One thing I always found odd is the smart meter's IHD can connect to both the meter and the home's wifi network. Yet SmartDCC don't allow the reading data to be sent over wifi/broadband to them - might solve access issues for a fair few.
How about M4M? Money for mileage/miles. Calculate how much it costs to do say 1000 miles for both ICE and EVs, including everything (lease, insurance, fuel/electric)
Problem with that is there isn’t one rate for BEV charging. It ranges from free charging at work to 89p per kWhr at some rapid chargers. If you can home charge it’s absolutely no contest, BEV is way cheaper, if you have to use expensive rapid chargers it’s more than petrol. That’s a big issue - not a level playing field.
If you are on a BIK scheme with your company, you'll be bonkers not to take out a BEV as at 2%, its a steal. My mate got a £65k BMW for £20/m. That is the definition of a takeaway and it costs less than it.
How about “ECP” Electric Car Payments. Most are familiar with “PCP”. Not everyone knew how PCP worked when it started in the car industry but most people know how it works now so ECP if and when it becomes a Standard Term users will enquire then will become knowledgable in time.
The only person that gain out of salary sacrifice when I had one was the lease company and my employer. It didn’t cost my employer a single penny yet, they refused to pay me milage claiming it was a company car which it wasn’t because they didn’t pay a penny. I’d never go that route again.
If you’re r doing business miles, you should always be able to claim petrol or charging costs for that as it’s a business expense. That’s a very weird company you work for. If it’s private miles i.e. commuting then no you can’t claim for that.
£240 a month. mmm was wondering if my son could do this and make me a named driver, as I am retired and he walks to work but I think it would still work out cheaper for me to run my existing car as I only do 4000 miles a year, car tax £20 insurance not sure but let's say £200 a year, and an annual service and mot of £200. Must try and work this out more accurately.
Ensure you do your research. You are a captive audience (and can’t shop around) so the lease companies fleece you. Often it’s cheaper to use leaseloco or similar and just get it not on salary sacrifice (and I say this as a 45% tax payer). As ever - check the sums and shop around.
How do you convince your employer that they are not exposed to a layer of admin and they are not to be burdened by their exposure to the asset value of the evs. My employer has 7000 employees many of whom can be exposed to Tupe.
There again you should factor in "risen costs". I don't suppose the technicians/mechs will be on the same salary for a start. After all you'd be wanting a raise in your income too.
Yes, it would have been better to show this. I can say that for me, the monthly cost for a BEV is a lot lower than an ICE car, because of two things: 1. The Benefit In Kind is massive lower on the BEV per month. 2. The ‘fuel’ cost for the BEV is 2p a mile or less with home charging. When you look at these two, they are far more than the slightly higher monthly lease cost for the BEV, so overall it’s a lot cheaper.
Yes but owning stuff means you take the hit if HMG policies don't work out as Rachel likes to claim. The depreciation on a new car can be quite a lot as you'll be aware. Ergo why throw away your cash when you could be stashing the cash for retirement. Property prices can go up or down, who can say? Younger readers might care to research "negative equity". We're all awaiting Rachel's first Autumn Statement and Kier assures us it's going to cause hardships to some. It may be we rely more and more on public transport in UK. Might be a idea to offload your motoring shares. You can be sure your Pension Trustees will be taking a long hard look at their motoring holdings ... it's their job and thank goodness for the experts. Who really wants to retire at 70+ on a state pension? Some poor folk will be back in a tax bracket paying income tax from next April. Would suggest a new BEV is not the most sensible of "investments".
I know everyone hates how expensive gas is, but I think few people actually look at how much they spend on gas. Instead of telling people how much they'll save on gas to switch from electric (what does $7000 over 5 years even mean?!?), I tell them what my equivalent cost/gallon is to drive electric. My last gas car got 26mpg, so I pay the equivalent of $0.75/gallon of gas to drive electric. Since Gas prices are on every corner, it's a number people really understand. And that price doesn't change based on the whims of the oil cartel.
It’s very simple to calculate a cost per mile for EV’s, but you’re right it’s confusing as no one displays the costs at charging stations, like they do with gas.
Come the next budget i can see this type of tax relief being scrapped. If they don't care about freezing pensioners they sure as hsit aren't going to think twice about ev drivers. And before anyone gets too gleeful, your affordable 2nd hand ev that seems to be what most private buyers are waiting for will just have had the tap switched off. Best keep that 13 year old diesel golf serviced well and hope you can still find somewhere to fill it up for less than £2/ litre in the next couple of years.
Frankly i wish my company was with octopus. Both my wife’s and mine use Zenith - And we found it to be cheaper to not bother with salary sacrifice and shop around using lease loco.
Poorer people working in lower paid jobs subsidise your EV, your full inflated RRP consumer choice, the false agenda and the finance company’s fees and interest. Just so you can spend hours every week in a soulless car park, sipping overpriced coffee, waiting for your commute miles to be charged onto the appliance…
Beware Octopus! I have just received an email stating it can take up to 8 months to come off of the expense tariff to the intelligent go tariff. The difference in price is incredible. There was a mix up in a switch over and I have always been with Octopus so no extra setting up is needed. They have my smart meter details, so there’s no excuse not to put me on my previous tariff Octopus Go, whilst they take 8 months to hook me up to intelligent go. Jokers!
