Reply To: Mercedes, jaguar, tesla …

#240053
Glos Guy
Participant

    Whilst nothing appears to be on the cards at present, I think that the push back of the ICE cut off for new car registrations to 2035, whilst still retaining the EV take up targets for manufacturers, is going to result in more premium manufacturers coming to Motability.

    From the few initial figures released since the change was announced, along with anecdotal feedback from dealerships, demand for EVs from private customers has dropped. This is going to cause big issues for manufacturers, as their targets rely on sales of EVs increasing significantly year on year. Tesla will be Ok as all their cars are EVs. Also, those manufacturers who are moving significantly towards the majority of their range being EVs. But other manufacturers are now going to be relying heavily on the lease market to meet these targets.

    Many company car drivers have already made the switch to EVs due to the huge ‘benefit in kind’ taxation savings that can be made. Motability, on the other hand, still has a very low percentage of customers with EVs at present. Obviously many of those without the ability to charge off road will remain reluctant, but the average Motability customer drives significantly less miles per annum than the average fleet (or even private) driver, so the potential to convert those who are ‘wavering’ is potentially greater.

    Motability could therefore be a marriage made in heaven as far as manufacturers are concerned. For this reason, I can see more premium EVs appearing on the scheme, perhaps not imminently, but over the coming years.