EV general discussion

lordrobs said:
Honestly, if you don't need to stress about adding range then an Octopus IGO compatible car (as yours will be) plus a 3 pin charger seems like the perfect combo if you spend a chunk of time at home anyway.

Request your charge level, shrug at the fact it'll take almost all day to get there then be happy that your electricity rate is lower during the iGO schedule.

Hopefully someone can confirm the above as my plan to do just that never came to fruition because of my poor company car budget.
Click to expand...
Thanks for your reply, I already have octopus intelligent go but on the two occasions it was supposed to charge it failed, see back in this thread for my posts on this. So one of the reasons I was was looking at wall chargers was in the hope they have better interaction.
 
Last edited:
tom_e said:
It's exactly why I switched four figure savings a year aren't to be sniffed at
Click to expand...
Are the savings really significant compared to the cost of depreciation? Im looking at a used tesla model Y but primarily it's for boot space, room for car seats and being quick tbh

I guess it depends on if you currently run an older car and the overall mileage you do! For me I do 6 to 8k I think.

Doesn't help tesla insurance is expensive!
 
Last edited:
Buffman said:
Are the savings really significant compared to the cost of depreciation? Im looking at a used tesla model Y but primarily it's for boot space, room for car seats and being quick tbh

I guess it depends on if you currently run an older car and the overall mileage you do! For me I do 6 to 8k I think.

Doesn't help tesla insurance is expensive!
Click to expand...

So buy the cheapest highest mileage Model Y you can find, then it can't really depreciate as quickly or as much.

£19..9k with nice blue paint and white interior.

Auto Trader UK - New and Used Cars For Sale

Find your next car with Auto Trader UK, the official #1 site to buy and sell new and used cars. Over 400,000 cars online. Simple, easy, quick!
www.autotrader.co.uk www.autotrader.co.uk
 
Last edited:
Buffman said:
Are the savings really significant compared to the cost of depreciation? Im looking at a used tesla model Y but primarily it's for boot space, room for car seats and being quick tbh

I guess it depends on if you currently run an older car and the overall mileage you do! For me I do 6 to 8k I think.

Doesn't help tesla insurance is expensive!
Click to expand...


Depreciation is mainly high because of the company car incentives.

The huge expansion of ‘company car’ schemes mean the kinds of people who would normally buy a 3 year old car are instead getting a discount on a brand new one which makes the monthly’s lower.

Used EV prices are lower than they naturally would as a consequence.

If you are buying a 3 year old used EV, the major depreciation hit is already done and subsequent depreciation is more normal.
 
b0rn2sk8 said:
Depreciation is mainly high because of the company car incentives.

The huge expansion of ‘company car’ schemes mean the kinds of people who would normally buy a 3 year old car are instead getting a discount on a brand new one which makes the monthly’s lower.

Used EV prices are lower than they naturally would as a consequence.

If you are buying a 3 year old used EV, the major depreciation hit is already done and subsequent depreciation is more normal.
Click to expand...
Quite, I paid £43k for my i4 that had a list price when new of £72k. It was first registered in Oct 2024...
 
Journey said:
So buy the cheapest highest mileage Model Y you can find, then it can't really depreciate as quickly or as much.

£19..9k with nice blue paint and white interior.

Auto Trader UK - New and Used Cars For Sale

Find your next car with Auto Trader UK, the official #1 site to buy and sell new and used cars. Over 400,000 cars online. Simple, easy, quick!
www.autotrader.co.uk www.autotrader.co.uk
Click to expand...

I think I'd rather pay a little more, for less miles, cant be bothered with any maintenance issues (suspension etc..).

A I right in saying teslas have a 4 year warranty anyways plus 8 years/100k on the battery?

Also need a black interior (kids/dog) but thanks for the option!

b0rn2sk8 said:
Depreciation is mainly high because of the company car incentives.

The huge expansion of ‘company car’ schemes mean the kinds of people who would normally buy a 3 year old car are instead getting a discount on a brand new one which makes the monthly’s lower.

Used EV prices are lower than they naturally would as a consequence.

If you are buying a 3 year old used EV, the major depreciation hit is already done and subsequent depreciation is more normal.
Click to expand...
Ah yeah that's why I'll be looking at circa 3 year old vehicles. Sadly no company car schemes for me!
 
Buffman said:
I think I'd rather pay a little more, for less miles, cant be bothered with any maintenance issues (suspension etc..).

A I right in saying teslas have a 4 year warranty anyways plus 8 years/100k on the battery?

Also need a black interior (kids/dog) but thanks for the option!


Ah yeah that's why I'll be looking at circa 3 year old vehicles. Sadly no company car schemes for me!
Click to expand...