We have a predominantly older population in the UK and much of Europe. Many have reduced mobility so often use cars (Drs no longer do home visits either). Pensioners are not going to benefit from this scheme but many will struggle to get access/change to an EV while wishing to do so. UK state pensions are so meagre transitioning to an EV seems almost impossible. Pension sacrifice is not feasible. I would happily use an e-bike but would not survive long on Welsh (or English) roads where little safe cycling infrastructure exists. I cycled all the time when I lived in Holland in the 70s. Affordable Chinese EVs would be helpful but our governments propose adding tariffs to them
If you are a low milage driver then new electric cars just don't make financial sense, even with salary sacrifice. For a family sized EV on salary sacrifice still cost around £600/month. This compared to a reliable 2nd hand ICE car just doesn't compare. I own outright a 10yr old diesel and taking everything into account based on doing 6000miles a Yr and an average 40mpg it costs me less than £200/month.
@@ryannowell3802 does that £200 per month include all the labour and parts keeping your diesel car on the road, timing chain, exhaust pipes, gaskets, alternators, oil changes and all you time organising the servicing of a mechanical beast? My last car before going pure electric 12 years ago was a Skoda Octavia diesel. I dumped it on the second hand market after having to spend £600 on fitting timing chain and £200 on alternator. Since going electric 12 years ago, I've not had a single failure, the only costs is for brake disks and tyres, oh and coolant for battery system and that is doing 22k miles per year.
I have a family sized EV on my scheme and it costs me under £450 a month. When you take into account I’m saving £1,500 a year on petrol as well (£125 a month), it’s actually costing me £325 a month for a brand new car including everything - insurance, breakdown cover, maintenance, tyres etc. You can’t compare a 10 year old diesel to having a brand new car, they’re chalk and cheese. I know our other car is a 6 year old diesel.
@@ISuperTed dont get me wrong I would love a brand new EV and I know it would be lovely when compared to my current car. But I own my car outright and even though its 10yrs old it's only done 60k miles and has never skipped a beat. I just cannot make the economics work even with salary sacrifice at a higher rate tax payer. My car costs me £140/month and that's inclusive of fuel, insurance, tax, service and MOT.
@@t1n4444 Instead of insulting me, why don’t you reflect on the subject of the video?! When you have a business with a high ratio of income to investment, such as tradesmen like builders and electricians have, you may as well get an EV and completely write it off as business expenses since internal combustion is penalised but EVs are largely tax-deductible. Most Porsche Taycans Audi E-Trons and similar cars are through business or fleet purchases. If your employer’s company car policy applies to you, you are not in a low-paid job, either. Those who work, but earn below the average UK wage level wouldn’t have the job or business that qualifies them to the EV tax incentives. These people buy their own car either by cash, personal loan, lease deals or similar arrangements; and they typically buy used. Again, there is no incentives and subsidies on used EVs, other than the heavy and brutal depreciation, but a two-three year old EV on the market is still not affordable for most people. I know South Wales and the Bristol/Bath area well and I can see the local car market here. Most working people buy 6-10 year old little/medium petrol cars on finance or older cars by cash. These people work, pay their taxes, pay the road tax, while those who earn twice or three times as much may get tens of thousands of pounds towards their cars in the tax incentives and write-offs that the video is about.
An alternative to TCO could be TIGHTER Tax Insurance Garage (meaning the home charger) Hire (meaning the hire costs) Tires Electricity Recovery (breakdown recovery) With this you could say that octopuses electric car hire is tighter than the equivalent ice car. A tough in cheek ad slogan could be, “when your friends ask you how you can afford your new car. You can simply respond, the benefits of being tighter”.
But totally impossible to implement, asthere isn’t a single rate for charging an EV. It costs me 2p per mile because I have cheap rate electric overnight with home charging, it costs others 25p a mile as they can only use rapid chargers. How can you do a cost per mile with that variation ? You’d have to state a range that is huge which makes it worthless.
Yeah, afford a new Porsche, then the unfortunate actual owners sell it for buttons second hand 12 months later. You'd think they learned by now. If EV's lost their subsidies they'd disappear overnight. New ones popular with sales rep w*nkers who get a car with their job, soley for tax reasons, Absolutely toxic for private buyers and unloved secondhand. But whatever spin gets your money in lady.
If those friends drive boring SUVs then they have no case to stand on, and EV would be the ideal car for people who aren’t car enthusiasts or have a use case for constant road trips to remote places. If they drive Astons, Porsches, Lambo, Ferrari then I get it.. EV hasn’t got the same level of emotion as those, but if they drive 3 or 4 cylinder eco engines then they are just, how to put it politely.. uninformed and no passion for cars.
@@A2KLAU yes, I try, they are still excellent friends and family..the problem is I'm not a good advert as I drive a Mk1 Zoé and have no off street charging.I would get a new one but I have a house to buy for my young family 🙂🙂🙃
As much as I love my EV it's not for everyone. Having a government which is pushing these cars is just wrong on so many levels. The whole green agenda is f**ked up and being used to fleece the public. Always 2 sides so let the market adjust. Too much focus on PCP and leasing, we'll all be renting cars in the future if we don't put a stop to it all.
@@IDann1 priorities with the house and family, but overall running cost wise you’re saving. Especially with short journeys, as cold starts on ICE cars burn more fuel to get warm, whereas EV none of that wear and tear.
You don't own a lease car. You give it back at the end of the lease. PCP deals allow you to purchase, this salary sacrifice scheme doesn't. But cost of ownership with these EVs is literally charging and that's it. Most employers would opt for maintenance to be included and then there are no additional costs for tyres, windscreen wipers, servicing, etc. The car is yours for 3 years.
I think it’s about 2% of leases/PCP where the lease pays the balloon payment, everyone hands the car back and takes out a new agreement. It’s a bit of a Hamster Wheel arrangement.
@@ISuperTed I think I'll stick to my modified 2008 1.2 Clio Turbo "sleeper". At least I own it and it's quicker than most budget BEVs. I only do about 3000 miles a year so my carbon footprint is pretty low although the insurance is a little on the high side since I declare all the mods!
