[Al3xT]

Please stop scaremongering. That article is rubbish.

Motability generated some loss due to incentives (£750 pay outs, free ev chargers, grants – ) and drop in resale value. You may remember Tesla cut prices by 20% couple of years ago that had a knock on effect on used EV prices. Also insurance went up a bit.

 

BTW Motability has 4 billion (!) pounds in capital reserve (i.e. cash in the bank) so far from going bankrupt. 😀

 

Re other costs Motability vehicles are exempt of VED and VAT…

 

https://www.am-online.com/news/record-customer-growth-dampened-by-significant-losses-for-motability-operations#:~:text=UK’s%20largest%20fleet%20owner%20Motability,car%20values%20and%20inflationary%20pressures.

https://cardealermagazine.co.uk/publish/profits-collapsed-at-motability-despite-revenue-and-customer-numbers-soaring-in-2024/311770#:~:text=The%20holding%20company%20of%20charity,soared%20pre%2Dtax%20profits%20collapsed.