ravjeff
Club Regular
Posts: 754
Location: New Zealand
Primary Vehicle: RAV4
Model Spec/Trim: GLX
Engine Capacity: 2.5L
Fuel Type: Petrol
Transmission: Automatic
Drive Type: 4WD/AWD
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Post by ravjeff on Oct 9, 2024 2:27:29 GMT
UPDATE:_
Hi All,
I offer my humble apologises but for some reason the man at TK's Garage has removed
his video where HE posted the story about the U.S. Insurance companies. He usually
posts genuine information so why it has gone I only have a theory I have no facts as to
why...sorry.
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Post by davrav on Oct 9, 2024 8:43:36 GMT
Can’t view video but I can guess as to the content.
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Post by philip42h on Oct 9, 2024 8:59:23 GMT
I assume that you are referring to EVs specifically? An EV will cost somewhere between 3p and 9p per mile to run if you can recharge at home - depending on your tariff - but up to around 27p per mile if you need to use public rapid chargers. My RAV4 hybrid costs between 12p and 16p per mile to run depending on the price of fuel - so on local journeys the EV will win; on long journeys the hybrid will win. (An ICE is around 20% more expensive again.) In actual "pence per mile", there not much in it - it will depend on your circumstances and journey profile. Insurance isn't really an issue - prices are largely comparable. EVs are more expensive to buy, more expensive to replace and so cost a little more to insure - but not enough to really matter. EVs are cheaper to service - 'cos there are fewer oily parts to take care of / replace. There are significant tax breaks for those who run EVs as a company car or as a business lease. Folk in that position would be 'mad' not to take advantage of them while they still can. The real cost of ownership to a private buyer is depreciation. EVs start out very expensive and depreciate appallingly (largely because they are overtaken by newer technologies). The cost of depreciation dwarfs any other financial consideration. You'd have to be absolutely 'mad' to purchase an EV as a private buyer ...  |
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