I did the maths on this for the car I got. Lease was cheaper than pcp (if I assumed I paid the balloon at the end and sold the car immediately - or in fact if I just never paid the balloon). As ever - do the maths for your own situation.
Second hand market is flooded with expensive EVs that have depreciated significantly. My Polestar 2 has a list price of 48k, but is now available for 22k. That's a bargain.
There are new EVs available from £15,000. Second hand EVs are available for the same price or less than the equivalent petrol models. Don't forget that an EV costs less than ¼ of the running costs of an equivalent ICE, so massive savings can be had.
This is all fine for Evs but is not a lot of help for those with heat pumps. It is an unfortunate fact that a heat pump must be on pretty much all the time you are not asleep. That means it has to use peak electricity. That, combined with the scandalous setting of the electricity price to 4 times the gas price does nothing to encourage the uptake of heat pumps which can reduce CO2 emissions even more than EVs.
It doesn’t need to use peak electricity if you have a house battery force-charged overnight at the Octopus Go rate of 8 pence a kWh. I have this (and soar panels) and I will typically pay £0.30 for twenty days a month (more if I charge the car, obv.).
My heat pump has worked out way less expensive than the oil I had before and as the tank and boiler were both at the end of their lives so had to be replaced it felt like a no brainer as I also didn’t want to cause more pollution if possible…
@@davidsullivan3465 In the depths of winter when it is zero outside my heat pump is using 3kw of input to produce over 9kw of heat. Very much in line with the oil boiler I used to have. It is on for 17 hours a day. That's 51 kwh. The battery would have to be pretty big. I have 4kw of solar but it might average 5kwh per day if I am lucky.That is the problem.
Shows all that is wrong with the current tax breaks for EV’s. All it is doing is handing massive tax breaks to relatively wealthy individuals to purchase evermore expensive cars. Should be more like the American system where a standard discount is available to all buyers at time of purchase but limited to cars under a certain value
Company cars are often available to a wide group of employees. It's not restricted to the rich nor to premium model cars; only the upper management levels tend to go for these type of cars. Most people get a more affordable runabout/commuter car through the schemes, The UK used to have an incentive system similar to the US one, but is was discontinued as is prompted poor behaviour by the automakers.The automakers offered EVs at inflated the cost on the knowledge a government discount applied so pocketed the discount in effect for themselves. Initially it was hoped that the automakers would use this extra revenue to increase model range and production of EVs. However, this didn't happen as many of the automakers focussed on high-value high price premium cars to maximise profits. Now the government is operating a negative incentive (penalties) directly upon the automakers to drive up production of EVs, and hopefully clawback some of the tax revenue lost on the original scheme from those automakers who didn't use the money to invest in EVs.
@@GruffSillyGoat the aim was to get company cars to be electric and that the tax incentive would stimulate demand to allow infrastructure (chargers) to be built out as it was a chicken and egg issue. As company cars are normally kept for 3 years this would then make large numbers of used ev available for people that could not afford new cars. UK car market is a premium market most people want nice spec new cars or buy used nice spec cars. Few people buy the basic spec in UK. The CO2 fleet average was always the plan to keep the entire industry moving to zero emissions.
@@jirwin32 Apologies, I wasn't clear - I wasn't referencing basic spec as being commuter cars but can see this can be implied by using the / . Sorry for any confusion.
I’m retired, so nothing for me, can’t even use the winter fuel allowance towards charging my car. That and road fund licence charges coming into effect is yet another thing punishing pensioners.
I am sick to death of bias EV reviews from channels like this one. I have just watched a proper review of the top ten most unreliable cars from What Car. Guess what EVs were in the top ten. One of the worst cars was MG. Now you will have seen the people here telling you how wonderful they are! However the people that have bought them will tell you differently. £1500 repairs to MG4s not covered under warranty. Don't believe all they say on this channel. It's their living and they don't want to upset the manufacturers. 😡
@@Sc50001Who are Porche? 😂 Porsche aren’t stopping them, just not increasing production as fast as they expected on the Taycan, they have a big waiting list for the Macan EV. Ford - don’t get me started, they are an absolute mess, but again delaying new models, not stopping production. Ford IMHO have made the worst attempt at transitioning to EV I’ve seen.
Thoughts on "Girl Math" as an alternative to TCO?! Any better suggestions and I'll weave a word of your choice into the next script...!
Real-world cost.
Lifetime Ownership Cost ?
Or lifecycle?
True Cost.
Not “girl math” 😂 TCO actually makes the most sense. Overall Cost/Value might be more relatable for people
£240 for a corsa, the same car on tusker that we are forced to use is £466. There are some people getting very fat off salary sacrifice
Same tusker are an absolute rip off
Dammit - my company's scheme is run by Tusker! I was going to investigate their options, so thanks for the warning.
Salary sacrifice by tusker is a massive rip off just look at standard leases instead of
Corsa’s are very expensive relatively on our scheme too, but so are all the smallish Stellantis cars. I think it’s the horrendous depreciation that does it. Far better to look at an MG or Hyundai for value.
I believe the number was “240 net”. As a 40% tax payer, if I get paid £400 I give 40% of that to the government and I get to keep £240 for myself (I’m ignoring National Insurance as at higher salaries it’s a much smaller percentage). But, if you take the money before tax is calculated then £400 pre-tax payment hurts me in my pocket in exactly the same amount as paying £240 after tax - like I would if I just went to a dealer and signed a lease deal. The difference is that £160 goes to the leasing company rather than the government in tax.
So yeah a “240 net” deal is a 400 pre-tax deal and I’m pretty sure Tusker are showing pre-tax prices.
£400 pcm for a car is a lot, but for a car with insurance, tyres and servicing, it’s ok. My e-C4 is £350 pcm on 0% finance and I don’t get any of those extras.
