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Should we buy an electric vehicle outright?

We're looking at the MG ZS EV to replace our 2014 Nissan X-Trail. We're not keen on paying interest on a lease when we could afford to buy outright and are happy to keep a vehicle for more than 3 years, as we have done with the X-Trail. I'm not sure if that's sensible with an EV though. What happens with the battery life over time?

Asked on 1 March 2022 by Sarah Boyce

Answered by Andrew Brady
The battery warranty on the MG ZS EV is seven years/80,000 miles. After this time, MG says the battery must have 70 per cent of its original capacity. Based on older electric vehicles, we're finding that batteries aren't degrading as quickly as you might expect. They should be good for at least 10 years, if not more. It's rare for them to suddenly fail, either - they simply lose capacity over time. This suggests that buying an MG ZS EV could be a sound purchase. The only thing to consider is if you have any desire to have 'the latest thing' - electric vehicles are developing rapidly and you might find, after three years, you want to upgrade to the latest model.
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