The EV fact thread

[Petrol Pete]

They were 'registered' but were they sold ?

There is a filthy rumour going around (allegedly your honour) that a manufacturer of German EV sports cars whose name kind of rhymes with 'horse' are registerning brand new cars (who's model name rhymes with '$hitcan' ) and selling them at a discount as used, therby destroying the value of used models .

The rumour does not stop with horse. The allegation (your honour) is that these companies have to move a certain number of EV' to qualify for the massive government subsidies in their country. Not a proven fact I will add.

But this is the EV fact thread , an I am the OP ! so I will leave it there

 

[markjay]

They were 'registered' but were they sold ?

There is a filthy rumour going around (allegedly your honour) that a manufacturer of German EV sports cars whose name kind of rhymes with 'horse' are registerning brand new cars (who's model name rhymes with '$hitcan' ) and selling them at a discount as used, therby destroying the value of used models .

The rumour does not stop with horse. The allegation (your honour) is that these companies have to move a certain number of EV' to qualify for the massive government subsidies in their country. Not a proven fact I will add.

But this is the EV fact thread , an I am the OP ! so I will leave it there

Ha ha back to the good old days.

I remember when everyone used to do this... dealers had car parks full of pre-registered cars going for cheap.

I thought this practice has disappeared given that new cars were in short supply in recent years, but I guess that 'horse' have resurrected it.

 

[ALFAitalia]

I don't think it ever stopped except during the COVID/supply issue times. We used to do it at dealer level sometimes......a few here and there to make quarterly target etc...they soon add up. Sometimes VAG would chuck in extra margin to help us sell the pre reg ones.....like they did when we registered cars as demos.

 

[BTB 500]

I remember when everyone used to do this... dealers had car parks full of pre-registered cars going for cheap.

Yep 20 years ago I bought I 'used' car from a Honda dealership with something like 2 miles on the clock.

 

[190]

The government targets for EV market share guarantee that pre-registration will be back big time. The incentive is a £15,000 fine for every non compliant vehicle. Vans are a mere £9000 but in 2 years that doubles to £18,000.

If the public wont buy the EV's in the mandated quantity then manufacturers will have to produce less and there will be a shortage of all types of vehicles. If I was being cynical I'd predict that the manufacturers will engineer a very severe shortage of cars and vans in order to keep profit margins high. Who knows how bad the outcome of political meddling in the market place might be.

While we are on facts, EV registrations may have surpassed diesel but they are still only half of petrol.

 

[markjay]

...If I was being cynical I'd predict that the manufacturers will engineer a very severe shortage of cars and vans in order to keep profit margins high....

That would not be easy for European car manufacturers to do, because they are being squeezed themselves by EU regulations to reduce the CO2 output of their products. And, reducing turnover isn't a good thing for any corporation, even if margins go up (long story).

 

[Connoisseur]

While we are on facts, EV registrations may have surpassed diesel but they are still only half of petrol.

Agreed, which is what happens with all new products in their early days. Diesel is the low hanging fruit, and petrol is only a matter of time. If we left rigging the market to just car makers then nothing apart from price increases would change. That’s where we need Govt intervention, which is already having the desired impacts. The anti-environment clean up UK Govt has no say because we are just a tiny part of the European market. Now merely a rule taker, no longer a rule maker….

 

[Dryce]

Tide turning? v2. In a first, EV new car registrations surpass diesel in Europe

Judging by the lease offers popping into our company mailbox I'd say the pricing on some models means if we had a need for a small van or car as a local runabout it would be viable - possibly quite attractive with some usage patterns - to go the EV route.

 

[markjay]

Judging by the lease offers popping into our company mailbox I'd say the pricing on some models means if we had a need for a small van or car as a local runabout it would be viable - possibly quite attractive with some usage patterns - to go the EV route.

It's not just the usage pattern... EVs attract far less tax and other running costs (electricity, servicing, VED) for businesses, and so getting one on a lease makes sense financially beyond the usage pattern. Addison Lee went all-electric last year, as well as most vans operated by national commercial organisations (Amazon, Tesco, Royal Mail, UPS, Openreeach, etc). As long as the EV can do the mileage, it will be cheaper for a business than an ICE equivalent.

 

[Dryce]

Addison Lee went all-electric last yea

Not in our area.

 

[ALFAitalia]

It's not just the usage pattern... EVs attract far less tax and other running costs (electricity, servicing, VED) for businesses, and so getting one on a lease makes sense financially beyond the usage pattern. Addison Lee went all-electric last year, as well as most vans operated by national commercial organisations (Amazon, Tesco, Royal Mail, UPS, Openreeach, etc). As long as the EV can do the mileage, it will be cheaper for a business than an ICE equivalent.

From 1 April 2025, electric vehicles will need to pay for VED – road tax.....

 

[clk320x]

From 1 April 2025, electric vehicles will need to pay for VED – road tax.....

So still another 1.5 years of savings at the least…

 

[SmartAmg]

From 1 April 2025, electric vehicles will need to pay for VED – road tax.....

Just those registered from April
1st 2025 or all EVs ?

 

[markjay]

Not in our area.

Maybe it's only in London:

ALtogether ElectricAL

Dear all, With the government’s pledge to be a net zero economy by 2050, COP26 a matter of weeks away and more cars on the road as we start the economic

www.addisonlee.com

 

[markjay]

From 1 April 2025, electric vehicles will need to pay for VED – road tax.....

But still no fuel duty (or the equivalent of) on electricity.... and little or no servicing costs.

 

[Dryce]

So still another 1.5 years of savings at the least…

Or ..... 1.5 years of unfair subsidy at the least.

However - Looking at the more aggressive Nissan van lease pricing offers arriving at our company then for some companies that would have a small van (or vans) doing a few short runs per day the costs of the EV van could work out nicely - and if on a business park with local charging it in its carparks then could be easier and more convenient than diverting to a traditional filling station.

 

[clk320x]

unfair subsidy

 

[markjay]

....in a business park with local charging it in its carparks then could be easier and more convenient than diverting to a traditional filling station....

Oooh that's blasphemy for some...

 

[Fastcar155]

When I worked 6-2 and 2-10 up in Grimsby, we weren't given company vehicles to get to get us to and from work. Why would fish packers be given vans or cars?

The van drivers who worked for me in Twickenham weren't even allowed to take their vehicles home, nor is my "current' postman.

If an employee uses a diesel work van for personal use, HMRC will charge him BIK of £3960 for the van and £753 for the fuel. The employee pays tax on that at his marginal rate.

He might evade it, but he'll be prosecuted when they find out.

By having an EV van, not only does the Employer save a shedload worth of tax, but so does the employee.

Here's the Inland Revenue note on how Company Vans are tax-free for the Employee: Income Tax: van benefit charge and fuel benefit charges for cars and vans from 6 April 2023

Having worked in more than a dozen factories - at every level from production line up, run a fleet of several hundred company cars, and managed the UK distribution operation for a large computer manufacturer, I know how workers get to work, how people use company vehicles, and how the tax system works.

Hi , our postie brings his van home and many others are parked on local car parks.

 

[Dryce]

Oooh that's blasphemy for some...

Our multi-occupancy office building has an array of shiny new charging stations that have been there for two or three months and I have not seen used even once.

OTOH I was on a client site a while back and they were charging EVs in the car park ....... turned out on that occasion the nice busy shiny new charging stations were attached to a diesel generator. Corporate HQ presumably demanded all locations have the facility - even if it wasn't actually practical to connect up to the grid. I'm not sure whether that was blasphemy or hypocrisy.