My wife was quoted £1300 gross, for a Tesla model Y. Over £800 per month net of tax. Not cheap at all.
The elephant in the room is that you have to be on a minimum of £26.5k a year to access any salary sacrifice scheme, so anybody on the living wage or near the living wage isn’t going to be able to access this and I would suggest this is the very people who need the financial support. Salary sacrifice is one of the cheapest ways to access and run an electric vehicle. Unfortunately, the very people who need this can’t access it.
I agree, however the upside is that these SS leases are flooding the second hand market with 3 year old, 30k mile BEVs. This does help those people you mention, though it is a less direct help.
@@ronrubble Correct. The Used BEV market getting much cheaper. So, make it easier for people to have a newer vehicle, and their old one goes to the Used market. Early days, but it will get better.
The company I work for won’t offer it because we have some people who are on the minimum wage who they can’t offer it to and so it’s not fair to offer it to some and not others…
@@Kristosdee Same at my company. However, they do offer salary sacrifice for e-bikes and cycles, for those living wage earners, if they want it, which is a thoughtful something at least. We do have EVSE equipment at our company - I asked for them [2] to be installed and they were in within 3 months. Just in time for my own leased BEV, and FREE charging, no less. 4 years down the road and I can thoroughly recommend it.
@@ronrubble I guess people on living wage may not have that cash to be able to buy those cheaper used EV's still.
How about Money Mileage? Everyone loves bang for your buck, getting more for their dollar. It's like a counter point to range anxiety. You can't go as far on a charge and it takes a bit longer to "refuel", but your money goes many more miles than it would in your ICE car. Got an overnight charging tariff? That's cheap miles. Got solar? That's free miles.
Only if you home charge. The problem is it’s 2p a mile on cheap rate at home, about 25p a mile on rapid chargers in some places. How can you calculate a standard for this?
I don't have a rebranding catch word. Instead, ideas around sovereignty and strategic robustness like... stop giving money to authoritarian petrostates. Let's keep our money here. Let's not put PM2.5 into our children's brains. I could go on.
And hopefully get an ev that was built in friendly democratic country rather than a vast and Orwellian communist dictatorship.
If your organisation takes ESG seriously, it should have one. Got ours 3 years ago from 🐙 they are doing a great job. I love my Model Y 22 plate. In 6 month, I will need to give it back😢😢😢...hopefully for a new one or I may extend the lease for another year. If you can have a home charger it should be an easy decision.
Total no brainer if you can home charge. I’m saving £1,500 a year having a BEV instead of a Petrol car and the lease/BIK isn’t anymore than a petrol would be.
2 biggest issues we came across were these...1) there is a significant impact on your pension. As you are paying for it before tax, the amount contributed by your employer to your pension is lower. 2) on any schemes, the employer js leasing the car and subleasing it to the employee. If you decide to get a job elsewhere, you cant take the car, so the employer often enforces an agreement that youll pay a lump sum contribution to cover their losses. An unscrupulous employer can treat you badly, knowing you will think twice about leaving or risk being fired because you dont want to lose rhe car or pay the lump sum
1) not on our scheme, pensionable salary remains the same.
2) that’s true you don’t own the car and have to either buy it or pay back a proportion if the remaking lease to walk away. It’s basically an early termination of the agreement, like any lease.
Your point 1) That is pretty average. My company doesn’t do that, and nor does my wife’s.
2) again on our schemes this isn’t an issue - it comes with insurance that covers ending the lease if you move job.
As ever - everyone has to check their own situation.
I'd love to get an EV via Salary Sacrifice - unfortunately my experience so far has been that the scheme just inflates the monthly net cost to the point where it's not viable for the average person. £1000+ a month for a Tesla, £850 for an ID.7... they even want £300 a month for the Dacia Spring, which over a 3-year lease would nearly be enough to buy the car outright.
If this os the government's plan to get the masses to adopt EVs, its not going to work.
Some very useful comments here regarding smart meter issues in rural and ‘not spots’ and the needs of heat pumps to run all day.
This can seriously compromise electricity deals for cheap overnight tariffs to charge your electric car. Hmm, never thought of that - Everything Electric show; how about acknowledging this as an issue for an all electric home.
Certainly makes calculating the cost per mile of a BEV even more complicated!
Sadly it's not always that cheap.
The leasing company we have access to is suggesting a Nissan leaf will cost me around £500 per month ...bit of a rip off.
Does that include all costs like Insurance, Maintenance, tyres etc? Is that gross before tax relief. Worth checking.
But there again they have to eat and might well take a hit when trying to unload the used vehicles, hence the prices.
I gather "residuals" in the industry is sort of the "anti Christ" thing.
Correction ...no longer leaf available, but I can get a Fiat 500 for £510 per month .....fantastic family car ..not
@@72stevemc
Depends how big the family is.
Octopus always go on about low cost tariffs. That's great if you can get a smart meter that works. I had a smart meter installed via Octopus only to find there is no Smart meter signal, so not so smart. I had to get my economy 7 meter reinstalled. Not having a working smart meter is costing me as much £100 per month as I have being doing some 20k miles per year in our EV. Smart meters in north England and Scotland don't have external Ariel sockets, so if you have no signal nothing can be done. Meters for south England and Wales work on mobile network wavelength and some have external aerial sockets, but even then the industry refuses to install external aerials in conservation area or on listed buildings as they can't be bothered with the hassle of planning permission. Smart meter installation does not care about doing difficult installs, this is at the expense of the customer. Very annoying post code lottery!!!
To be honest this isn't Octopus's fault, they are probably as annoyed at not being able to connect to their customers via smartmeters as the customers are themselves, after all a number of their unqiue products are based on smart integration with the home.