The warrenty is 4 years on all cars.

The milage depends on the battery installed. Long range is 120k (AWD and RWD), standard range (all are RWD) is 100k.
Edit: the vehicle warrenty is 4 years 60k

The battery is 8 years and 120k for long range and 100k for standard range.

If you are buying used at 3 years old and low milage, it should have full warrenty and will cover any worn suspension bits (which are also pretty cheap out of warrenty when that day comes).
 
Last edited:
jpaul said:
maybe diagro knows better but 4mm2 cable would do 30m (what do you think the distance is) with a 6KW charge rate and < 5% IR drop https://armouredcable.net
that might be good enough for you (e: would for me
Click to expand...

CAUTION
USERBASE
ignore this poor advice. It’s not qualified or appropriate for diversity of a charge at 100% duty of hours.

The electrician fitting it wouldn’t do it anyway.
 
Last edited:
b0rn2sk8 said:
What did the electrician say?
Click to expand...

Definitely worth getting someone qualified - when I was looking at getting a supplemental EV ages back the supposed 32amp suitable circuit out to where I wanted to charge... total cowboy job by whoever did it (way before we lived here) - probably would have caught fire :s given it had been signed off as well someone(s) needed slapping around the head.

I believe the previous owner were using it for "shore power" to their camper as well - goodness knows how they didn't have a problem.
 
Last edited:
b0rn2sk8 said:
Depreciation is mainly high because of the company car incentives.

The huge expansion of ‘company car’ schemes mean the kinds of people who would normally buy a 3 year old car are instead getting a discount on a brand new one which makes the monthly’s lower.

Used EV prices are lower than they naturally would as a consequence.

If you are buying a 3 year old used EV, the major depreciation hit is already done and subsequent depreciation is more normal.
Click to expand...
I'd be interested to know what proportion of the UK are actually able to access salary sacrifice schemes with their employers? 60% of people work for SMEs so you can pretty much write the majority of them off for a start.

The awkward truth is that on the whole people aren't keen to part with their own money for an EV at the moment. At the new end this doesn't matter as BIK savings make it an attractive proposition for fleets, user chooser company car drivers and salary sacrifice. The problem is that there isn't enough demand when they hit the used market, that's why the depreciation is high.

It's not that dissimilar from twenty years ago when the default company car was a Mondeo. The used market got flooded and supply exceeded demand so the prices had to fall accordingly.

Likewise back then it meant you could pick up a decent 3 year old rep mobile for peanuts, the same is true for some cracking EVs now.
 
Buffman said:
Are the savings really significant compared to the cost of depreciation? Im looking at a used tesla model Y but primarily it's for boot space, room for car seats and being quick tbh

I guess it depends on if you currently run an older car and the overall mileage you do! For me I do 6 to 8k I think.

Doesn't help tesla insurance is expensive!
Click to expand...
I do circa 20k miles a year, my MG has already depreciated by around 50% when I bought it.

The Ibiza it replaced had 16k miles on it already so in another 4 years it would have been a 100k+ mile car and worth maybe £7k based on current AT prices so would have cost me £19k once you take that £7k off plus £10k extra in fuel and another £1.5k (very low side) in servicing/maintenance.

Call it a nice round £32k, the MG cost £16.5k to buy, will cost £2k (very top end) in electric and £1k for a service plan.

So overall even if it's worth nothing at the end I'm still approx. £10k up.

Very rough sums, I've not had coffee yet so maybe some errors and all values based on current prices.
 
tom_e said:
I do circa 20k miles a year, my MG has already depreciated by around 50% when I bought it.

The Ibiza it replaced had 16k miles on it already so in another 4 years it would have been a 100k+ mile car and worth maybe £7k based on current AT prices so would have cost me £19k once you take that £7k off plus £10k extra in fuel and another £1.5k (very low side) in servicing/maintenance.

Call it a nice round £32k, the MG cost £16.5k to buy, will cost £2k (very top end) in electric and £1k for a service plan.

So overall even if it's worth nothing at the end I'm still approx. £10k up.

Very rough sums, I've not had coffee yet so maybe some errors and all values based on current prices.
Click to expand...
I guess the only other thing to consider is that electric unit rates go up for daytime use if you have an EV? IE 7p at night but I think most tend to go higher than 25p for daytime? I'm currrently on a standard britishgas variable so wondering what to change to? I think i heard one of them (ovo?) had a decent daytime rate plus a night time rate


Also for chargers any thoughts on the below shortlist?

