Further to my comment earlier about the potential adverse impact of these grants on residual values, a sector specialist who is very pro EVs has just been interviewed on Sky News Business programme. Whilst he cautiously welcomed the grants, he said that residual values for 2 year old EVs had dropped from 78% to 46% in just 18 months, and there was some concern that this might make the problem even worse.
I wonder how many private buyers who might be swayed by this offer are aware of the depreciation hit that they could be facing, which could wipe out the grant saving several times over?