The problem lies with the way the government (of old) setup the competitive smartmeter operation structure in the UK via the Ofgem regulator, trialing competing technologies - wide area radio network in the North/Scotland vis Arqiva and mobile GSM/3G in the Midlands and South via Telefonica/O2. The whole install, service and communications side is managed by a third-party company, SmartDCC, who the energy providers have to work through for installs and obtaining meter readings.
There are blinds spots in both connectivity approaches, rural areas and deep valleys area can be a particular problem for both. That said the northern network has wider coverage than the southern network; the mobile network signal and coverage can be patchy. Ofgem hoped that the smartmeter's ability to create a mesh network would mean signals could be routed through from poor connectivity areas to good ones. In reality this only works in cities and towns, in rural areas the mesh network is not that effective and it's pot luck whether you get a signal or not. The external antenna availble in the southern network was a bolt on measure added due to the volume of customer not able to get any signal's on first roll out; the electric cupboards blocked the mobile signal (particularly indoor ones).
SmartDCC are working on the issues but it's taking time. In the Southern area they face the issue of the 3G network due to be decomissioned in some locations (large towns/cities mainly), and so are need to upgrade to 4G to keep the customer connected. In the Northern network they are seeking to add additional communication frequencies and more locallised hubs to extend the radio networks reach into the blind spots.
In the South West, the signal difference can be quite marked. I'm just at the edge of a cell towers range and was lucky to get a signal (drops out sometimes due to weather) but my neighbour 100 metres away cannot get a signal at all, and this is on a flat open field farmland with direct line of sight to the cell tower a mile away.
@@GruffSillyGoat I did not blame Octopus for the smart meter install fiasco, but I do find them pushing smart tariff solutions without giving any financial benefit to those that can't receive smart meter services extremely frustrating. By the time I get a working smart meter I will be off grid. I also have to cope with power blackouts as well because the poor state of the network in the Scottish Borders. I have NO faith in the UKs electricity infrastructure.
@@shortbits23 - apologies, I wasn't impying you were blaming Octopus, just they're working with the cards they've been dealt (like all energy providers are with respect to smart meters).
@shortbits23 why should octopus be expected to subsiding factors outside of there control, or stop advocating for something a small part of the population cannot get. It the like people arguing for reduced prices on ADSL boardband as they are so far away from the exchange.
If you live in the countryside (I do as well) you have to accept that services will not be as good as in urban areas, as it is not economical to provide the same level of service on a commercial bases and it going to be a postcode lottery, a small price to pay for positives of living in the countryside.
Also be glad you have the chance, NI is to start to get smart meters in 2029/2030 until then it 24h or economy 7 only.
One thing I always found odd is the smart meter's IHD can connect to both the meter and the home's wifi network. Yet SmartDCC don't allow the reading data to be sent over wifi/broadband to them - might solve access issues for a fair few.
How about M4M? Money for mileage/miles. Calculate how much it costs to do say 1000 miles for both ICE and EVs, including everything (lease, insurance, fuel/electric)
Problem with that is there isn’t one rate for BEV charging. It ranges from free charging at work to 89p per kWhr at some rapid chargers. If you can home charge it’s absolutely no contest, BEV is way cheaper, if you have to use expensive rapid chargers it’s more than petrol.
That’s a big issue - not a level playing field.
There’s also another problem as insurance rates are so variable in the UK as they cover the driver rather than the car.
If you are on a BIK scheme with your company, you'll be bonkers not to take out a BEV as at 2%, its a steal. My mate got a £65k BMW for £20/m. That is the definition of a takeaway and it costs less than it.
@@L.A.T.E.84 look after the rich and feck the rest..... criminal.
@@madmcadder4536 I'm not on a scheme. It's up to the employer. What can we do?
How about “ECP” Electric Car Payments. Most are familiar with “PCP”. Not everyone knew how PCP worked when it started in the car industry but most people know how it works now so ECP if and when it becomes a Standard Term users will enquire then will become knowledgable in time.
"All Inclusive " ......a term most people are familiar with. Still requires some standard sums to be done on EV and ICE cars for proper comparisons.
Low benefit in kind rate - I’ll give it 6- 12 months before that gets plundered like the Winter fuel payments.
The only person that gain out of salary sacrifice when I had one was the lease company and my employer. It didn’t cost my employer a single penny yet, they refused to pay me milage claiming it was a company car which it wasn’t because they didn’t pay a penny. I’d never go that route again.
If you’re r doing business miles, you should always be able to claim petrol or charging costs for that as it’s a business expense. That’s a very weird company you work for. If it’s private miles i.e. commuting then no you can’t claim for that.
What about self employed people and retired people? The infrastructure of a charger etc is costly
Self employed people have a company set up by definition. They can do it through that company.
@@jamesdaw131 most self employed people don’t have a company they are sole traders
@@jsanders100as they choose not to set it up. It’s on them. But it’s very tax efficient.
Total cost of ownership 🔁 Total savings 👍🏾
Overall Value might be better than TCO for the public
How about “The EV dividend” instead of TCO?
I like that.
£240 a month. mmm was wondering if my son could do this and make me a named driver, as I am retired and he walks to work but I think it would still work out cheaper for me to run my existing car as I only do 4000 miles a year, car tax £20 insurance not sure but let's say £200 a year, and an annual service and mot of £200. Must try and work this out more accurately.
Does anyone know what the max length of charging cable can be? Can you buy say 10meter cable?
Ensure you do your research. You are a captive audience (and can’t shop around) so the lease companies fleece you. Often it’s cheaper to use leaseloco or similar and just get it not on salary sacrifice (and I say this as a 45% tax payer). As ever - check the sums and shop around.
