If the government EV grant has been applied to the car to make them cheaper to Motability, can anyone explain why so many AP’s have gone through the roof?
As a few of us said at the time, it was never going to happen that APs would fall by the full value of the grant. Lease prices are calculated in a very different way to the prices paid by retail customers. You can bet your boots that whilst the grants technically apply to lease cars, manufacturers will have simply reduced the discounts that they were offering out of their own pockets. The exact same thing happened with the Help to Buy scheme. The biggest winners were the house builders!
As for EV prices rising, I can only guess that with EV residual prices showing no sign of improving, the policy of spreading the loss across all cars in the scheme (so that everyone shares the pain, whether they want or can accommodate an EV or not) is no longer sustainable and APs on EVs are having to increase in addition to this.
As always, there will be winners and losers (admittedly mostly losers). I see that the BMW i4 has gone back up to £7,999 (I think it was £5,999 for a while). Sadly no decent BMWs added. Still mostly just the 3 cylinder 1.5 litres which don’t appeal. Thankfully we aren’t due to change for ages!