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NEW! How to SAVE THOUSANDS on an electric car – electric car grant explained | What Car?

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Comments

36 responses to “NEW! How to SAVE THOUSANDS on an electric car – electric car grant explained | What Car?”

  1. @peterpan6821 Avatar
    @peterpan6821

    Bribe – dishonestly persuade (someone) to act in one’s favour by a gift of money or other inducement

    Reply
    1. @jamesstanley7263 Avatar
      @jamesstanley7263

      There’s nothing dishonest about it, but keep on drinking the Kool-aid 👍

      Reply
    2. @ISuperTed Avatar
      @ISuperTed

      What are the existing thousands of pounds of discounts on all cars including petrol then? They’re trying to ‘persuade’ you to buy their car even without grants.

      Reply
    3. @jamesstanley7263 Avatar
      @jamesstanley7263

      @@ISuperTedSo? How is that “dishonest”?

      Reply
    4. @ISuperTed Avatar
      @ISuperTed

      @@jamesstanley7263Exactly, it’s not.

      Reply
  2. @ISuperTed Avatar
    @ISuperTed

    Except you won’t really save much at all as a private buyer. Makers/dealers will ‘adjust’ their existing discounts/cheap finance so the end price will be very similar to the customer. This always happens with grants, always will.

    Reply
    1. @alfrredd Avatar
      @alfrredd

      it’s taxpayer money going directly into CEO’s pockets.

      Reply
  3. @marcusskyfall Avatar
    @marcusskyfall

    Why give a grant? Thought they were flying off the shelves…🤔

    Reply
    1. @Dan-w3m Avatar
      @Dan-w3m

      EV and PHEV sales are growing diesel and petrol sales are declining.

      Reply
    2. @stevenham1937 Avatar
      @stevenham1937

      @@Dan-w3m so why does it need a grant? Could it be some of those sales are dealers and car makers buying them to hit targets and avoid huge fines? If you look at the sales breakdowns they do seem to suddenly jump at end of reporting periods.

      Reply
    3. @Dan-w3m Avatar
      @Dan-w3m

      @@stevenham1937for the same reason there’s grants for boiler and insulation upgrades, to reduce pollution. Why do BP and Shell get billions of pounds a year in tax cuts when petrol sells so well?

      Reply
  4. @Shaggy12321 Avatar
    @Shaggy12321

    How to save money buying any Car:
    Buy a used EV. Simple as that.

    Just as a comparison:

    2023 Mercedes EQC 400 
    List price: £85,000
    2025 Price: £27,000
    403bhp
    £5 per 250 miles
    Service every 2 years
    Tax £0
    Will just work, little to nothing will go wrong
    Costs less to insure
    Is significantly comfier, better tech, faster in real world driving etc.

    2023 Mercedes GLC 43
    List price:£79,000
    2025 Price: £54,000
    415bhp
    £50 per 250 miles
    Service every 1 year
    Tax £580

    Not just those two, but compare the Panamera vs Taycan, Audi Q8 vs Q8 E tron etc…

    If you drive <150 miles per day, and have a house with off-road parking, and you’re NOT buying a used EV, then you’re doing it all wrong

    Reply
    1. @malph9216 Avatar
      @malph9216

      In a couple of years your, now third hand, EQC will be worth about £10k, if you’re lucky. Depreciation on EVs doesn’t stop and they’re just not somewhere I would put my own money.

      Reply
    2. @stevenham1937 Avatar
      @stevenham1937

      Tax isn’t £0 on an EQC anymore is it? It’s £195 now isn’t it? It’s still probably cheaper but probably not as cheap as you’ve laid out as a well serviced and speced GLC43 from 2021 can go for £44-45k still and an EQC will likely be worth £8-10k at most.

      Reply
    3. @Shaggy12321 Avatar
      @Shaggy12321

      ​@@malph9216 That’s not accurate.

      The market took a significant hit due to the 2019–2020 EV boom. At the time, there were generous government incentives: grants for new EVs, free public charging, free home charger installations, £0 road tax, and more.

      Despite these incentives, EVs were still too expensive for most people to buy outright. As a result, many individuals and businesses opted to lease them instead. Fast forward to 2022–2023, and a large number of these leased vehicles hit the used market all at once as leases ended.

      By then, most of the original incentives had been removed, and EVs remained relatively expensive. Combined with a lack of public education and ongoing fear-mongering about EV ownership, demand dropped sharply. This oversupply with low demand caused prices to plummet.

      That major depreciation has already happened. While values will continue to decline over time—as with any vehicle—it will now happen much more gradually.

      Used EV’s are the bargain of the decade, if not the century at the moment.

      Reply
    4. @Adam-pt3cb Avatar
      @Adam-pt3cb

      @malph9216 your claims here just aren’t correct. After the first 2 years EVs follow a very similar depreciation pattern to ICE cars. There is a lot of data available to back this up. And in fact we can look at 5 year old EQCs and see that they’re retailing for about £25k. Which for a car that was known for being a bit pants is about right and lives up with expected depreciation curves for all cars.

