EV depeciation is literally shocking isn’t it. My mate has the Skoda Enyaq EV SUV, which isn’t the dearest EV by a long stretch. He bought it when it was 18 months old and it had already list 20k. So far he’s had a problem with the battery and they couldn’t look at it for nearly 2 months. The nearest specialist EV main dealer is in Telford over 20 miles away, I take my ICE Skoda to the local main dealer which is 7.
Looks like the cheapest flying fridge to even consider is the base telsa model 3 at 39,995 so just under the premium car tax bracket…as long as you have it in white.
MG is the worst manufacturer for reliability according to what car
Yep. The depreciation is awful. A friend of mine works for a car leasing company and they have been caught out massively by this. The values have fallen so far that the original monthly lease prices didn’t reflect the huge price hit that the lease companies experienced on residual values.
Also, My financial guy bought a second hand F-Pace. It cost the original buyer from new £75k. He bought when it was one year old for £50k and then hated it. He tried to sell it back to the dealer 9 months later and he was offered £25k trade in ……
If he was my finacial guy I’d not trust him with my money
It’s frightening for anyone in the automotive industry, the politicians have got it totally wrong and there’s going to be some serious problems ahead for all the European car manufacturers. JLR’s switch to just EV production will either be a total success or complete disaster. My money’s on the latter
I’m hoping that your assessment on EV’s is wrong Ade. New cars do depreciate by 20% as soon as you drive of the forecourt and then generally the depreciation slows for the next couple of years.
You are always going to lose money when you come to sell or trade within a few years.
Jag’s and the top end premium cars have always dropped significantly in value for years, so I’m not sure you can generalise across all brands. Just my opinion.
Added to the depreciation problem……or perhaps causing some of the problem…
Can you imagine spending circa £100 000 and have to put up with this…
I spoke to an engineer/ mechanic who works for Porsche and he said the Taycan’s were constantly being called back for software updates. These took nearly a day to complete……
I did drive one though and it was very quick but soulless. Brutally efficient. But the driver “aids” did my head in….
It is a worry what he is pushing. I’m sure there is something in his stories, but I don’t think that the manufacturers or governments will change their strategy to move away from ICE vehicles.
I bought a hybrid last year and it does everything that my previous petrol or diesel cars could do. No queuing at public charging points or worries about journey planning. Just fill up and go.
The Hybrid is probably the best solution from a practical standpoint but the weight and complexity puts me off.
I played golf with an ex BMW quality control manager who had just retired. When he left he got the chance to purchase a BMW at a very preferential price. He could have had anything….
He bought a diesel…!
Hang on, don’t hybrid cars create fossil fuel emissions? Looks like a posh word for compromise at best. Is it really the best we can do, make electric cars practical by putting engines in them?
I’m still driving petrol, so what do I know, but I think EV’s are still in the late stages of the “early adopters” situation, whereby they are still expensive, still improving, still changing and so get a lot of unfavourable press. As the tech stabilises and recharging becomes easier/more available, I’m sure they will become a workable alternative to our favourite propulsion method… petrol!
My daughter in NZ has an MG ZS EV (yes, the one What Car say is the least reliable, but who really believes anything What Car comes up with!) - hers has been totally reliable, easy to charge at home, at work, at the supermarket, and I’ve driven it when I visited earlier this year… it’s a nicely finished enjoyable car to drive. Quiet and quite fast too, especially in Sport mode.
Plug-in hybrids are an OK compromise as long as you plug them in, otherwise you are just karting around a heavy battery in your petrol car.
Hybrids are (I suspect) a compromise which suits a lot of people just now and gets round the EV company car/sales percentage ‘rules’, but it’s still a petrol car really.
You are correct, however a lot less than a standard ICE car, so a great compromise until the infrastructure is fully in place to support fully electric cars.