Still not available here in the Republic of Ireland, an amazing offering for customers
How do you convince your employer that they are not exposed to a layer of admin and they are not to be burdened by their exposure to the asset value of the evs. My employer has 7000 employees many of whom can be exposed to Tupe.
I have a KIA Niro EV, my first service at 20,000 miles was £230.
I have been quoted £400 for my second at 40,000.
I don’t think that is the cheap.
There again you should factor in "risen costs".
I don't suppose the technicians/mechs will be on the same salary for a start.
After all you'd be wanting a raise in your income too.
That all sounds lovely but where are the real world monthly cost examples compared against ICE vehicles. Lots of missing information.
Yes, it would have been better to show this. I can say that for me, the monthly cost for a BEV is a lot lower than an ICE car, because of two things:
1. The Benefit In Kind is massive lower on the BEV per month.
2. The ‘fuel’ cost for the BEV is 2p a mile or less with home charging.
When you look at these two, they are far more than the slightly higher monthly lease cost for the BEV, so overall it’s a lot cheaper.
I thought "CCU" Converged Cost (of use) sounds way better. Lower converged costing for salary sacrifice EVs
I have been enjoyed, so thank you for sharing.
I want to own my own car, my house, my life. I don't want to just rent everything.
Yes but owning stuff means you take the hit if HMG policies don't work out as Rachel likes to claim.
The depreciation on a new car can be quite a lot as you'll be aware.
Ergo why throw away your cash when you could be stashing the cash for retirement.
Property prices can go up or down, who can say? Younger readers might care to research "negative equity".
We're all awaiting Rachel's first Autumn Statement and Kier assures us it's going to cause hardships to some.
It may be we rely more and more on public transport in UK.
Might be a idea to offload your motoring shares. You can be sure your Pension Trustees will be taking a long hard look at their motoring holdings ... it's their job and thank goodness for the experts.
Who really wants to retire at 70+ on a state pension?
Some poor folk will be back in a tax bracket paying income tax from next April.
Would suggest a new BEV is not the most sensible of "investments".
Also need to note the impact on your pension
I know everyone hates how expensive gas is, but I think few people actually look at how much they spend on gas. Instead of telling people how much they'll save on gas to switch from electric (what does $7000 over 5 years even mean?!?), I tell them what my equivalent cost/gallon is to drive electric. My last gas car got 26mpg, so I pay the equivalent of $0.75/gallon of gas to drive electric. Since Gas prices are on every corner, it's a number people really understand. And that price doesn't change based on the whims of the oil cartel.
Add an extra layer to TCO of oil extracted, transport refined cost to create the petroleum fuel
It’s very simple to calculate a cost per mile for EV’s, but you’re right it’s confusing as no one displays the costs at charging stations, like they do with gas.
How about "Expected Monthly Cost" ???
😂😂😂
Yes, and it comes down to managing the '"expectations" part.
The second hand market is taking off. That couldn’t be a bigger Lie. The second hand market don’t want EVs.
Full monthly cost? Total cost per month?
thanks for info. Does it affect pension payments?
Depends on the scheme. On ours it doesn’t as they keep the pensionable salary the same.
TCO alternative "Operating Discount"
Pension impacts would have been good to cover too…
Come the next budget i can see this type of tax relief being scrapped. If they don't care about freezing pensioners they sure as hsit aren't going to think twice about ev drivers.
And before anyone gets too gleeful, your affordable 2nd hand ev that seems to be what most private buyers are waiting for will just have had the tap switched off.
Best keep that 13 year old diesel golf serviced well and hope you can still find somewhere to fill it up for less than £2/ litre in the next couple of years.
All this excitement is just too much I need to sit down for a while !!
Is this an advert for Octopus?
Frankly i wish my company was with octopus. Both my wife’s and mine use Zenith -
And we found it to be cheaper to not bother with salary sacrifice and shop around using lease loco.
The platform has to pay for itself somehow.
@@t1n4444 Even though this is true it left many people with an icky feeling. I'm unsure now whether to trust this platform.
Can this be used for private owners who do not need a car for business?
I believe it does. Best to check with them.
@@ericcamier8104 who's 'them'?
I have one on our company scheme and do zero business miles. Anyone can have one.
Poorer people working in lower paid jobs subsidise your EV, your full inflated RRP consumer choice, the false agenda and the finance company’s fees and interest.
Just so you can spend hours every week in a soulless car park, sipping overpriced coffee, waiting for your commute miles to be charged onto the appliance…
Beware Octopus! I have just received an email stating it can take up to 8 months to come off of the expense tariff to the intelligent go tariff. The difference in price is incredible. There was a mix up in a switch over and I have always been with Octopus so no extra setting up is needed. They have my smart meter details, so there’s no excuse not to put me on my previous tariff Octopus Go, whilst they take 8 months to hook me up to intelligent go. Jokers!
Move to someone else - that’s a total cock up by the sound of it.
We have a predominantly older population in the UK and much of Europe. Many have reduced mobility so often use cars (Drs no longer do home visits either). Pensioners are not going to benefit from this scheme but many will struggle to get access/change to an EV while wishing to do so. UK state pensions are so meagre transitioning to an EV seems almost impossible. Pension sacrifice is not feasible. I would happily use an e-bike but would not survive long on Welsh (or English) roads where little safe cycling infrastructure exists. I cycled all the time when I lived in Holland in the 70s. Affordable Chinese EVs would be helpful but our governments propose adding tariffs to them
If you are a low milage driver then new electric cars just don't make financial sense, even with salary sacrifice. For a family sized EV on salary sacrifice still cost around £600/month. This compared to a reliable 2nd hand ICE car just doesn't compare.