      Reply
    5. @user-cv3px1jq5x Avatar
      @user-cv3px1jq5x

      @@Shaggy12321 Bang on with that, that’s pretty much my experience from getting my ev like 18months ago, cost me a 10th to run/service/fuel that my old petrol bmw 320i did. It’s refreshing to see someone that actually knows from experience and not these others down-talking EV’s from their uneducated ‘opinions’ 😂

      Reply
  5. @stevenham1937 Avatar
    @stevenham1937

    I never buy new. I always get pre reg or nearly new so I was interested in how this equates to the grant vs those cars. I looked up the first he spoke about here the Cupra Born and they’re already listing them with £11k+ discounts so it makes no sense to go the new and grant route. The Ford puma Gen E can be found nearly new at £2k+ less than new with all grants already applied. If cars are coming with 100k, 8 year battery warranties it makes no sense to buy them new even with a grant when you can get one for 1000’s less that’s 6 months to a year old and still has that much security.

    Reply
  6. @TruthTeller-100 Avatar
    @TruthTeller-100

    What Liebour have screwed this up too!

    Reply
  7. @retroonhisbikes Avatar
    @retroonhisbikes

    Why should us tax payers pay for your new ev. A car you’ll soon learn to hate – remember you can only use 60% of the battery safely, you not be able to drive at motorway speeds, running costs will be higher than a diesel. Second hand value near zero. When the battery fails you may be locked inside. You’ve been warned.

    Reply
    1. @dannyseville2543 Avatar
      @dannyseville2543

      Please tell me this is sarcasm?

      Reply
  8. @mikadavies660 Avatar
    @mikadavies660

    I own a very clean second hand BEV because it fits our family needs and budget. However, I think that “grants” on new cars are a dreadful move. The Government should not be wasting tax money to bribe people to buy a new BEV. You should buy it because it fits not because of a few £ off. Which will for sure cost the Government double to miss-manage it.

    Reply
  9. @hughjanus7354 Avatar
    @hughjanus7354

    Great news for the dealers and car manufactures, helping them raise the prices further. WELL DONE GUYS!

    Reply
    1. @wileywilson Avatar
      @wileywilson

      Yep. Just seen a brand new Renault 5 E-Tech electric on Autotrader. Dealer has put the car up £1700 from it’s initial list price. Lol.

      Reply
    2. @hughjanus7354 Avatar
      @hughjanus7354

      @@wileywilson It’s not like we’ve not been through this before, eh? Every time there’s a government “contribution” prices go up by as much or more – and it’s not limited to just cars.

      Reply
  10. @petersafwat8228 Avatar
    @petersafwat8228

    EV sales about to flop harder when dealers and manufacturers raise prices…also no good evs are at the price point given so no worries everything stays the same

    Reply
  11. @auditingabdoool3217 Avatar
    @auditingabdoool3217

    Good news my backside. No one GAF about golfcarts

    Reply
  12. @pip5461 Avatar
    @pip5461

    Most interesting…

    Reply
  13. @jillparton3008 Avatar
    @jillparton3008

    I collected my Puma GEN-E on Friday morning. It took 10 working days to authorise the grant but £3750 was taken off the price of the car, making it cheaper than the equivalent mhev. Ford are also including free home charger. Perfect timing for me to be buying a new car 🙂

    Reply
  14. @XxThEoNlYgAmErxX Avatar
    @XxThEoNlYgAmErxX

    I think if it’s advertised and announced clearly this is exactly the type of grant that the government should be providing. It’s the right way to incentivise clean manufacturing and levels the playfield against china’s extremely cheap and extremely CO2 intensive manufacturing

    Reply
  15. @wileywilson Avatar
    @wileywilson

    For us, a new or second hand EV simply doesn’t make economic sense. Last year, I bought a 2nd hand, 4 seat, 12 year old diesel for £2000. Cheap to insure. Cheap to tax. Cheap to run.

    Reply
  16. @davidmunro5577 Avatar
    @davidmunro5577

    You forgot about the Hyundai Inster also at £3750.

    Reply
  17. @TheBlitzsnake Avatar
    @TheBlitzsnake

    I would suggest waiting for Leaf for anyone considering buying a new EV. It seems to be unbeatable in value and seems to be eligible for the full benefits. The American testers are gushing all over it. If it’s priced as competitively as in US, and with this benefit, it becomes unbeatable value even compared to the used market.

    Reply
  18. @stevenjones916 Avatar
    @stevenjones916

    *The manufacturers were already offering even bigger reductions, so the government is using taxpayers money to subsidize their subsidies.*

    Reply
  19. @stevenjones916 Avatar
    @stevenjones916

    *Surely all French made cars should get the max subsidy because of France’s nuclear powered national grid ?*

    Reply
  20. @stevenjones916 Avatar
    @stevenjones916

    The electric Fords get the full grant because the powertrains are manufactured in Britain, don’t kid yourself. They are shipped to Romania, installed into the vehicles, the vehicles are then shipped back to Britain to be sold. It is a bit of a joke, frankly.

    Reply

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