Well not one answer that is to the point yet same old arguments. Nothing practical as to what Mr Average with 2.4 kids( is it still this ratio or has fertility dropped ) is going to buy. Who is honestly going to waste £13k. Whether leasing oy buying somewhere along the line that £13k is going to evaporate away and the E will probably depreciate more than the ICE. For me you have basically a car with 4 wheels and a different drive train. If they were the same price it would be a preference. Has it is now £13k would cover 5 years of running costs for the ICE not including depreciation. The Astra Electric is just another overpriced car with 285 miles range more like 240 best in use.. To put it another way Vauxhall a traditional low end car manufacturer how do they expect to sell electric Astras at a third dearer than the petrol equivalent. Vauxhall cars have a bad track record for depreciation will anything change with these new models? The world is perhaps correctly getting rid of fossil fuel but when you see the rich preferred mode of transport such as private planes yachts etc why should Mr Average take a big hit in the pocket to go electric... Best to stick it out and see what develops in the coming years
Alright, let me explain it like this. If I want an Astra E Ultimate for three years, I can get one through work for £648 per month (7,500 miles per annum). Total cost £23,328.
If I want an Astra Ultimate, I can get one from Vauxhall for £10,026 deposit and 35 months at £190 per month (0% APR and 6,000 miles per annum). I then have to pay insurance of, say, £250 per annum, VED of £210 in year 1 and £180 thereafter and £250 a year for servicing. Total cost £18,746.
For 6,000 miles a year, I'm going to need about 1,714 kWh of electricity. At 9.5p per kWh overnight on Octopus Go, that costs me £163 a year or £489 over three years.
My ICE Astra claims to get 50 mpg. That means I'm going to need 120 gallons of petrol a year. At £1.40 a litre I'm paying £6.36 a gallon, so £763.20 a year - £2,289 total.
In total, my electric Astra would cost me about £24k, my petrol one about £22k.
Worth it? Probably not, and that's why I've got two petrol cars on my drive. However, were talking about £2k over three years - £56 per month. At higher mileages, fuel costs will be a bigger factor so it might start making more financial sense. Equally, not all manufacturers would offer 0% APR.
So, as people keep saying, whether buying an EV is financially sensible depends on your circumstances. Whether you want one or not depends on your taste.
Edited by Adampr on 16/06/2023 at 12:35
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