December 2, 2023 at 12:07 pm
#250628
Yes I saw that. Very interesting. Includes the first car to be worth less than 30% of its new price after just 3 years. This is just one of the many reasons why private buyers aren’t embracing EVs at anything like the rate that fleet customers (most of whom benefit from the lower benefit in kind taxation) are. Good news for Motability customers though. We don’t have the same worries about EV depreciation and resale issues (other than the high APs which, to a degree, reflect this), so Motability remains an obvious route to help manufacturers achieve their targets.