So this is the quandary I now face. I have an MG hybrid+ on order for delivery at the end of this month. Are these rising fuel prices the incentive I need to cancel my order and make the leap to fully EV?
Personally, I wouldn’t base a decision on car choice on the current situation, which could well be over before you even take delivery of the car! Even if it drags on for some months, which is likely I would think, it will still be a short term issue in the scheme of things. Diesel has gone up the most, but petrol hasn’t gone up as much (in percentage terms) as I thought it might, although I suspect that it will go up more before it starts to come down again. With Trump facing mid term elections later this year, and cost of living being a major issue (especially in the U.S. where they all drive around in gas guzzlers), steps will be taken to calm things, especially oil prices, before too long. Besides, gas and electric prices are on the up as well, although if low running costs are your priority when choosing a car, and you can charge at home (essential) and the range isn’t t an issue for you, an EV will always work out cheapest.
If an EV suits you they make a lot of sense through Motability, as all the usual worries of buying an EV privately (high up front costs, crippling depreciation, high insurance costs, greater tyre wear, risk of battery damage in a crash, cost of a home charger etc etc) are completely removed. There’s also a half decent choice of them through the scheme, unlike ICE cars. I’d base your decision on your annual usage and ability to charge, rather than current fuel prices.