EV general discussion

I am at the top of an 8a and salary sacrifice just about makes sense to me from the tax side of things. I tell the lower grades in my team to not even consider it, but all they see is “shiny new car” for three hundred quid a month.

So I get where people don’t look at the whole picture when they go on it. But the same applies for people simply highlighting the (admittedly many) negatives.

I got three leases on the NHS salary sacrifice but two of them were when used car prices went absolutely nuts in 2021 - 2023. Now when my wife’s C40 lease ends I have to explains why I am reluctant to get another one.
 
b0rn2sk8 said:
Do they still cover a proportion of the gross cost of you are mobile or community based?

It could make sense if you are in that camp.
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Not that i'm aware of, however you can still claim mileage for using the car on trust business.
 
Thank you all for your really insightful comments. It’s really helpful to have balance to this argument.

I have considered second hand, my concern with EVs is that technology is moving quite rapidly and a 3 year old car isn’t always going to be as up to date. Anything is going to feel like a different universe from our current car and we do really need to move on.

For context, our Sportage which was out of date when we bought it, has cost us £100 per month in depreciation. Possibly less if someone gives us a few quid to take it away. With no major mechanical issues to report it’s been remarkably cheap motoring.

Edit - I would not be using the car on trust business so not a consideration for me.
 
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Reading all this makes me grateful that I earn bugger all and have a company car that only costs me £70 a month in tax. :p

Not sure I have enough capacity in my head to add in a game of hide and seek with HMRC!

Edit - I wouldn't worry about an EV being out of date at any point. They are too established now for there to be anything game changing that will cause you problems. Chademo is the only technology that has been surpassed in such a way that it makes the car any less usable.
 
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It’s only a NHS thing tbh. For most people the cost is gross then your tax band impacts the net.
 
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Can you not just add extra contributions to your pension? Or is that not allowed on the NHS?
 
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indeed but the pension impact should be considered and not sure everyone knows if it impacts and if so, by how much.

And don’t forget £66 month less on pension now will be a bigger number at retirement. Assuming inflation linked and salary rises
 
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Demon said:
Can you not just add extra contributions to your pension? Or is that not allowed on the NHS?
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Yes, you can contribute to other types of pension provided by the NHS, just not into your main pension. (My understanding of this but i'm not a financial adviser!)
 
Honestly, the myth about 3 year old EVs being outdated hasn’t been true since 2019.

The next big advance in EV tech will be solid state batteries and they are about 7 years from mainstream. Yes we will see some high priced early adopter models in 3 years but not on mainstream EVs.

Even then a 10 year old EV with 85% battery SoH and at least 220 summer and 180 winter miles of range will not be worthless.
 
Case in point, a 2 year old EV9 is basically the same car you can buy today brand new.

The only thing you’ll get from a newer EVs is slightly more range for the same/less cost and a faster charging speed.

All the step changes have come in already, we are very much into marginal gain land. While some of the margins are still nice (e.g. charging speeds increasing), the impact on day to day usage is tiny.
 
utajoker said:
I've gone for a Renault 5 tecnho, I should be able to charge it at work 100% of the time but just incase I will pick up a 3pin charger. Any particular brand to go for?
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Great choice, I've got a midnight blue Iconic. :)

I've got the Masterplug 3-pin charger, only used it a few times when visiting my parents but it works great and the display on the front was neat for checking charging stats and the temperature of the unit. I got mine for about £90 on offer.
 
tom_nieto said:
I have considered second hand, my concern with EVs is that technology is moving quite rapidly and a 3 year old car isn’t always going to be as up to date. Anything is going to feel like a different universe from our current car and we do really need to move on.
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I've just bought a used 2022 model 3, 2 months ago.
Yes it's the non-highland version, but having test driven a highland model 3. I can't see what I'm missing out.
Done a few long trips and the supercharging process is painless too!
 
you have the warranty too with newer ev - which will be a red-flag for chinese ev's until they have servicing capability in the UK (polestar too ...)

If indeed, the parts themselves, and s/w upgrades are available economically, longer term; all manifests as part of the depreciation and insurance costs.

BYD garages springing up though.
 
jpaul said:
you have the warranty too with newer ev - which will be a red-flag for chinese ev's until they have servicing capability in the UK (polestar too ...)

If indeed, the parts themselves, and s/w upgrades are available economically, longer term; all manifests as part of the depreciation and insurance costs.

BYD garages springing up though.
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Polestar are managed by Volvo - the P2 is literally kitbashed together from the XC40 parts bin.
 
ICDP said:
Honestly, the myth about 3 year old EVs being outdated hasn’t been true since 2019.

The next big advance in EV tech will be solid state batteries and they are about 7 years from mainstream. Yes we will see some high priced early adopter models in 3 years but not on mainstream EVs.

Even then a 10 year old EV with 85% battery SoH and at least 220 summer and 180 winter miles of range will not be worthless.
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Yup! Not sure what a brand new EV would give me over my 2020 Niro (which is basically the same car that came out in late 2018/early 2019)?

Faster charging is probably the only thing worth considering, and maybe a marginal increase in efficiency?
 
Haggisman said:
Yup! Not sure what a brand new EV would give me over my 2020 Niro (which is basically the same car that came out in late 2018/early 2019)?

Faster charging is probably the only thing worth considering, and maybe a marginal increase in efficiency?
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Agreed. It seems the magical slightly sub 30 minute rapid charging from 10-80% is the aim for even new EVs. Even then that is only under ideal conditions.

Even used EV prices are much more in line with ICE. Once you have that 1 year serious depreciation, the used prices tend to stabilise.
 
A second hand EV seems a solid play these days, Im coming to the end of my lease deal next year and wondering whether to go second hand instead of a new lease.
 
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