EV Car grant

[ColinMacC]

Just reading on the EV grant on new EV's - is it just me or will this not just make depreciation issues worse?
Surely the best move would be to apply a higher rate of business relief on second hand EV's - somewhere in the region of 50% - generate some genuine interest in second hand EV's from business users, thus propping up residuals and making them a feasible proposition for private buyers?

What are everyone's thoughts?

[Windy Miller]

Rather than spend the funding on trying to make EV's economic, use it to encourage supplies of E85 in the UK. Similar to France's now 3,900 filling stations that sell E85, 85% bio ethanol fueil;

https://www.bioethanolcarburant.com/trouver-une-st...

Whilst the UK have precisely zero E85 capable filling stations.

OK, a number of pros and cons with running E85, and not all vehicles can, those that do needing a conversion that might cost a few hundred quid, possibly into 4 figures. But enables the existing fleet to run "greener" without tearing Chile apart for the lithium.....

[felix909]

Yeah, totally get what you’re saying. Giving grants on new EVs does help sales, but it can hurt resale value later. A stronger incentive for second-hand EVs, like better business relief, could boost demand and make them more attractive for everyone.

[greend]

Windy Miller said:

Rather than spend the funding on trying to make EV's economic, use it to encourage supplies of E85 in the UK. Similar to France's now 3,900 filling stations that sell E85, 85% bio ethanol fueil;

https://www.bioethanolcarburant.com/trouver-une-st...

Whilst the UK have precisely zero E85 capable filling stations.

OK, a number of pros and cons with running E85, and not all vehicles can, those that do needing a conversion that might cost a few hundred quid, possibly into 4 figures. But enables the existing fleet to run "greener" without tearing Chile apart for the lithium.....Same goes for LPG – another proven alternative fuel. In countries like Poland, it’s much more widely adopted thanks to services like this:
https://gaz-time.pl/instalacja-lpg/ They retrofit cars to run on LPG at reasonable cost. The UK could take a similar approach with E85 and LPG to reduce emissions now — without waiting for a full EV transition.

France is really far ahead in this respect. We are focusing on EVs, although E85 could be introduced much faster and cheaper. Compare the cost of charging stations and the cost of adapting to E85.

Edited by greend on Sunday 27th July 18:29

[PolarBearsLuv2DrinkOil]

I like the idea of propping up the used market. That seems to be a well-known weakness in the EV equation.

[Dave Hedgehog]

They are creating a two tier EV system, cars under 40k with a nice grant and those over 40k that get hammered with additional tax and a monsterous VED

[Windy Miller]

To be expected with Two Tier Keir and Two Tear Reeves.

Radio 4's Today programme saying this morning that there is now a £50 billion black hole for Labour to fill by, or with, the budget later in the year. And they went on so much about the mere £22 billion black hole they say they inherited. She'd better keep those hankies close at hand....

[J1m2s]

Well,we wait to see the effort coming out

[Sebring440]

J1m2s said:

Well,we wait to see the effort coming out

Hey, great post! You'll fit in well here.

[ChocolateFrog]

greend said:

Windy Miller said:

Rather than spend the funding on trying to make EV's economic, use it to encourage supplies of E85 in the UK. Similar to France's now 3,900 filling stations that sell E85, 85% bio ethanol fueil;

https://www.bioethanolcarburant.com/trouver-une-st...

Whilst the UK have precisely zero E85 capable filling stations.

OK, a number of pros and cons with running E85, and not all vehicles can, those that do needing a conversion that might cost a few hundred quid, possibly into 4 figures. But enables the existing fleet to run "greener" without tearing Chile apart for the lithium.....Same goes for LPG – another proven alternative fuel. In countries like Poland, it’s much more widely adopted thanks to services like this:
https://gaz-time.pl/instalacja-lpg/ They retrofit cars to run on LPG at reasonable cost. The UK could take a similar approach with E85 and LPG to reduce emissions now — without waiting for a full EV transition.

France is really far ahead in this respect. We are focusing on EVs, although E85 could be introduced much faster and cheaper. Compare the cost of charging stations and the cost of adapting to E85.

Edited by greend on Sunday 27th July 18:29

But why?

[Hackney2]

There should be no grants,financial incentives to purchase an EV, let them stand on their own in the market place without assistance.