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At this rate it’ll be zero by the time we are due to renew in 2023
"the world is full of kings and queens who blind your eyes and steal your dreams-its heaven and hell "(RJD)
Peugeot 2008gt
Selenium greyNo surprise there Really. Encourage folk to go green then cut the grant because there has been a massive take up of EV’s.
Joss
Current car: BMW X2 sDrive 20i M Sport 5dr Step Auto In metallic Portimão Blue. 04:10:2025
Previous car:Peugeot 308 GT Premium 1.2 Pure tech Petrol.On the other hand why should the government spend taxpayers money to encourage people to do what they are doing anyway?
More manufacturers have pledged to go ICE free and more electric vehicles appear every quarter. I’d argue the tipping point has passed and encouragement for uptake in the forms of grants is no longer required.
The idea is that EV batteries have been getting cheaper each year & that’s predicted to continue into the future.
Add to that the appreciation of the £ over the last few months & EV costs are dropping. The general break even point that gets bandied about where an EV reaches parity with a fossil is 2024, & that’s just 3 years away. Once that point is reached, unless a substantially cheaper technology arrives, then EVs will simply be cheaper to buy new & run than fossil fueled vehicles, perhaps they already are for those who generate a significant amount of solar electricity or use off-peak tariffs for their electricity & can charge at home.
The question now is no longer “should I consider buying an EV”, it is “how much range will this year’s EVs give me” and as ranges generally increase & choices expand it’s looking like EVs will be the natural choice before very long.
The hope now is that larger EVs will start arriving on the scheme over the next couple of years so that we can get wheelchairs into them easily.
For those who haven’t driven an EV yet, I’d encourage you to go “have a play” when the situation improves with regard to lockdowns, I think you will be a little shocked by the low speed performance of EVs, forget trying to burn one off away from the traffic lights unless you’ve got some really serious HP. The young guy with the baked bean can exhausts on a small petrol hatch simply looks like the fossil he is from a century ago.
I suspect the scheme will be affected more by the ceiling of the grant reduced from£50k to £35k. APs certain to be higher £35k+. Kiss the Tesla 3 and others good bye, I fear.
In view of this I bet motability will have to review the EV cars on the scheme or the ones that we’re coming on in Q2. Meaning more AP or removing them.
Ap up by £500 would be a simple idea no?
Why would we automatically face £500 more of an AP? Perhaps residuals are £500 more now after 3 years. I don’t like the easy excuse to hike up AP’s whenever possible.
Its logical if the government have reduced the grant by £500 if you were motability and you had spent time working out all the prices and then this new directive is introduced what would you do that is quick minimal effort and fair
Having worked in finance all my working like, statistically, it is likely we will see both a drop in available cars and higher AP´s. The real factor is the rrp limit reduction from 50k to 35k for cars which will qualify. Those under 35k will still be viable but those over 35k, a good chunk of the available cars currently on the scheme, it will be a different story. There will be a black hole of 3k to fill, or find from somewhere. Well, Q2 is just 2 weeks away so not long to wait.
Although this was announced today, we can be sure the motor industry and therefore Motability were advised it was coming in advance. Like fwippers I expect it will be reflected in the Q2 offers.
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