Some time ago I wrote that Motability granted me early termination of my current EV on mechanical grounds and I even placed an order for a new EV. But when I heard Elon Musk is going back to Tesla I cancelled my order. This post is to ask your opinions (PLEASE, refrain from any political comment to ensure this discussion will benefit the members of the forum) on how you see the short term future of the EV market in general and models which are or may come on Motability in June / September this year. Here is why I think (hope?) the prices will decline within a number of months: 1. Chinese EV cars are gaining momentum in the UK, forcing competitors to reduce their prices. 2. Despite the government’s efforts, if you cannot charge at home for circa 7p per kWh, owning EV is more expensive than ICE (public charging points, except Tesla, charge you over 70p) 3. Elon Musk is no stranger to cutting prices – he did it in the past, despite all the complaints from those who placed orders and paid higher price, and I think he may do it again, once back. It is already possible to get brand new Model Y with 2.9% APR or a new / nearly new Model Y with 0% APR. 4. The government recently introduced EV VED charges – less incentive to by EV. 5. The government has also introduced BiK changes – within less than just two years, in 2027, it will reach 5% and in 2029 – 9%. Again – less incentive to by EV. 6. Oil price – despite dollar’s slide since Trump came to power, the Brent is still below $62 mark, signalling to me that the oil price will continue to decline, and prices at the petrol station will follow the suite.
1. As you state yes the Chinese are forcing down the prices a good thing for all of us.
2. Have you not read the posting North West to Cornwall, cheaper than a PHEV, HEV or ICE.
6. Oil price also affect the price of electricity.
As regards Elon Musk and Tesla I cannot see you problem. The market will sort itself out, at the moment there is plenty of desirable EV’s on the used market at bargain prices, fancy a Polestar 2 less then £20,00 with Polestar 2 year warranty.
Unfortunately I have suffered a brain injury and occasionally I get confused and often say the wrong thing.