Naturally with the flood of cars coming (and due to continue coming) from China I only see EVs getting cheaper and cheaper, but it won’t be quick.
Can’t wait to get my first EV delivered from the scheme. Will be saving £300+ a month in fuel by charging at home – people often forget these huge savings when taking into account the upfront cost of an EV. Thanks to this benefit my lease effectively becomes nearly “free”. £5 to charge at home or £60+ for a tank of fuel. EV ownership is a no brainer if you can charge at home. If you can’t I’d argue it’s rubbish due to insane public charging prices. No matter how cheap Brent Crude gets you won’t see petrol drop more than 20p a litre which isn’t even worth thinking about really.
Blimey. £300+ a month on fuel? You must be an extremely high mileage driver and/or have an extremely fuel inefficient car? My previous petrol car (2.0i BMW) was costing me around £120 a month in petrol and that was for around 10,000 miles a year!
There is no doubt that if you can charge at home an EV will be considerably cheaper to run but, presumably, if you are a very high mileage driver (I’m guessing you must do at least 25,000 miles a year?) then you probably do a lot of long journeys and will therefore be charging on public chargers as well? Also, as I’m sure you know, a full charge at home won’t give you anywhere near as many miles as a refuel of an ICE car. I’ve had several ICE cars that easily do 600+ miles between fill ups!
My simple point is that whilst an EV that can be charged at home will always be a lot cheaper to run (at least until the government introduce something like pence per mile charges to make up for the lost fuel duty), very few Motability customers do the sort of mileage that you do, so whilst they will undoubtedly save money, it won’t be of the same scale as you and therefore won’t result in a ‘free’ lease once you take into account the AP and the £12,000 sacrificed benefits.