I’ve been reading the trade papers regarding used BEV cars. There is a great reluctance for dealers to have many in their forecourt as they take a long time to move and the residual prices are all over the place, add to that Teslas two price cuts that have really hit the residuals for those who already bought at the higher prices.
those who want BEVs are stuck between a rock and a hard place, the initial prices of BEVs on the scheme are higher than ICE cars then the residuals, the price Motability can sell the car at auction, are being held really low. The way the AP is worked out includes the estimated residual cost and if that’s lie, then the AP will be higher to cover the costs.
Those that want to lease a BEV are between a rock and a hard place, high purchase costs and low residuals, it makes currently ICE cars a better financial bet. Add to all of this, the fact Germany has suddenly realised the ICE ban will have a huge effect in their manufacturing base, they have niw started to fight in the EU parliament against the total ban, do again, perhaps there is life in the ICE cars yet….