Simpson and Partner EV Chargers | The benchmark in EV charging

Ultimate performance, intelligence and timeless craftsmanship. Built to last a lifetime and Octopus Intelligent GO compatibility.
simpson-partners.com simpson-partners.com

https://www.hypervolt.co.uk/

https://andersen-ev.com/pages/andersen-quartz

It sounds like hypervolt is pretty good but not sure if I'd rather something a bit more muted design wise.
 
Buffman said:
I guess the only other thing to consider is that electric unit rates go up for daytime use if you have an EV? IE 7p at night but I think most tend to go higher than 25p for daytime? I'm currrently on a standard britishgas variable so wondering what to change to? I think i heard one of them (ovo?) had a decent daytime rate plus a night time rate


Also for chargers any thoughts on the below shortlist?

Simpson and Partner EV Chargers | The benchmark in EV charging

Ultimate performance, intelligence and timeless craftsmanship. Built to last a lifetime and Octopus Intelligent GO compatibility.
simpson-partners.com simpson-partners.com

https://www.hypervolt.co.uk/

https://andersen-ev.com/pages/andersen-quartz

It sounds like hypervolt is pretty good but not sure if I'd rather something a bit more muted design wise.
Click to expand...

I’m on Octopus Go - 25p in the day and 7p overnight.
 
Buffman said:
I guess the only other thing to consider is that electric unit rates go up for daytime use if you have an EV? IE 7p at night but I think most tend to go higher than 25p for daytime? I'm currrently on a standard britishgas variable so wondering what to change to? I think i heard one of them (ovo?) had a decent daytime rate plus a night time rate


Also for chargers any thoughts on the below shortlist?

Simpson and Partner EV Chargers | The benchmark in EV charging

Ultimate performance, intelligence and timeless craftsmanship. Built to last a lifetime and Octopus Intelligent GO compatibility.
simpson-partners.com simpson-partners.com

https://www.hypervolt.co.uk/

https://andersen-ev.com/pages/andersen-quartz

It sounds like hypervolt is pretty good but not sure if I'd rather something a bit more muted design wise.
Click to expand...
I'm on the Octopus IG so the car will only ever charge at 7p regardless of when it's charging, alongside that the rest of the house gets the 7p rate when it's charging as well so in theory there could be quite a saving overall on electric depending on when I get the charging slots.
 
lordrobs said:
I'd be interested to know what proportion of the UK are actually able to access salary sacrifice schemes with their employers? 60% of people work for SMEs so you can pretty much write the majority of them off for a start.

The awkward truth is that on the whole people aren't keen to part with their own money for an EV at the moment. At the new end this doesn't matter as BIK savings make it an attractive proposition for fleets, user chooser company car drivers and salary sacrifice. The problem is that there isn't enough demand when they hit the used market, that's why the depreciation is high.

It's not that dissimilar from twenty years ago when the default company car was a Mondeo. The used market got flooded and supply exceeded demand so the prices had to fall accordingly.

Likewise back then it meant you could pick up a decent 3 year old rep mobile for peanuts, the same is true for some cracking EVs now.
Click to expand...
That 60% of SME can access salary sacrifice company car schemes and many of them do. All the big scheme providers target these businesses and have products available for them.

Likewise that number is massively skewed by owner operated businesses (e.g. one man bands who have incorporated) and they directly benefit from a 100% first year writing down allowance against their corporation tax on top of the BIK savings. Finance is also readily available for direct purchases.

It’s hard to ignore these kind of savings if you can access them and it’s normal for you to buy and run sub-5 year old cars.

Like I said, why buy a 1-4 year old car when you can buy a new one for less or not that much more money. The best example of this is the Porsche Tycan and the impact on used prices.

The kinds of people that are happy to pay the price to run a used Porsche are the kinds of people who can afford to lease (or company purchase) a brand new one. Hence used prices are significantly below what you’d expect for a 2-4 year old example. There is nothing wrong with the car, they are great but why would you buy an out of warranty used one when a new one is very affordable in comparison.

The same is very much true for cheaper vehicles, just to a lesser extent.

Unrealistic list prices are also playing into these ‘fantasy’ depreciation figures. The gap between the list price and the actual selling price is massive for some manufacturers at the moment. If you can get a £10k discount on something you are handing over £18-20k for, the product was never worth £28k-£30k in the first place.
 
lordrobs said:
I'd be interested to know what proportion of the UK are actually able to access salary sacrifice schemes with their employers? 60% of people work for SMEs so you can pretty much write the majority of them off for a start.
Click to expand...
still 2/3 of ev's sold in fleet which speaks volumes about the value under bik scheme,
equally those consumers don't see the deductions from RRP payed by the lease companies, just a pity for them that 2nd hand private market demand wasn't their at those RRP prices, hence the depreciation.
 
You must log in or register to reply here.
Back
Top Bottom