I own outright a 10yr old diesel and taking everything into account based on doing 6000miles a Yr and an average 40mpg it costs me less than £200/month.
@@ryannowell3802 does that £200 per month include all the labour and parts keeping your diesel car on the road, timing chain, exhaust pipes, gaskets, alternators, oil changes and all you time organising the servicing of a mechanical beast? My last car before going pure electric 12 years ago was a Skoda Octavia diesel. I dumped it on the second hand market after having to spend £600 on fitting timing chain and £200 on alternator. Since going electric 12 years ago, I've not had a single failure, the only costs is for brake disks and tyres, oh and coolant for battery system and that is doing 22k miles per year.
I have a family sized EV on my scheme and it costs me under £450 a month. When you take into account I’m saving £1,500 a year on petrol as well (£125 a month), it’s actually costing me £325 a month for a brand new car including everything - insurance, breakdown cover, maintenance, tyres etc.
You can’t compare a 10 year old diesel to having a brand new car, they’re chalk and cheese. I know our other car is a 6 year old diesel.
@@ISuperTed dont get me wrong I would love a brand new EV and I know it would be lovely when compared to my current car. But I own my car outright and even though its 10yrs old it's only done 60k miles and has never skipped a beat.
I just cannot make the economics work even with salary sacrifice at a higher rate tax payer. My car costs me £140/month and that's inclusive of fuel, insurance, tax, service and MOT.
@@ryannowell3802Fair enough, we have to have 2 cars as we both work so different circumstances.
How does salary sacrifice work if you're self employed?
Poorer taxpayers are subsidising the toxic appliances of those who can’t be bothered to keep a proper car for longer and keep it serviced.
True but the cost of said maintenance might be quite a disincentive if people are up against the "cost of living" thing.
@@t1n4444 Are you suggesting that people are buying new EVs because they can’t afford to service their cars?!
@@ComeJesusChrist
😂😂😂😂
How on earth did you arrive at that conclusion?
Why not reread the post then engage your brain.
@@t1n4444 Instead of insulting me, why don’t you reflect on the subject of the video?!
When you have a business with a high ratio of income to investment, such as tradesmen like builders and electricians have, you may as well get an EV and completely write it off as business expenses since internal combustion is penalised but EVs are largely tax-deductible. Most Porsche Taycans Audi E-Trons and similar cars are through business or fleet purchases. If your employer’s company car policy applies to you, you are not in a low-paid job, either.
Those who work, but earn below the average UK wage level wouldn’t have the job or business that qualifies them to the EV tax incentives. These people buy their own car either by cash, personal loan, lease deals or similar arrangements; and they typically buy used. Again, there is no incentives and subsidies on used EVs, other than the heavy and brutal depreciation, but a two-three year old EV on the market is still not affordable for most people. I know South Wales and the Bristol/Bath area well and I can see the local car market here. Most working people buy 6-10 year old little/medium petrol cars on finance or older cars by cash. These people work, pay their taxes, pay the road tax, while those who earn twice or three times as much may get tens of thousands of pounds towards their cars in the tax incentives and write-offs that the video is about.
An alternative to TCO could be
TIGHTER
Tax
Insurance
Garage (meaning the home charger)
Hire (meaning the hire costs)
Tires
Electricity
Recovery (breakdown recovery)
With this you could say that octopuses electric car hire is tighter than the equivalent ice car.
A tough in cheek ad slogan could be, “when your friends ask you how you can afford your new car. You can simply respond, the benefits of being tighter”.
Thanks
Cost per mile - simple and clean
But totally impossible to implement, asthere isn’t a single rate for charging an EV. It costs me 2p per mile because I have cheap rate electric overnight with home charging, it costs others 25p a mile as they can only use rapid chargers.
How can you do a cost per mile with that variation ? You’d have to state a range that is huge which makes it worthless.
Not if your digging for cobalt in Africa.
Lifetime Cost?
How about "E - Benefits".
I.C.E - It’s Cheaper Electric
Let's call it "Geoff "😂😂
Yeah, afford a new Porsche, then the unfortunate actual owners sell it for buttons second hand 12 months later. You'd think they learned by now. If EV's lost their subsidies they'd disappear overnight. New ones popular with sales rep w*nkers who get a car with their job, soley for tax reasons, Absolutely toxic for private buyers and unloved secondhand. But whatever spin gets your money in lady.
yes, I annoy all my friends about EVs etc.. they are all a bunch of haters and believe all the latest FUD on the news
If those friends drive boring SUVs then they have no case to stand on, and EV would be the ideal car for people who aren’t car enthusiasts or have a use case for constant road trips to remote places. If they drive Astons, Porsches, Lambo, Ferrari then I get it.. EV hasn’t got the same level of emotion as those, but if they drive 3 or 4 cylinder eco engines then they are just, how to put it politely.. uninformed and no passion for cars.
@@A2KLAU yes, I try, they are still excellent friends and family..the problem is I'm not a good advert as I drive a Mk1 Zoé and have no off street charging.I would get a new one but I have a house to buy for my young family 🙂🙂🙃
As much as I love my EV it's not for everyone. Having a government which is pushing these cars is just wrong on so many levels. The whole green agenda is f**ked up and being used to fleece the public. Always 2 sides so let the market adjust. Too much focus on PCP and leasing, we'll all be renting cars in the future if we don't put a stop to it all.
@@IDann1 priorities with the house and family, but overall running cost wise you’re saving. Especially with short journeys, as cold starts on ICE cars burn more fuel to get warm, whereas EV none of that wear and tear.
They wouldn't work with my employer because none of us make enough money..
BO benefit of ownership
Because nobody is buying EVs with their own cash due to catastrophic depreciation.
