Is buying an EV in 2023 WORTH IT? - Road Tax for Electric Cars & Charging Costs
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- čas přidán 14. 07. 2024
- The Autumn Budget has just been announced in the UK and has brought many worrying changes to EV owners and future EV owners 😱 In this video our Innovation Specialist Miles Roberts is giving you a run down of the changes and why owning an electric car COULD still be massively worth it for you. To help you understand the cost of charging more, we also compare costs of petrol to charging in this video.
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0:00 Intro
0:10 Are EVs still worth it financially after the autumn budget update?
1:21 Road Tax for EVs
2:17 Changes to company car benefits
3:08 Charging costs and comparison
6:32 Luxury car tax on EVs
7:24 Other Incentives to buy an EV
8:07 Outro
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Still diesel for me. Also not factored in is the massive depreciation of EV's.
Great video Miles, and MG4 is very competitive to Focus/Golf etc.
Great piece mate.
Why do people doing these calculations never compare the cost of LPG fueled cars? My Subaru XV gets around 7miles per litre of LPG which I buy for around 70p/litre so 10p per mile on my average trips which is far cheaper than an EV now and I can go 350 miles on a tank of gas and so I can do most trips to see friends and family without ever having to refill the gas tank. I put say half a tank of petrol in the car every three months or so as the car has to run on petrol for the first few miles to warm up before the gas comes on automatically. LPG is huge on the continent due to its very low and clean emissions. I see Dacia are offering factory fitted LPG systems in their cars in the UK now and these are being snapped up by people who want to get cheaper fuel and cleaner air. What we need to do is get smaller government with lower fuel and other taxes and then we can all be richer apart from those people supported by these present taxes on us who do nothing. All taxes are theft.
Thanks Miles, excellent explanation, really appreciate it.
In reply to Gary - My home town has 12 large wind turbines on the moors surrounding the town, so our ‘local’ electricity is both green and sustainable.
These wind turbines need conventional power to back them up as when you see them turning then on average they are producing only a quarter of their rating. The materials used in the blades cannot be recycled and will simply be buried in land fill poisoning the environment for hundreds of years to come. I have worked on some of the largest wind projects in Europe and the largest one in Scotland so believe me they are neither green nor sustainable and wherever they are used electricity prices increase rather than decrease. Denmark has most wind turbines per capita and Germany the next with the UK close behind and the more a country has per capita the higher it's electricity costs with Denmark having the most expensive electricity on the planet followed by Germany etc etc etc. Wherever massive subsidies are required as with the fraudulently named "renewables" then by definition that thing cannot be sustainable.
@@jacquelinebrunder2384spot on 👍👍
It's not about the money, will never go back to ICE
The plan is for electricity to triple in price from what it is today which is already triple what it was a year ago. Without the massive government taxes on hydrocarbons they would be less than half the cost they are today and electricity prices would also reduce without the truly massive subsidies given to completely ineffective unreliable "renewable" generation that has to be completely renewed every 15 to 20 years compared to every fifty years for conventional steam turbine driven plant that is also reliable.
amazingly enough, I live in an area where public 7 kWh chargers are still free: this is due to change shortly.
one of the main problems with EV's is not everyone can charge at home, in fact the majority cannot so cost per mile is higher, insurance cost is higher and depreciation much higher, a 2 year old ford focus costs new £25000 and is worth £20000 after 2 years, but an MG ZS EV costs £32000 new but is only worth £150000 after 2 years. Unless the government re-introduce incentives the EV ownership will stagnate
Great video. However EVs are far more expensive to purchase than I.C.E. albeit the gap closing with The Chinese coming to the market. It would be really interesting to see a 3 year total ownership comparison using maybe the two examples you used today. My bet is I.C.E. comes in way ahead. Lots of work to do that though Miles. As usual always look forward to your content.
Have you seen the new prices for standard hybrid cars, unless you've looked in the past 6 months you may need to reset your expectations. The MG4 is between £26k to £32k, the equivalent Ford Focus is from £27k to £30k with the range topping ST at £37k. Not so different now.
You haven't got the emissions coming out the exhaust but you've created emissions charging it, it's just moving the problem
Unless over 60% of electricity is generated by non-fossil means, wind, solar, nuclear and biomass. And it takes the same amount of electricity to refine petrol as it does to power an EV for the same miles.
Hi Miles just wanted to no what you think, i am on the motability and looking for electric car, i do 60 miles a day , have home charger and nighttime electric is 0.12p been looking at the MG4 and the c4 electric just do no t no witch would be best
Hi John, both are good options. Really, it comes down to which one you find most comfortable and suitable to your needs. We have both available from our dealerships, so if you're local you can try both. They have similar efficiency in real world driving, so the running costs will be similar. -Miles
@@ChorleyGroup thank you for the reply Miles
EV is not better than ICE cars.
Informative video, summing up theres no incentive/cost/savings from the goverment to go EV.. shame on them.. other European countrys still have good incentives, Uk goverment strangling EV's just when there felt like some momentum..they'll never reach there 2030 carbon target! Cheaper to hang on to my diesel despite current fuel prices.