It's only total cost of "ownership" when you own it... What's the balloon payment at the end of the lease? Because it's only then that you own it.
You don't own a lease car. You give it back at the end of the lease. PCP deals allow you to purchase, this salary sacrifice scheme doesn't. But cost of ownership with these EVs is literally charging and that's it. Most employers would opt for maintenance to be included and then there are no additional costs for tyres, windscreen wipers, servicing, etc. The car is yours for 3 years.
@@sebneeds Thanks. I thought a car lease was the same as a PCP.
I think it’s about 2% of leases/PCP where the lease pays the balloon payment, everyone hands the car back and takes out a new agreement. It’s a bit of a Hamster Wheel arrangement.
@@ISuperTed I think I'll stick to my modified 2008 1.2 Clio Turbo "sleeper". At least I own it and it's quicker than most budget BEVs. I only do about 3000 miles a year so my carbon footprint is pretty low although the insurance is a little on the high side since I declare all the mods!
I did the maths on this for the car I got. Lease was cheaper than pcp (if I assumed I paid the balloon at the end and sold the car immediately - or in fact if I just never paid the balloon).
As ever - do the maths for your own situation.
All sounds great…. IF YOU’RE NOT RETIRED…. When do we get cheaper EVs??
Second hand market is flooded with expensive EVs that have depreciated significantly. My Polestar 2 has a list price of 48k, but is now available for 22k. That's a bargain.
There are new EVs available from £15,000. Second hand EVs are available for the same price or less than the equivalent petrol models.
Don't forget that an EV costs less than ¼ of the running costs of an equivalent ICE, so massive savings can be had.
Just paid £4800 for a 8 year old perfectly working ev. Whats the issue?
Plenty of cheaper used ones now.
New term for Total Cost of Ownership: “The Wonderful Deal!”😊
Stop destroying the planet digging for cobalt.
This is all fine for Evs but is not a lot of help for those with heat pumps. It is an unfortunate fact that a heat pump must be on pretty much all the time you are not asleep. That means it has to use peak electricity. That, combined with the scandalous setting of the electricity price to 4 times the gas price does nothing to encourage the uptake of heat pumps which can reduce CO2 emissions even more than EVs.
It doesn’t need to use peak electricity if you have a house battery force-charged overnight at the Octopus Go rate of 8 pence a kWh. I have this (and soar panels) and I will typically pay £0.30 for twenty days a month (more if I charge the car, obv.).
To clarify, that’s £0.30 per day, twenty days a month.
My heat pump has worked out way less expensive than the oil I had before and as the tank and boiler were both at the end of their lives so had to be replaced it felt like a no brainer as I also didn’t want to cause more pollution if possible…
@@davidsullivan3465 In the depths of winter when it is zero outside my heat pump is using 3kw of input to produce over 9kw of heat. Very much in line with the oil boiler I used to have. It is on for 17 hours a day. That's 51 kwh. The battery would have to be pretty big. I have 4kw of solar but it might average 5kwh per day if I am lucky.That is the problem.
Shows all that is wrong with the current tax breaks for EV’s. All it is doing is handing massive tax breaks to relatively wealthy individuals to purchase evermore expensive cars. Should be more like the American system where a standard discount is available to all buyers at time of purchase but limited to cars under a certain value
Company cars are often available to a wide group of employees. It's not restricted to the rich nor to premium model cars; only the upper management levels tend to go for these type of cars. Most people get a more affordable runabout/commuter car through the schemes,
The UK used to have an incentive system similar to the US one, but is was discontinued as is prompted poor behaviour by the automakers.The automakers offered EVs at inflated the cost on the knowledge a government discount applied so pocketed the discount in effect for themselves. Initially it was hoped that the automakers would use this extra revenue to increase model range and production of EVs. However, this didn't happen as many of the automakers focussed on high-value high price premium cars to maximise profits. Now the government is operating a negative incentive (penalties) directly upon the automakers to drive up production of EVs, and hopefully clawback some of the tax revenue lost on the original scheme from those automakers who didn't use the money to invest in EVs.
@@GruffSillyGoat the aim was to get company cars to be electric and that the tax incentive would stimulate demand to allow infrastructure (chargers) to be built out as it was a chicken and egg issue.
As company cars are normally kept for 3 years this would then make large numbers of used ev available for people that could not afford new cars. UK car market is a premium market most people want nice spec new cars or buy used nice spec cars. Few people buy the basic spec in UK.
The CO2 fleet average was always the plan to keep the entire industry moving to zero emissions.
@@jirwin32 Apologies, I wasn't clear - I wasn't referencing basic spec as being commuter cars but can see this can be implied by using the / . Sorry for any confusion.
I’m retired, so nothing for me, can’t even use the winter fuel allowance towards charging my car. That and road fund licence charges coming into effect is yet another thing punishing pensioners.
I am sick to death of bias EV reviews from channels like this one. I have just watched a proper review of the top ten most unreliable cars from What Car. Guess what EVs were in the top ten. One of the worst cars was MG. Now you will have seen the people here telling you how wonderful they are! However the people that have bought them will tell you differently. £1500 repairs to MG4s not covered under warranty. Don't believe all they say on this channel. It's their living and they don't want to upset the manufacturers. 😡
Feels like the EV world is getting desperate, lots of major car companies stopping manufacturing them.
Wrong
@@ISuperTedporche and ford
@@Sc50001Who are Porche? 😂 Porsche aren’t stopping them, just not increasing production as fast as they expected on the Taycan, they have a big waiting list for the Macan EV. Ford - don’t get me started, they are an absolute mess, but again delaying new models, not stopping production. Ford IMHO have made the worst attempt at transitioning to EV I’ve seen.
LCO. EV hidden benefits or BenEVits